OLD National Bancorp IN Increases Position in Ally Financial Inc. (NYSE:ALLY)

OLD National Bancorp IN increased its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 3.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 942,911 shares of the financial services provider's stock after acquiring an additional 33,836 shares during the period. Ally Financial makes up about 0.9% of OLD National Bancorp IN's investment portfolio, making the stock its 19th biggest position. OLD National Bancorp IN owned approximately 0.31% of Ally Financial worth $34,388,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. grew its holdings in shares of Ally Financial by 67.1% in the 1st quarter. UMB Bank n.a. now owns 2,583 shares of the financial services provider's stock worth $94,000 after acquiring an additional 1,037 shares during the period. Gateway Investment Advisers LLC grew its holdings in shares of Ally Financial by 4.6% in the 1st quarter. Gateway Investment Advisers LLC now owns 117,184 shares of the financial services provider's stock worth $4,274,000 after acquiring an additional 5,205 shares during the period. Fulton Bank N.A. grew its holdings in shares of Ally Financial by 3.6% in the 1st quarter. Fulton Bank N.A. now owns 19,628 shares of the financial services provider's stock worth $716,000 after acquiring an additional 687 shares during the period. Merit Financial Group LLC acquired a new stake in shares of Ally Financial in the 1st quarter worth approximately $276,000. Finally, Asset Management Advisors LLC grew its holdings in Ally Financial by 1.0% during the 1st quarter. Asset Management Advisors LLC now owns 168,760 shares of the financial services provider's stock valued at $6,155,000 after buying an additional 1,680 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company's stock.

Ally Financial Trading Up 3.2%

Shares of Ally Financial stock traded up $1.12 during trading hours on Friday, reaching $36.32. 3,036,403 shares of the company's stock were exchanged, compared to its average volume of 3,744,460. Ally Financial Inc. has a 52-week low of $29.52 and a 52-week high of $45.46. The firm has a market capitalization of $11.16 billion, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14. The company has a fifty day moving average of $33.63 and a 200-day moving average of $35.84. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.15. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the prior year, the company posted $0.45 EPS. Sell-side analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date was Thursday, May 1st. Ally Financial's payout ratio is currently 88.24%.

Insider Activity at Ally Financial

In other news, CFO Russell E. Hutchinson bought 8,200 shares of Ally Financial stock in a transaction that occurred on Tuesday, April 22nd. The shares were purchased at an average price of $30.81 per share, for a total transaction of $252,642.00. Following the completion of the acquisition, the chief financial officer now owns 236,421 shares of the company's stock, valued at $7,284,131.01. The trade was a 3.59% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephanie N. Richard sold 8,000 shares of Ally Financial stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total value of $257,120.00. Following the completion of the transaction, the insider now owns 90,387 shares in the company, valued at $2,905,038.18. The trade was a 8.13% decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on ALLY. Morgan Stanley lowered their target price on Ally Financial from $45.00 to $39.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. For consumer lenders, the Trump Administration’s hardline approach to tariffs is “difficult to ignore” and there’s clearly more downside to the group if tariffs remain near current levels. If tariffs remain in place, risks to growth would skew meaningfully to the downside and risks to inflation to the upside, adds the analyst, who is downgrading the firm’s Consumer Finance industry view to Cautious from Attractive. The Goldman Sachs Group increased their target price on Ally Financial from $45.00 to $50.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. Compass Point upgraded Ally Financial from a "neutral" rating to a "buy" rating and increased their target price for the company from $37.00 to $41.00 in a report on Monday, April 7th. BTIG Research cut Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 target price on the stock. in a report on Tuesday, March 25th. Finally, Wall Street Zen upgraded Ally Financial from a "sell" rating to a "hold" rating in a report on Friday, May 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $41.69.

Ally Financial Profile

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.