OneDigital Investment Advisors LLC Sells 10,323 Shares of Ally Financial Inc. (NYSE:ALLY)

OneDigital Investment Advisors LLC lowered its stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 7.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,290 shares of the financial services provider's stock after selling 10,323 shares during the period. OneDigital Investment Advisors LLC's holdings in Ally Financial were worth $4,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Copia Wealth Management purchased a new stake in Ally Financial in the 1st quarter worth $27,000. Private Trust Co. NA increased its holdings in shares of Ally Financial by 125.7% in the first quarter. Private Trust Co. NA now owns 914 shares of the financial services provider's stock worth $33,000 after purchasing an additional 509 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Ally Financial by 59.6% in the first quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider's stock worth $37,000 after buying an additional 377 shares in the last quarter. Harbour Investments Inc. boosted its stake in Ally Financial by 38.5% during the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock valued at $77,000 after buying an additional 595 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in Ally Financial during the 4th quarter valued at approximately $78,000. Hedge funds and other institutional investors own 88.76% of the company's stock.

Wall Street Analyst Weigh In

ALLY has been the subject of a number of recent research reports. The Goldman Sachs Group raised their target price on shares of Ally Financial from $45.00 to $50.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. Wall Street Zen upgraded shares of Ally Financial from a "sell" rating to a "hold" rating in a report on Friday, May 23rd. Wells Fargo & Company lowered their price target on shares of Ally Financial from $34.00 to $32.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Truist Financial boosted their price objective on Ally Financial from $41.00 to $44.00 and gave the stock a "buy" rating in a research note on Friday, June 13th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $40.00 price objective on shares of Ally Financial in a research note on Monday, April 21st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Ally Financial presently has a consensus rating of "Hold" and an average price target of $41.60.

Ally Financial Stock Up 0.7%

Shares of Ally Financial stock opened at $41.20 on Friday. Ally Financial Inc. has a 52-week low of $29.52 and a 52-week high of $45.46. The firm's 50 day moving average price is $35.92 and its 200-day moving average price is $35.80. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.38. The company has a market cap of $12.66 billion, a P/E ratio of 30.29, a PEG ratio of 0.39 and a beta of 1.15.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.15. Ally Financial had a return on equity of 9.53% and a net margin of 6.96%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the firm posted $0.45 earnings per share. On average, sell-side analysts predict that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend was Thursday, May 1st. Ally Financial's dividend payout ratio (DPR) is presently 88.24%.

Insider Activity

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

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.

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