Pallas Capital Advisors LLC Makes New $358,000 Investment in Ally Financial Inc. (NYSE:ALLY)

Pallas Capital Advisors LLC purchased a new position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,803 shares of the financial services provider's stock, valued at approximately $358,000.

Several other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of Ally Financial by 100.2% in the 1st quarter. Farther Finance Advisors LLC now owns 3,990 shares of the financial services provider's stock worth $146,000 after purchasing an additional 1,997 shares in the last quarter. OLD National Bancorp IN boosted its holdings in Ally Financial by 3.7% during the first quarter. OLD National Bancorp IN now owns 942,911 shares of the financial services provider's stock valued at $34,388,000 after acquiring an additional 33,836 shares during the period. UMB Bank n.a. raised its stake in Ally Financial by 67.1% during the 1st quarter. UMB Bank n.a. now owns 2,583 shares of the financial services provider's stock valued at $94,000 after purchasing an additional 1,037 shares during the last quarter. Gateway Investment Advisers LLC grew its holdings in shares of Ally Financial by 4.6% during the 1st quarter. Gateway Investment Advisers LLC now owns 117,184 shares of the financial services provider's stock worth $4,274,000 after purchasing an additional 5,205 shares in the last quarter. Finally, Fulton Bank N.A. boosted its holdings in Ally Financial by 3.6% during the first quarter. Fulton Bank N.A. now owns 19,628 shares of the financial services provider's stock valued at $716,000 after purchasing an additional 687 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Morgan Stanley reduced 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. Truist Financial lifted their price objective on Ally Financial from $41.00 to $44.00 and gave the company a "buy" rating in a report on Friday. BTIG Research downgraded shares of Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price target on the stock. in a research note on Tuesday, March 25th. The Goldman Sachs Group increased their price objective on Ally Financial from $45.00 to $50.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. Finally, Wells Fargo & Company dropped their price target on Ally Financial from $34.00 to $32.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Ally Financial has a consensus rating of "Hold" and an average price target of $41.88.

Insider Activity at Ally Financial

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

Ally Financial Stock Down 2.2%

Ally Financial stock traded down $0.80 during trading on Friday, reaching $35.99. The stock had a trading volume of 2,836,438 shares, compared to its average volume of 3,753,742. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. Ally Financial Inc. has a 52-week low of $29.52 and a 52-week high of $45.46. The stock has a market cap of $11.06 billion, a PE ratio of 13.84, a P/E/G ratio of 0.32 and a beta of 1.14. The business has a 50 day moving average price of $33.91 and a 200 day moving average price of $35.83.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the company posted $0.45 earnings per share. On average, analysts predict that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a $0.30 dividend. The ex-dividend date was Thursday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.33%. Ally Financial's dividend payout ratio is presently 88.24%.

About Ally Financial

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.