Philip James Wealth Mangement LLC Sells 6,523 Shares of Ally Financial Inc. (NYSE:ALLY)

Philip James Wealth Mangement LLC trimmed its position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 220,740 shares of the financial services provider's stock after selling 6,523 shares during the quarter. Ally Financial makes up approximately 1.0% of Philip James Wealth Mangement LLC's holdings, making the stock its 19th largest position. Philip James Wealth Mangement LLC owned 0.07% of Ally Financial worth $8,050,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Ally Financial in the fourth quarter worth approximately $75,483,000. Jacobs Levy Equity Management Inc. increased its stake in shares of Ally Financial by 84.0% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 4,202,179 shares of the financial services provider's stock worth $151,320,000 after purchasing an additional 1,918,965 shares in the last quarter. Phoenix Financial Ltd. lifted its position in Ally Financial by 86.4% during the fourth quarter. Phoenix Financial Ltd. now owns 3,390,066 shares of the financial services provider's stock valued at $122,077,000 after purchasing an additional 1,571,027 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Ally Financial by 6,226.4% during the fourth quarter. Janus Henderson Group PLC now owns 1,368,654 shares of the financial services provider's stock valued at $49,285,000 after purchasing an additional 1,347,020 shares during the period. Finally, ANTIPODES PARTNERS Ltd raised its stake in shares of Ally Financial by 75.6% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 2,956,037 shares of the financial services provider's stock worth $106,455,000 after buying an additional 1,272,853 shares during the period. Hedge funds and other institutional investors own 88.76% of the company's stock.

Ally Financial Trading Up 1.7%

NYSE:ALLY opened at $38.81 on Friday. The company has a market capitalization of $11.92 billion, a P/E ratio of 28.54, a PEG ratio of 0.36 and a beta of 1.14. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.38. Ally Financial Inc. has a 12 month low of $29.52 and a 12 month high of $45.46. The firm has a fifty day simple moving average of $34.92 and a 200-day simple moving average of $35.69.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.15. Ally Financial had a net margin of 6.96% and a return on equity of 9.53%. The company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $2.04 billion. During the same quarter in the previous year, the company earned $0.45 earnings per share. On average, equities research analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors 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 3.09%. The ex-dividend date of this dividend was Thursday, May 1st. Ally Financial's dividend payout ratio is presently 88.24%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ALLY shares. Truist Financial upped their price target on shares of Ally Financial from $41.00 to $44.00 and gave the company a "buy" rating in a research note on Friday, June 13th. Compass Point upgraded Ally Financial from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $37.00 to $41.00 in a report on Monday, April 7th. JPMorgan Chase & Co. decreased their price target on Ally Financial from $43.00 to $36.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Bank of America dropped their price objective on shares of Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Finally, Morgan Stanley cut their price objective on shares of Ally Financial from $45.00 to $39.00 and set an "outperform" rating on the stock in a research 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Ally Financial currently has a consensus rating of "Hold" and a consensus price target of $41.88.

Insider Buying and Selling

In other Ally Financial news, CFO Russell E. Hutchinson purchased 8,200 shares of the stock in a transaction that occurred on Tuesday, April 22nd. The shares were purchased 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 owns 236,421 shares of the company's stock, valued at $7,284,131.01. The trade was a 3.59% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Stephanie N. Richard sold 8,000 shares of the stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total transaction of $257,120.00. Following the completion of the sale, the insider now owns 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 disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

Ally Financial Company 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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