Quantinno Capital Management LP Boosts Holdings in Ally Financial Inc. (NYSE:ALLY)

Quantinno Capital Management LP boosted its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 93.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,193 shares of the financial services provider's stock after buying an additional 30,098 shares during the period. Quantinno Capital Management LP's holdings in Ally Financial were worth $2,240,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Ally Financial by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 28,252,149 shares of the financial services provider's stock valued at $1,017,360,000 after buying an additional 111,231 shares during the period. Geode Capital Management LLC raised its holdings in shares of Ally Financial by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 4,895,467 shares of the financial services provider's stock valued at $175,990,000 after purchasing an additional 184,278 shares during the period. First Manhattan CO. LLC. raised its holdings in shares of Ally Financial by 4.8% during the fourth quarter. First Manhattan CO. LLC. now owns 4,226,639 shares of the financial services provider's stock valued at $153,752,000 after purchasing an additional 192,295 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in shares of Ally Financial by 84.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 4,202,179 shares of the financial services provider's stock valued at $151,320,000 after purchasing an additional 1,918,965 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Ally Financial by 28.0% during the fourth quarter. Northern Trust Corp now owns 3,941,459 shares of the financial services provider's stock valued at $141,932,000 after purchasing an additional 863,052 shares during the period. Institutional investors and hedge funds own 88.76% of the company's stock.

Ally Financial Stock Down 0.9%

ALLY stock traded down $0.30 during trading on Friday, reaching $33.63. The stock had a trading volume of 2,828,361 shares, compared to its average volume of 3,573,453. Ally Financial Inc. has a one year low of $29.52 and a one year high of $45.46. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The company's 50 day moving average is $33.97 and its two-hundred day moving average is $35.96. The company has a market capitalization of $10.33 billion, a price-to-earnings ratio of 12.93, a P/E/G ratio of 0.32 and a beta of 1.14.

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 analysts' consensus estimates of $0.43 by $0.15. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the firm posted $0.45 EPS. Equities research analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend was Thursday, May 1st. Ally Financial's payout ratio is 88.24%.

Wall Street Analysts Forecast Growth

ALLY has been the topic of several research reports. The Goldman Sachs Group upped their price objective 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. Truist Financial dropped their price objective on shares of Ally Financial from $45.00 to $41.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley dropped their price objective on shares of 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. BTIG Research lowered shares of Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price objective on the stock. in a report on Tuesday, March 25th. Finally, Bank of America dropped their price objective on shares of Ally Financial from $42.00 to $38.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $41.69.

Insiders Place Their Bets

In other Ally Financial news, insider Stephanie N. Richard sold 8,000 shares of the business's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total value of $257,120.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Russell E. Hutchinson bought 8,200 shares of the company's stock in a transaction on Tuesday, April 22nd. The stock was bought at an average price of $30.81 per share, for a total transaction of $252,642.00. Following the completion of the purchase, the chief financial officer now 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 ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by 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.