Quantinno Capital Management LP Purchases 30,098 Shares of Ally Financial Inc. (NYSE:ALLY)

Quantinno Capital Management LP lifted its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 93.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 62,193 shares of the financial services provider's stock after acquiring an additional 30,098 shares during the period. Quantinno Capital Management LP's holdings in Ally Financial were worth $2,240,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wealthcare Advisory Partners LLC acquired a new stake in Ally Financial in the 4th quarter valued at $461,000. New York State Common Retirement Fund grew its holdings in shares of Ally Financial by 11.6% in the 4th quarter. New York State Common Retirement Fund now owns 189,643 shares of the financial services provider's stock worth $6,829,000 after purchasing an additional 19,785 shares during the last quarter. Kestra Private Wealth Services LLC increased its position in shares of Ally Financial by 16.1% during the 4th quarter. Kestra Private Wealth Services LLC now owns 147,933 shares of the financial services provider's stock worth $5,327,000 after purchasing an additional 20,569 shares in the last quarter. Atria Wealth Solutions Inc. lifted its holdings in Ally Financial by 12.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 22,215 shares of the financial services provider's stock valued at $800,000 after purchasing an additional 2,400 shares during the last quarter. Finally, GFS Advisors LLC acquired a new position in Ally Financial in the fourth quarter valued at about $238,000. Institutional investors own 88.76% of the company's stock.

Ally Financial Stock Down 0.9%

Shares of ALLY stock traded down $0.30 during trading on Monday, reaching $33.63. The company's stock had a trading volume of 2,828,361 shares, compared to its average volume of 3,580,396. The company has a market cap of $10.33 billion, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14. Ally Financial Inc. has a one year low of $29.52 and a one year high of $45.46. The business has a fifty day moving average price of $33.97 and a 200-day moving average price of $35.93. 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 (NYSE:ALLY - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.43 by $0.15. The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $2.04 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. During the same period in the previous year, the firm posted $0.45 EPS. Analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The business 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. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.57%. Ally Financial's dividend payout ratio is 88.24%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Compass Point raised Ally Financial from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $37.00 to $41.00 in a report on Monday, April 7th. Wall Street Zen upgraded Ally Financial from a "sell" rating to a "hold" rating in a research note on Friday. Truist Financial cut their price target on Ally Financial from $45.00 to $41.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. 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, Morgan Stanley dropped their target price on shares of Ally Financial from $45.00 to $39.00 and set an "outperform" rating for the company in a research note 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 analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $41.69.

Insiders Place Their Bets

In other news, CFO Russell E. Hutchinson bought 8,200 shares of the company's stock in a transaction dated Tuesday, April 22nd. The shares were bought at an average cost of $30.81 per share, with a total value of $252,642.00. Following the acquisition, the chief financial officer now owns 236,421 shares in the company, valued at $7,284,131.01. This trade represents a 3.59% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephanie N. Richard sold 8,000 shares of Ally Financial stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total value of $257,120.00. Following the transaction, the insider now owns 90,387 shares of the company's stock, 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. Insiders own 0.67% of the company's stock.

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.