Sumitomo Mitsui Trust Group Inc. Has $23.70 Million Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 7.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 649,832 shares of the financial services provider's stock after purchasing an additional 46,707 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.21% of Ally Financial worth $23,699,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Copia Wealth Management bought a new position in Ally Financial in the 1st quarter valued at $27,000. Bessemer Group Inc. boosted its stake in shares of Ally Financial by 59.6% in the 1st quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 377 shares during the last quarter. Harbour Investments Inc. grew its position in shares of Ally Financial by 38.5% during the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock worth $77,000 after buying an additional 595 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Ally Financial during the fourth quarter worth approximately $78,000. Finally, Fifth Third Bancorp lifted its holdings in Ally Financial by 22.3% in the first quarter. Fifth Third Bancorp now owns 2,519 shares of the financial services provider's stock valued at $92,000 after buying an additional 459 shares during the period. Institutional investors and hedge funds own 88.76% of the company's stock.

Ally Financial Stock Up 0.7%

NYSE ALLY traded up $0.30 during trading hours on Thursday, hitting $41.20. 1,977,599 shares of the company traded hands, compared to its average volume of 3,778,826. The stock has a market capitalization of $12.66 billion, a price-to-earnings ratio of 30.29, a P/E/G ratio of 0.38 and a beta of 1.15. Ally Financial Inc. has a twelve month low of $29.52 and a twelve month high of $45.46. The business's 50-day moving average is $35.59 and its 200-day moving average is $35.74. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.90 and a current ratio of 0.90.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.15. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $2.04 billion. Ally Financial had a return on equity of 9.53% and a net margin of 6.96%. During the same period in the previous year, the firm earned $0.45 EPS. Sell-side analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

ALLY has been the topic of a number of analyst reports. Wall Street Zen raised Ally Financial from a "sell" rating to a "hold" rating in a research note on Friday, May 23rd. Bank of America reduced their target price on Ally Financial from $42.00 to $38.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Truist Financial boosted their target price on Ally Financial from $41.00 to $44.00 and gave the stock a "buy" rating in a research report on Friday, June 13th. Wells Fargo & Company cut their price target on shares of Ally Financial from $34.00 to $32.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Ally Financial from $43.00 to $36.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $41.60.

Insider Buying and Selling

In other Ally Financial news, CFO Russell E. Hutchinson bought 8,200 shares of Ally Financial stock in a transaction dated Tuesday, April 22nd. The stock was bought at an average price of $30.81 per share, with a total value of $252,642.00. Following the completion of the transaction, the chief financial officer owned 236,421 shares in the company, valued at $7,284,131.01. The trade was a 3.59% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Stephanie N. Richard sold 8,000 shares of the firm's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total transaction of $257,120.00. Following the transaction, the insider directly owned 90,387 shares in the company, valued at approximately $2,905,038.18. This represents a 8.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company 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.