Total Wealth Planning & Management Inc. Acquires Shares of 10,486 Ally Financial Inc. (NYSE:ALLY)

Total Wealth Planning & Management Inc. bought a new stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,486 shares of the financial services provider's stock, valued at approximately $378,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. New York State Common Retirement Fund lifted 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 in the last quarter. Kestra Private Wealth Services LLC grew its holdings in 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 valued at $5,327,000 after buying an additional 20,569 shares in the last quarter. Atria Wealth Solutions Inc. boosted its position in shares of 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 acquiring an additional 2,400 shares during the last quarter. GFS Advisors LLC bought a new stake in shares of Ally Financial during the 4th quarter valued at about $238,000. Finally, Van ECK Associates Corp bought a new stake in Ally Financial in the 4th quarter worth approximately $85,000. Institutional investors and hedge funds own 88.76% of the company's stock.

Insiders Place Their Bets

In other news, CFO Russell E. Hutchinson purchased 8,200 shares of the stock in a transaction on Tuesday, April 22nd. The stock was purchased 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 now owns 236,421 shares in the company, valued at approximately $7,284,131.01. The trade was 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 available at this hyperlink. Also, insider Stephanie N. Richard sold 8,000 shares of the company's 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 completion of the sale, the insider now directly 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. 0.67% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on ALLY. BTIG Research downgraded Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 target price for the company. in a report on Tuesday, March 25th. Wall Street Zen raised Ally Financial from a "sell" rating to a "hold" rating in a report on Friday, May 23rd. Truist Financial lowered their target price on Ally Financial from $45.00 to $41.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $40.00 price objective on shares of Ally Financial in a research note on Monday, April 21st. Finally, Wells Fargo & Company cut their price target on Ally Financial from $34.00 to $32.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $41.69.

Ally Financial Price Performance

Shares of NYSE:ALLY traded up $0.38 during midday trading on Thursday, hitting $35.28. The company had a trading volume of 4,002,769 shares, compared to its average volume of 3,599,721. The stock has a market cap of $10.84 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. Ally Financial Inc. has a twelve month low of $29.52 and a twelve month high of $45.46. The business's 50-day simple moving average is $33.87 and its 200-day simple moving average is $35.89.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly 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. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $2.04 billion. During the same period in the prior year, the business posted $0.45 EPS. On average, research analysts predict that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend was Thursday, May 1st. Ally Financial's dividend payout ratio (DPR) is 88.24%.

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.