Total Wealth Planning & Management Inc. Takes Position in Ally Financial Inc. (NYSE:ALLY)

Total Wealth Planning & Management Inc. purchased a new stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,486 shares of the financial services provider's stock, valued at approximately $378,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Ally Financial by 0.4% in the 4th 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 lifted its holdings in shares of Ally Financial by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 4,895,467 shares of the financial services provider's stock valued at $175,990,000 after buying an additional 184,278 shares during the period. First Manhattan CO. LLC. raised its holdings in Ally Financial by 4.8% in the 4th quarter. First Manhattan CO. LLC. now owns 4,226,639 shares of the financial services provider's stock worth $153,752,000 after purchasing an additional 192,295 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in 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 during the period. Finally, Northern Trust Corp raised its holdings in Ally Financial by 28.0% in the 4th quarter. Northern Trust Corp now owns 3,941,459 shares of the financial services provider's stock worth $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 Price Performance

Shares of ALLY stock traded down $0.27 during trading hours on Friday, reaching $35.01. The company had a trading volume of 23,849,801 shares, compared to its average volume of 3,690,671. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a fifty day moving average of $33.77 and a 200-day moving average of $35.86. The company has a market capitalization of $10.75 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 0.32 and a beta of 1.14. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.15. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $2.04 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. During the same period in the prior year, the business earned $0.45 earnings per share. On average, equities 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. Stockholders of record on Thursday, May 1st were given 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 dividend yield of 3.43%. Ally Financial's dividend payout ratio (DPR) is presently 88.24%.

Insider Activity

In related news, insider Stephanie N. Richard sold 8,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Russell E. Hutchinson acquired 8,200 shares of the stock in a transaction that occurred on Tuesday, April 22nd. The stock was acquired 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 directly owns 236,421 shares of the company's stock, valued at $7,284,131.01. This trade represents a 3.59% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company's stock.

Analyst Ratings Changes

ALLY has been the subject of a number of analyst reports. Wells Fargo & Company reduced 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. Compass Point raised Ally Financial from a "neutral" rating to a "buy" rating and upped their price target for the stock from $37.00 to $41.00 in a report on Monday, April 7th. Truist Financial reduced 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. JPMorgan Chase & Co. reduced their price target on Ally Financial from $43.00 to $36.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Bank of America reduced their price target on Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company 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 given a buy rating to the company's stock. Based on data from MarketBeat, Ally Financial has an average rating of "Hold" and a consensus price target of $41.69.

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.