Ally Financial Inc. (NYSE:ALLY) Shares Sold by Towle & Co.

Towle & Co. lessened its stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 21.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 327,438 shares of the financial services provider's stock after selling 90,363 shares during the period. Ally Financial accounts for approximately 2.0% of Towle & Co.'s investment portfolio, making the stock its 26th biggest position. Towle & Co. owned approximately 0.11% of Ally Financial worth $11,791,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of ALLY. Principal Securities Inc. raised its holdings in Ally Financial by 89.4% in the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 496 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Ally Financial in the 4th quarter valued at approximately $43,000. UMB Bank n.a. grew its stake in shares of Ally Financial by 218.8% in the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock valued at $56,000 after buying an additional 1,061 shares during the period. Harbour Investments Inc. grew its stake in shares of Ally Financial by 38.5% in the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock valued at $77,000 after buying an additional 595 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Ally Financial in the 4th quarter valued at approximately $78,000. Institutional investors and hedge funds own 88.76% of the company's stock.

Insiders Place Their Bets

In other news, CFO Russell E. Hutchinson bought 8,200 shares of the firm's stock in a transaction dated Tuesday, April 22nd. The stock was acquired at an average cost 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 $7,284,131.01. This trade represents a 3.59% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephanie N. Richard sold 8,000 shares of the company's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total transaction of $257,120.00. Following the completion of the transaction, the insider now owns 90,387 shares of the company's stock, valued at $2,905,038.18. This trade 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 owned by insiders.

Ally Financial Trading Down 0.0%

Shares of NYSE:ALLY traded down $0.01 during trading on Thursday, reaching $33.92. The stock had a trading volume of 3,218,903 shares, compared to its average volume of 3,574,042. The business has a fifty day moving average price of $34.00 and a 200-day moving average price of $35.97. 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 stock has a market cap of $10.42 billion, a P/E ratio of 13.05, a PEG ratio of 0.32 and a beta of 1.14. Ally Financial Inc. has a fifty-two week low of $29.52 and a fifty-two week high of $45.46.

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. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the prior year, the business posted $0.45 earnings per share. As a group, analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders 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 annualized dividend and a yield of 3.54%. Ally Financial's dividend payout ratio is currently 88.24%.

Analysts Set New Price Targets

ALLY has been the subject of a number of research analyst reports. Compass Point raised shares of Ally Financial from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $37.00 to $41.00 in a research report on Monday, April 7th. JPMorgan Chase & Co. reduced their price objective on shares of Ally Financial from $43.00 to $36.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Bank of America cut their price target on shares of Ally Financial from $42.00 to $38.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Wall Street Zen upgraded shares of Ally Financial from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, The Goldman Sachs Group lifted their target price 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $41.69.

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.