Twinbeech Capital LP Sells 245,835 Shares of Ally Financial Inc. (NYSE:ALLY)

Twinbeech Capital LP reduced its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 52.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 222,260 shares of the financial services provider's stock after selling 245,835 shares during the period. Twinbeech Capital LP owned about 0.07% of Ally Financial worth $8,004,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in Ally Financial in the fourth quarter worth $75,483,000. Jacobs Levy Equity Management Inc. increased 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 buying an additional 1,918,965 shares in the last quarter. Phoenix Financial Ltd. increased its holdings in Ally Financial by 86.4% in the 4th quarter. Phoenix Financial Ltd. now owns 3,390,066 shares of the financial services provider's stock worth $122,077,000 after buying an additional 1,571,027 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Ally Financial by 6,226.4% in the 4th quarter. Janus Henderson Group PLC now owns 1,368,654 shares of the financial services provider's stock worth $49,285,000 after buying an additional 1,347,020 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd boosted its position in Ally Financial by 75.6% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 2,956,037 shares of the financial services provider's stock worth $106,455,000 after purchasing an additional 1,272,853 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Trading Up 0.1%

Shares of ALLY stock opened at $36.06 on Tuesday. The stock's fifty day moving average is $33.95 and its two-hundred day moving average is $35.99. 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 firm has a market capitalization of $11.08 billion, a P/E ratio of 13.87, 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 announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.15. The company 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 9.31% and a net margin of 11.29%. During the same quarter last year, the firm posted $0.45 EPS. Research analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Thursday, May 1st. Ally Financial's dividend payout ratio (DPR) is presently 88.24%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. JPMorgan Chase & Co. lowered their price target on Ally Financial from $43.00 to $36.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. StockNews.com raised Ally Financial from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Wells Fargo & Company cut their target price on Ally Financial from $34.00 to $32.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $40.00 price target on shares of Ally Financial in a research note on Monday, April 21st. Finally, BTIG Research cut 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. 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 company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $41.69.

Insiders Place Their Bets

In related news, CFO Russell E. Hutchinson bought 8,200 shares of the business's stock in a transaction on Tuesday, April 22nd. The stock was acquired at an average cost of $30.81 per share, with a total value of $252,642.00. Following the purchase, the chief financial officer now directly owns 236,421 shares of the company's stock, valued at $7,284,131.01. The trade was a 3.59% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 value of $257,120.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company's stock.

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.

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