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

Twinbeech Capital LP lessened its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 52.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 222,260 shares of the financial services provider's stock after selling 245,835 shares during the quarter. Twinbeech Capital LP owned about 0.07% of Ally Financial worth $8,004,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ALLY. Park Avenue Securities LLC acquired a new position in Ally Financial during the 4th quarter worth $230,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Ally Financial in the 4th quarter worth $461,000. HB Wealth Management LLC bought a new stake in shares of Ally Financial in the 4th quarter worth $227,000. UMB Bank n.a. raised 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 worth $56,000 after buying an additional 1,061 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Ally Financial by 55.8% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,720 shares of the financial services provider's stock worth $170,000 after buying an additional 1,690 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company's stock.

Wall Street Analyst Weigh In

ALLY has been the topic of a number of research reports. Compass Point raised Ally Financial from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $37.00 to $41.00 in a research note on Monday, April 7th. The Goldman Sachs Group boosted their target price on Ally Financial from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Tuesday, April 1st. Truist Financial cut their target price on Ally Financial from $45.00 to $41.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley cut their target price on Ally Financial from $45.00 to $39.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. For consumer lenders, the Trump Administration’s hardline approach to tariffs is “difficult to ignore” and there’s clearly more downside to the group if tariffs remain near current levels. If tariffs remain in place, risks to growth would skew meaningfully to the downside and risks to inflation to the upside, adds the analyst, who is downgrading the firm’s Consumer Finance industry view to Cautious from Attractive. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $40.00 target price on shares of Ally Financial in a research report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, Ally Financial currently has a consensus rating of "Hold" and an average target price of $41.69.

Insiders Place Their Bets

In other news, 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 transaction of $257,120.00. Following the completion of the sale, the insider now owns 90,387 shares in the company, valued at approximately $2,905,038.18. This represents a 8.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Russell E. Hutchinson purchased 8,200 shares of the firm's stock in a transaction dated Tuesday, April 22nd. The shares were bought at an average price of $30.81 per share, with a total value of $252,642.00. Following the purchase, the chief financial officer now owns 236,421 shares in the company, valued at $7,284,131.01. This represents a 3.59% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company's stock.

Ally Financial Stock Down 0.9%

ALLY stock traded down $0.30 during mid-day trading on Friday, hitting $33.63. The stock had a trading volume of 2,828,361 shares, compared to its average volume of 3,580,396. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. Ally Financial Inc. has a 1-year low of $29.52 and a 1-year high of $45.46. The company has a fifty day moving average of $33.97 and a 200 day moving average of $35.94. The stock has a market capitalization of $10.33 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 0.32 and a beta of 1.14.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.15. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the firm posted $0.45 EPS. On average, equities analysts expect that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend was Thursday, May 1st. Ally Financial's payout ratio is currently 88.24%.

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.