Waterfront Wealth Inc. Cuts Holdings in Ally Financial Inc. (NYSE:ALLY)

Waterfront Wealth Inc. lowered its position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 25.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,175 shares of the financial services provider's stock after selling 12,749 shares during the period. Waterfront Wealth Inc.'s holdings in Ally Financial were worth $1,392,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV lifted its position in Ally Financial by 2.1% in the 1st quarter. KBC Group NV now owns 594,081 shares of the financial services provider's stock worth $21,666,000 after buying an additional 12,039 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Ally Financial by 7.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 649,832 shares of the financial services provider's stock worth $23,699,000 after acquiring an additional 46,707 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Ally Financial in the 1st quarter valued at $1,998,000. Total Wealth Planning & Management Inc. grew its holdings in shares of Ally Financial by 13.0% during the 1st quarter. Total Wealth Planning & Management Inc. now owns 11,847 shares of the financial services provider's stock valued at $432,000 after purchasing an additional 1,361 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in Ally Financial by 59.6% in the 1st quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider's stock worth $37,000 after purchasing an additional 377 shares during the period. Institutional investors own 88.76% of the company's stock.

Wall Street Analysts Forecast Growth

ALLY has been the topic of a number of recent research reports. BTIG Research cut Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price objective on the stock. in a research note on Tuesday, March 25th. Citigroup raised their price target on Ally Financial from $55.00 to $59.00 and gave the stock a "buy" rating in a research report on Wednesday. Compass Point upgraded Ally Financial from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $37.00 to $41.00 in a research report on Monday, April 7th. Truist Financial raised their target price on shares of Ally Financial from $41.00 to $44.00 and gave the stock a "buy" rating in a report on Friday, June 13th. Finally, Morgan Stanley decreased their target price on shares of Ally Financial from $45.00 to $39.00 and set an "outperform" rating on the stock in a research note 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $41.60.

Ally Financial Stock Up 1.7%

ALLY traded up $0.67 on Wednesday, hitting $40.88. The company had a trading volume of 2,678,514 shares, compared to its average volume of 3,782,566. Ally Financial Inc. has a 52-week low of $29.52 and a 52-week high of $45.46. The stock has a fifty day simple moving average of $35.42 and a 200-day simple moving average of $35.70. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $12.56 billion, a P/E ratio of 30.06, a P/E/G ratio of 0.37 and a beta of 1.14.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.15. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $2.04 billion. Ally Financial had a return on equity of 9.53% and a net margin of 6.96%. During the same quarter in the prior year, the company earned $0.45 earnings per share. As a group, equities analysts expect that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a dividend of $0.30 per share. The ex-dividend date was Thursday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 2.94%. Ally Financial's dividend payout ratio (DPR) is currently 88.24%.

Insider Activity

In related news, CFO Russell E. Hutchinson bought 8,200 shares of the company's stock in a transaction on Tuesday, April 22nd. The shares were acquired at an average cost of $30.81 per share, with a total value of $252,642.00. Following the completion of the acquisition, the chief financial officer owned 236,421 shares of the company's stock, valued at $7,284,131.01. The trade was a 3.59% increase in their position. The purchase 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 firm's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total value of $257,120.00. Following the transaction, the insider owned 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. 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.