First Trust Advisors LP Boosts Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

First Trust Advisors LP grew its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 41.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,458,352 shares of the financial services provider's stock after buying an additional 1,011,985 shares during the quarter. First Trust Advisors LP owned approximately 1.13% of Ally Financial worth $124,535,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALLY. Vanguard Group Inc. raised its holdings in shares of Ally Financial by 0.4% in the fourth 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 last quarter. Geode Capital Management LLC grew its stake in shares of Ally Financial by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 4,895,467 shares of the financial services provider's stock valued at $175,990,000 after purchasing an additional 184,278 shares during the last quarter. Phoenix Financial Ltd. increased its holdings in shares of Ally Financial by 86.4% in the fourth quarter. Phoenix Financial Ltd. now owns 3,390,066 shares of the financial services provider's stock valued at $122,077,000 after purchasing an additional 1,571,027 shares in the last quarter. FMR LLC raised its position in Ally Financial by 1.1% in the 4th quarter. FMR LLC now owns 3,259,705 shares of the financial services provider's stock worth $117,382,000 after purchasing an additional 35,625 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd lifted its holdings in Ally Financial by 75.6% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 2,956,037 shares of the financial services provider's stock worth $106,455,000 after buying an additional 1,272,853 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ALLY shares. Bank of America lowered their target price on shares of Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a report on Monday, April 7th. Truist Financial reduced their target price on Ally Financial from $45.00 to $41.00 and set a "buy" rating on the stock in a report on Tuesday. BTIG Research downgraded shares of Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price target on the stock. in a research report on Tuesday, March 25th. Compass Point upgraded shares of 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 report on Monday, April 7th. Finally, Barclays lifted their target price on Ally Financial from $36.00 to $44.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Ally Financial presently has an average rating of "Hold" and a consensus price target of $41.69.

Insider Buying and Selling

In other Ally Financial news, CEO Michael George Rhodes purchased 25,634 shares of the stock in a transaction dated Monday, January 27th. The shares were bought at an average price of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the transaction, the chief executive officer now directly owns 25,634 shares in the company, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Russell E. Hutchinson bought 8,200 shares of the stock in a transaction on Tuesday, April 22nd. The shares were acquired at an average cost of $30.81 per share, for a total transaction of $252,642.00. Following the acquisition, the chief financial officer now directly owns 236,421 shares in the company, valued at approximately $7,284,131.01. This trade represents a 3.59 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

Ally Financial Stock Down 0.7 %

Shares of NYSE:ALLY traded down $0.24 during mid-day trading on Friday, hitting $32.95. 4,237,971 shares of the company traded hands, compared to its average volume of 3,532,021. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $45.46. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. The stock has a market cap of $10.12 billion, a P/E ratio of 12.67, a P/E/G ratio of 0.32 and a beta of 1.12. The stock has a 50-day moving average price of $34.52 and a two-hundred day moving average price of $36.08.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 EPS for the quarter, beating 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 last year, the business posted $0.45 EPS. On average, equities research analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Thursday, May 1st. Ally Financial's dividend payout ratio is presently 88.24%.

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.