Ionic Capital Management LLC Makes New Investment in Ally Financial Inc. (NYSE:ALLY)

Ionic Capital Management LLC acquired a new stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,500 shares of the financial services provider's stock, valued at approximately $558,000.

A number of other hedge funds also recently made changes to their positions in the company. Principal Securities Inc. grew its stake in shares of Ally Financial by 89.4% in the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock worth $38,000 after buying an additional 496 shares in the last quarter. Kestra Investment Management LLC bought a new stake in Ally Financial during the fourth quarter worth approximately $43,000. UMB Bank n.a. raised its position in Ally Financial by 218.8% during the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 1,061 shares during the period. Harbour Investments Inc. lifted 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 purchasing an additional 595 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Ally Financial in the 4th quarter worth approximately $78,000. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ally Financial

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 price of $30.81 per share, with a total value of $252,642.00. Following the transaction, the chief financial officer now 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Stephanie N. Richard sold 8,000 shares of the business's stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total value of $257,120.00. Following the completion of the transaction, the insider now directly owns 90,387 shares of the company's stock, valued at approximately $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 0.56% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ALLY shares. BTIG Research lowered Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price target on the stock. in a report on Tuesday, March 25th. Truist Financial lowered their target price on shares of Ally Financial from $45.00 to $41.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price target 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. The Goldman Sachs Group boosted their target price on Ally Financial from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. Finally, Bank of America reduced their price target on Ally Financial from $42.00 to $38.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $41.69.

Ally Financial Stock Up 0.8%

NYSE ALLY traded up $0.28 on Friday, reaching $36.03. 2,399,350 shares of the stock traded hands, compared to its average volume of 3,556,644. Ally Financial Inc. has a 12 month low of $29.52 and a 12 month high of $45.46. The company has a market cap of $11.07 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 0.32 and a beta of 1.14. The company has a fifty day moving average price of $33.86 and a 200-day moving average price of $35.96. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, beating 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 firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the company posted $0.45 earnings per share. As a group, research analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.33%. Ally Financial's dividend payout ratio is currently 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.