Jacobs Levy Equity Management Inc. Has $151.32 Million Stock Position in Ally Financial Inc. (NYSE:ALLY)

Jacobs Levy Equity Management Inc. increased its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 84.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,202,179 shares of the financial services provider's stock after acquiring an additional 1,918,965 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 1.38% of Ally Financial worth $151,320,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Principal Securities Inc. increased its holdings in shares of Ally Financial by 89.4% during the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock worth $38,000 after acquiring an additional 496 shares during the last quarter. Kestra Investment Management LLC acquired a new position in shares of Ally Financial during the 4th quarter worth approximately $43,000. UMB Bank n.a. increased its holdings in shares of Ally Financial by 218.8% during the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock worth $56,000 after acquiring an additional 1,061 shares during the last quarter. Harbour Investments Inc. increased its holdings in shares of Ally Financial by 38.5% during the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock worth $77,000 after acquiring an additional 595 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in Ally Financial in the 4th quarter valued at $78,000. 88.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ally Financial

In other news, insider Stephanie N. Richard sold 8,000 shares of the 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 completion of the sale, the insider now owns 90,387 shares of the company's stock, valued at approximately $2,905,038.18. This represents a 8.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Russell E. Hutchinson purchased 8,200 shares of the firm's stock in a transaction dated Tuesday, April 22nd. The stock was bought 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 owns 236,421 shares of the company's stock, valued at approximately $7,284,131.01. This trade represents a 3.59% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Jefferies Financial Group boosted their price target on Ally Financial from $35.00 to $40.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Royal Bank of Canada restated an "outperform" rating and issued a $40.00 price target on shares of Ally Financial in a research note on Monday, April 21st. Morgan Stanley reduced their price target on Ally Financial from $45.00 to $39.00 and set an "outperform" rating for the company 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. Wells Fargo & Company reduced their target price on Ally Financial from $34.00 to $32.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Finally, Truist Financial decreased their price objective on shares of Ally Financial from $45.00 to $41.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Ally Financial presently has a consensus rating of "Hold" and a consensus price target of $41.69.

Ally Financial Price Performance

Shares of ALLY stock traded down $0.86 on Wednesday, hitting $35.79. 3,216,204 shares of the company's stock were exchanged, compared to its average volume of 3,562,801. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market cap of $10.99 billion, a P/E ratio of 13.77, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14. Ally Financial Inc. has a 12 month low of $29.52 and a 12 month high of $45.46. The company has a 50 day moving average of $33.81 and a 200 day moving average of $35.96.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its earnings results 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. The firm 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 9.31% and a net margin of 11.29%. During the same period last year, the company earned $0.45 earnings per share. On average, equities research analysts predict that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.20 annualized dividend and a yield of 3.35%. Ally Financial's dividend payout ratio is presently 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.