Lighthouse Investment Partners LLC Lowers Stock Position in Ally Financial Inc. (NYSE:ALLY)

Lighthouse Investment Partners LLC decreased its holdings in Ally Financial Inc. (NYSE:ALLY - Free Report) by 76.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,050 shares of the financial services provider's stock after selling 91,906 shares during the quarter. Lighthouse Investment Partners LLC's holdings in Ally Financial were worth $1,010,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ALLY. Principal Securities Inc. lifted its position in 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 period. Kestra Investment Management LLC purchased a new position in shares of Ally Financial during the 4th quarter valued at about $43,000. UMB Bank n.a. increased 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 valued at $56,000 after purchasing an additional 1,061 shares in the last quarter. Harbour Investments Inc. raised its holdings in Ally Financial by 38.5% in the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock worth $77,000 after purchasing an additional 595 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new position in Ally Financial in the 4th quarter worth about $78,000. Institutional investors and hedge funds own 88.76% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ALLY shares. 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 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. Truist Financial reduced their target price on 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. reduced their target price on Ally Financial from $43.00 to $36.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Jefferies Financial Group upped their price target on Ally Financial from $35.00 to $40.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Finally, StockNews.com upgraded Ally Financial from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, Ally Financial 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 Ally Financial 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 sale, the insider now owns 90,387 shares in the company, valued at approximately $2,905,038.18. The trade was a 8.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Russell E. Hutchinson purchased 8,200 shares of the company's stock in a transaction that occurred on Tuesday, April 22nd. The stock was bought at an average price of $30.81 per share, for a total transaction of $252,642.00. Following the transaction, the chief financial officer now directly owns 236,421 shares in the company, valued at $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 company insiders.

Ally Financial Stock Down 0.5%

Shares of NYSE ALLY traded down $0.19 during mid-day trading on Tuesday, hitting $35.90. The company had a trading volume of 357,625 shares, compared to its average volume of 3,548,786. The company has a market capitalization of $11.03 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. Ally Financial Inc. has a 1-year low of $29.52 and a 1-year high of $45.46. The business's 50-day simple moving average is $33.95 and its 200 day simple moving average is $35.99.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its quarterly earnings results 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 company 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 in the previous year, the business earned $0.45 EPS. On average, analysts predict that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend was Thursday, May 1st. Ally Financial's dividend payout ratio (DPR) is 88.24%.

Ally Financial Company 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.