Natixis Sells 26,492 Shares of Ally Financial Inc. (NYSE:ALLY)

Natixis lessened its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 91.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,605 shares of the financial services provider's stock after selling 26,492 shares during the period. Natixis' holdings in Ally Financial were worth $94,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. MetLife Investment Management LLC increased its stake in shares of Ally Financial by 8.9% in the fourth quarter. MetLife Investment Management LLC now owns 156,242 shares of the financial services provider's stock valued at $5,626,000 after purchasing an additional 12,817 shares during the period. Ossiam raised its stake in Ally Financial by 72.1% during the 4th quarter. Ossiam now owns 19,710 shares of the financial services provider's stock valued at $710,000 after acquiring an additional 8,260 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in Ally Financial by 24.6% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,256 shares of the financial services provider's stock worth $369,000 after acquiring an additional 2,028 shares during the period. First Trust Advisors LP grew its stake in shares of Ally Financial by 41.4% in the fourth quarter. First Trust Advisors LP now owns 3,458,352 shares of the financial services provider's stock worth $124,535,000 after purchasing an additional 1,011,985 shares in the last quarter. Finally, Forum Financial Management LP acquired a new position in shares of Ally Financial during the fourth quarter valued at $318,000. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Stock Up 0.1 %

Shares of NYSE:ALLY traded up $0.05 during midday trading on Thursday, hitting $32.41. 652,765 shares of the stock were exchanged, compared to its average volume of 3,529,558. The business's fifty day simple moving average is $34.19 and its two-hundred day simple moving average is $36.03. 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 Inc. has a 52-week low of $29.52 and a 52-week high of $45.46. The company has a market capitalization of $9.95 billion, a PE ratio of 12.49, a P/E/G ratio of 0.32 and a beta of 1.12.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its quarterly 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 business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $2.04 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. During the same quarter in the previous year, the business posted $0.45 EPS. As a group, research analysts predict that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Thursday, May 1st. Ally Financial's payout ratio is presently 88.24%.

Insider Buying and Selling

In other news, CFO Russell E. Hutchinson purchased 8,200 shares of the company's stock in a transaction dated Tuesday, April 22nd. The shares were bought at an average price of $30.81 per share, with a total value of $252,642.00. Following the completion of 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ALLY shares. Morgan Stanley decreased their price objective on shares of 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. Jefferies Financial Group increased 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. Wells Fargo & Company dropped their price objective on Ally Financial from $34.00 to $32.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Truist Financial decreased their target price on Ally Financial from $45.00 to $41.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, The Goldman Sachs Group upped their price target on shares of Ally Financial from $45.00 to $50.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $41.69.

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.