Nebula Research & Development LLC Takes $1.07 Million Position in Ally Financial Inc. (NYSE:ALLY)

Nebula Research & Development LLC acquired a new position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 29,797 shares of the financial services provider's stock, valued at approximately $1,073,000.

Other institutional investors have also recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in Ally Financial in the 3rd quarter worth about $450,000. Tidal Investments LLC grew its holdings in shares of Ally Financial by 5.8% in the third quarter. Tidal Investments LLC now owns 25,999 shares of the financial services provider's stock valued at $925,000 after acquiring an additional 1,416 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Ally Financial by 184.7% during the third quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider's stock valued at $19,044,000 after acquiring an additional 345,210 shares during the last quarter. Everence Capital Management Inc. purchased a new position in Ally Financial in the fourth quarter worth $297,000. Finally, Oak Thistle LLC bought a new position in Ally Financial in the 4th quarter valued at $1,112,000. Institutional investors own 88.76% of the company's stock.

Ally Financial Price Performance

Shares of ALLY traded down $0.25 during trading hours on Wednesday, reaching $32.65. 4,300,667 shares of the company's stock traded hands, compared to its average volume of 3,542,059. 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 firm's 50 day simple moving average is $34.28 and its 200-day simple moving average is $36.05. The stock has a market cap of $10.03 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 0.32 and a beta of 1.12. Ally Financial Inc. has a 12 month low of $29.52 and a 12 month high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.15. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $2.04 billion. During the same period last year, the firm posted $0.45 EPS. Equities analysts expect that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.68%. Ally Financial's dividend payout ratio (DPR) is currently 88.24%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Truist Financial cut their price target on shares of Ally Financial from $45.00 to $41.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group raised their price target on shares of Ally Financial from $35.00 to $40.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Morgan Stanley lowered their price target on shares of Ally Financial from $45.00 to $39.00 and set an "outperform" rating on the stock 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. JPMorgan Chase & Co. reduced their price objective on Ally Financial from $43.00 to $36.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, The Goldman Sachs Group upped their price target on Ally Financial from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. Two equities 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 company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $41.69.

Insider Transactions at Ally Financial

In other news, CFO Russell E. Hutchinson purchased 8,200 shares of the company's stock in a transaction on Tuesday, April 22nd. The stock was 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 directly owns 236,421 shares of the company's stock, valued at approximately $7,284,131.01. This represents a 3.59 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.67% of the company's stock.

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.