Ally Financial Inc. (NYSE:ALLY) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC decreased its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 8.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,557,469 shares of the financial services provider's stock after selling 137,343 shares during the period. Ally Financial comprises approximately 1.0% of Wedge Capital Management L L P NC's portfolio, making the stock its 18th biggest holding. Wedge Capital Management L L P NC owned about 0.52% of Ally Financial worth $54,387,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. OLD National Bancorp IN grew its holdings in shares of Ally Financial by 6.3% in the fourth quarter. OLD National Bancorp IN now owns 792,897 shares of the financial services provider's stock worth $27,688,000 after purchasing an additional 47,139 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Ally Financial by 2,376.6% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 514,548 shares of the financial services provider's stock worth $17,968,000 after purchasing an additional 493,772 shares during the last quarter. abrdn plc grew its holdings in shares of Ally Financial by 24.7% in the fourth quarter. abrdn plc now owns 330,033 shares of the financial services provider's stock worth $11,525,000 after purchasing an additional 65,354 shares during the last quarter. Xponance Inc. grew its holdings in shares of Ally Financial by 1.4% in the fourth quarter. Xponance Inc. now owns 33,366 shares of the financial services provider's stock worth $1,165,000 after purchasing an additional 472 shares during the last quarter. Finally, Rakuten Securities Inc. bought a new stake in Ally Financial in the fourth quarter valued at $67,000. Institutional investors own 88.76% of the company's stock.

Ally Financial Stock Up 1.8 %

Shares of ALLY traded up $0.71 during trading hours on Monday, hitting $39.76. The company had a trading volume of 4,131,151 shares, compared to its average volume of 4,014,155. The firm has a fifty day moving average price of $37.76 and a 200-day moving average price of $33.13. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $12.09 billion, a price-to-earnings ratio of 16.23, a P/E/G ratio of 0.58 and a beta of 1.40. Ally Financial Inc. has a 52-week low of $22.54 and a 52-week high of $41.56.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.12. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. Ally Financial had a return on equity of 8.35% and a net margin of 10.59%. Ally Financial's quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 EPS. On average, equities research analysts forecast that Ally Financial Inc. will post 2.9 EPS for the current fiscal year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Tuesday, April 30th. Ally Financial's dividend payout ratio is presently 48.98%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Compass Point lifted their price target on shares of Ally Financial from $28.00 to $37.00 and gave the company a "neutral" rating in a report on Thursday, April 11th. Barclays lifted their price target on shares of Ally Financial from $32.00 to $43.00 and gave the company an "equal weight" rating in a report on Tuesday, January 2nd. Wells Fargo & Company lifted their price target on shares of Ally Financial from $29.00 to $33.00 and gave the company an "underweight" rating in a report on Wednesday, April 10th. StockNews.com upgraded shares of Ally Financial from a "sell" rating to a "hold" rating in a report on Wednesday, April 17th. Finally, TheStreet raised Ally Financial from a "c+" rating to a "b-" rating in a research report on Thursday, January 11th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Ally Financial presently has a consensus rating of "Hold" and an average target price of $38.47.

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.