National Bank of Canada FI Has $58,000 Stock Position in Ally Financial Inc. (NYSE:ALLY)

National Bank of Canada FI lessened its stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 99.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,645 shares of the financial services provider's stock after selling 293,282 shares during the quarter. National Bank of Canada FI's holdings in Ally Financial were worth $58,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Amalgamated Bank boosted its stake in Ally Financial by 6.6% during the 4th quarter. Amalgamated Bank now owns 184,093 shares of the financial services provider's stock valued at $6,429,000 after purchasing an additional 11,412 shares during the period. Los Angeles Capital Management LLC bought a new stake in Ally Financial during the 4th quarter valued at approximately $2,019,000. Natixis Advisors L.P. bought a new stake in Ally Financial during the 4th quarter valued at approximately $955,000. First Trust Direct Indexing L.P. boosted its stake in Ally Financial by 14.1% during the 4th quarter. First Trust Direct Indexing L.P. now owns 10,332 shares of the financial services provider's stock valued at $361,000 after purchasing an additional 1,278 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of Ally Financial by 17.1% in the 4th quarter. Victory Capital Management Inc. now owns 91,263 shares of the financial services provider's stock worth $3,187,000 after acquiring an additional 13,352 shares during the period. Institutional investors own 88.76% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on ALLY shares. StockNews.com upgraded Ally Financial from a "sell" rating to a "hold" rating in a research report on Friday, April 26th. Morgan Stanley upgraded Ally Financial from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $37.00 to $47.00 in a research report on Thursday, February 8th. Evercore ISI raised their price objective on Ally Financial from $41.00 to $43.00 and gave the stock an "in-line" rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. downgraded Ally Financial from a "neutral" rating to an "underweight" rating and raised their price objective for the stock from $37.00 to $39.00 in a research report on Wednesday, April 3rd. Finally, BMO Capital Markets raised their price objective on Ally Financial from $36.00 to $37.00 and gave the stock a "market perform" rating in a research report on Friday, April 19th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Ally Financial currently has a consensus rating of "Hold" and a consensus price target of $38.47.

Ally Financial Price Performance

ALLY stock traded down $0.26 during midday trading on Friday, reaching $40.12. 1,389,547 shares of the company's stock traded hands, compared to its average volume of 3,036,474. The company has a 50-day simple moving average of $38.96 and a two-hundred day simple moving average of $35.15. Ally Financial Inc. has a 1-year low of $22.54 and a 1-year high of $41.77. The company has a market cap of $12.20 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 0.49 and a beta of 1.39. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.50.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.12. Ally Financial had a return on equity of 8.35% and a net margin of 10.59%. The firm had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.96 billion. During the same period last year, the firm posted $0.82 EPS. The business's revenue was down 5.4% on a year-over-year basis. On average, analysts anticipate that Ally Financial Inc. will post 3 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $1.20 dividend on an annualized basis and a yield of 2.99%. Ally Financial's payout ratio is 48.98%.

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.