Point72 Hong Kong Ltd Purchases 47,183 Shares of Ally Financial Inc. (NYSE:ALLY)

Point72 Hong Kong Ltd lifted its position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 843.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,779 shares of the financial services provider's stock after buying an additional 47,183 shares during the period. Point72 Hong Kong Ltd's holdings in Ally Financial were worth $1,901,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ALLY. ProShare Advisors LLC boosted its stake in Ally Financial by 7.4% in the fourth quarter. ProShare Advisors LLC now owns 12,833 shares of the financial services provider's stock worth $462,000 after buying an additional 882 shares in the last quarter. Quantinno Capital Management LP raised its stake in shares of Ally Financial by 93.8% during the fourth quarter. Quantinno Capital Management LP now owns 62,193 shares of the financial services provider's stock worth $2,240,000 after acquiring an additional 30,098 shares in the last quarter. Man Group plc raised its stake in shares of Ally Financial by 40.2% during the fourth quarter. Man Group plc now owns 276,812 shares of the financial services provider's stock worth $9,968,000 after acquiring an additional 79,428 shares in the last quarter. OMERS ADMINISTRATION Corp raised its stake in shares of Ally Financial by 20.1% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 11,348 shares of the financial services provider's stock worth $409,000 after acquiring an additional 1,903 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ally Financial by 49.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,002 shares of the financial services provider's stock worth $1,909,000 after acquiring an additional 17,450 shares in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on ALLY. Wells Fargo & Company decreased their price objective on Ally Financial from $34.00 to $32.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. JPMorgan Chase & Co. reduced their price target on Ally Financial from $43.00 to $36.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Compass Point upgraded Ally Financial from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $37.00 to $41.00 in a research report on Monday, April 7th. Truist Financial dropped their price objective 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, Bank of America decreased their target price on shares of Ally Financial from $42.00 to $38.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $41.69.

Ally Financial Stock Up 0.1%

ALLY traded up $0.03 on Monday, hitting $36.06. The company had a trading volume of 1,692,573 shares, compared to its average volume of 3,561,459. The stock has a fifty day simple moving average of $33.91 and a 200-day simple moving average of $35.98. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $11.08 billion, a P/E ratio of 13.87, a P/E/G ratio of 0.32 and a beta of 1.14. Ally Financial Inc. has a 52-week low of $29.52 and a 52-week high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.15. The company 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 last year, the business posted $0.45 EPS. As a group, equities analysts expect that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders 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 dividend yield of 3.33%. The ex-dividend date was Thursday, May 1st. Ally Financial's dividend payout ratio (DPR) is presently 88.24%.

Insider Activity

In related news, CFO Russell E. Hutchinson purchased 8,200 shares of the business's stock in a transaction that occurred on Tuesday, April 22nd. The shares were bought at an average price of $30.81 per share, for a total transaction of $252,642.00. Following the purchase, 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 can be accessed through this link. Also, insider Stephanie N. Richard sold 8,000 shares of the business's stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total value of $257,120.00. Following the completion of the sale, the insider now directly owns 90,387 shares in the company, valued at $2,905,038.18. This trade represents a 8.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.67% of the company's stock.

About Ally Financial

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.