Price T Rowe Associates Inc. MD Sells 49,023 Shares of Ally Financial Inc. (NYSE:ALLY)

Price T Rowe Associates Inc. MD cut its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 20.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 193,992 shares of the financial services provider's stock after selling 49,023 shares during the period. Price T Rowe Associates Inc. MD owned 0.06% of Ally Financial worth $6,987,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ALLY. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Ally Financial by 2.1% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,332 shares of the financial services provider's stock valued at $552,000 after purchasing an additional 320 shares during the last quarter. Waterfront Wealth Inc. lifted its position in Ally Financial by 0.8% in the 4th quarter. Waterfront Wealth Inc. now owns 50,924 shares of the financial services provider's stock valued at $1,834,000 after acquiring an additional 389 shares in the last quarter. Principal Securities Inc. boosted its stake in shares of Ally Financial by 89.4% during the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock worth $38,000 after buying an additional 496 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Ally Financial by 2.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 21,409 shares of the financial services provider's stock worth $771,000 after purchasing an additional 500 shares during the period. Finally, Harbour Investments Inc. increased its stake in shares of Ally Financial by 38.5% during the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock worth $77,000 after purchasing an additional 595 shares during the period. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Truist Financial lowered 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. Jefferies Financial Group lifted their price objective on Ally Financial from $35.00 to $40.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Morgan Stanley cut their price target on shares of Ally Financial from $45.00 to $39.00 and set an "outperform" rating for the company in a research note 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 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. Finally, BTIG Research cut shares of Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price target on the stock. in a report on Tuesday, March 25th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $41.69.

Ally Financial Stock Up 1.5 %

Shares of ALLY traded up $0.49 during trading on Friday, reaching $33.99. The company's stock had a trading volume of 1,576,410 shares, compared to its average volume of 3,534,116. The company has a market cap of $10.44 billion, a price-to-earnings ratio of 13.07, a P/E/G ratio of 0.32 and a beta of 1.14. Ally Financial Inc. has a twelve month low of $29.52 and a twelve month high of $45.46. The company has a fifty day moving average of $33.74 and a two-hundred day moving average of $35.92. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51.

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 the consensus estimate of $0.43 by $0.15. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the business earned $0.45 earnings per share. On average, sell-side analysts predict that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Thursday, May 1st. Ally Financial's payout ratio is 88.24%.

Insider Buying and Selling at Ally Financial

In other Ally Financial news, CFO Russell E. Hutchinson bought 8,200 shares of Ally Financial stock in a transaction dated Tuesday, April 22nd. The stock was bought at an average cost of $30.81 per share, for a total transaction of $252,642.00. Following the purchase, the chief financial officer now owns 236,421 shares of the company's stock, valued at $7,284,131.01. The trade was a 3.59 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephanie N. Richard sold 8,000 shares of the business's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total transaction of $257,120.00. Following the completion of the sale, the insider now directly owns 90,387 shares of the company's stock, valued at approximately $2,905,038.18. The trade was a 8.13 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.