Price T Rowe Associates Inc. MD Decreases Stake in Ally Financial Inc. (NYSE:ALLY)

Price T Rowe Associates Inc. MD reduced its stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 20.2% during the 4th quarter, according to its most recent filing with the 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 approximately 0.06% of Ally Financial worth $6,987,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ALLY. Oak Thistle LLC purchased a new position in Ally Financial in the fourth quarter valued at $1,112,000. Wealthcare Advisory Partners LLC acquired a new position in Ally Financial in the 4th quarter worth about $461,000. Franklin Resources Inc. boosted its position in Ally Financial by 184.7% during the third quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider's stock worth $19,044,000 after purchasing an additional 345,210 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Ally Financial by 11.6% in the fourth quarter. New York State Common Retirement Fund now owns 189,643 shares of the financial services provider's stock valued at $6,829,000 after buying an additional 19,785 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its stake in shares of Ally Financial by 16.1% during the 4th quarter. Kestra Private Wealth Services LLC now owns 147,933 shares of the financial services provider's stock worth $5,327,000 after buying an additional 20,569 shares during the period. Hedge funds and other institutional investors own 88.76% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on ALLY shares. JPMorgan Chase & Co. cut their price target on shares of Ally Financial from $43.00 to $36.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Morgan Stanley reduced 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 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. Truist Financial decreased their price target on shares of Ally Financial from $45.00 to $41.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Compass Point raised Ally Financial from a "neutral" rating to a "buy" rating and increased their target price for the company from $37.00 to $41.00 in a report on Monday, April 7th. Finally, BTIG Research downgraded Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price objective for the company. in a research note on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $41.69.

Insider Buying and Selling at Ally Financial

In related news, insider Stephanie N. Richard sold 8,000 shares of the stock in a transaction on Wednesday, April 30th. The stock was 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 $2,905,038.18. This trade represents a 8.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Russell E. Hutchinson acquired 8,200 shares of the company's stock in a transaction on Tuesday, April 22nd. The stock was purchased at an average cost of $30.81 per share, for a total transaction of $252,642.00. Following the completion of the purchase, the chief financial officer now directly owns 236,421 shares in the company, valued at $7,284,131.01. This trade represents a 3.59 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by company insiders.

Ally Financial Stock Up 0.0 %

Shares of NYSE ALLY traded up $0.01 during mid-day trading on Wednesday, reaching $32.55. The company had a trading volume of 2,169,973 shares, compared to its average volume of 3,533,312. The firm has a 50 day simple moving average of $33.87 and a two-hundred day simple moving average of $35.95. Ally Financial Inc. has a 52-week low of $29.52 and a 52-week high of $45.46. 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 stock has a market cap of $10.00 billion, a P/E ratio of 12.52, a PEG ratio of 0.32 and a beta of 1.14.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share (EPS) 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 firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $2.04 billion. During the same period in the prior year, the firm earned $0.45 EPS. Sell-side analysts predict that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Thursday, May 1st. Ally Financial's dividend payout ratio is currently 88.24%.

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.