Schonfeld Strategic Advisors LLC Sells 241,114 Shares of Ally Financial Inc. (NYSE:ALLY)

Schonfeld Strategic Advisors LLC lowered its position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 64.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 133,220 shares of the financial services provider's stock after selling 241,114 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Ally Financial were worth $4,797,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Virtu Financial LLC acquired a new stake in Ally Financial during the third quarter valued at approximately $450,000. Tidal Investments LLC raised its stake in Ally Financial by 5.8% during the third quarter. Tidal Investments LLC now owns 25,999 shares of the financial services provider's stock worth $925,000 after acquiring an additional 1,416 shares during the period. Franklin Resources Inc. lifted its holdings in Ally Financial by 184.7% in the third quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider's stock worth $19,044,000 after acquiring an additional 345,210 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in shares of Ally Financial during the 4th quarter worth approximately $297,000. Finally, Oak Thistle LLC acquired a new position in Ally Financial during the 4th quarter valued at approximately $1,112,000. Institutional investors and hedge funds own 88.76% of the company's stock.

Ally Financial Price Performance

Shares of Ally Financial stock traded up $1.00 during trading hours on Thursday, reaching $33.51. The stock had a trading volume of 558,728 shares, compared to its average volume of 3,526,959. 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's 50 day moving average is $33.78 and its 200 day moving average is $35.93. The firm has a market capitalization of $10.29 billion, a PE ratio of 12.91, a PEG 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.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.15. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates 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 in the prior year, the company earned $0.45 EPS. Equities analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.30 dividend. The ex-dividend date is Thursday, May 1st. This represents a $1.20 annualized dividend and a yield of 3.58%. Ally Financial's dividend payout ratio (DPR) is presently 88.24%.

Insider Buying and Selling

In related news, CFO Russell E. Hutchinson acquired 8,200 shares of the company's stock in a transaction on Tuesday, April 22nd. The shares were purchased 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 owns 236,421 shares in the company, valued at $7,284,131.01. This represents a 3.59 % increase in their ownership of the stock. 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 stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total value of $257,120.00. Following the transaction, the insider now owns 90,387 shares in the company, valued at approximately $2,905,038.18. This trade represents 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.

Analyst Ratings Changes

ALLY has been the topic of a number of analyst reports. The Goldman Sachs Group increased their price objective on shares of Ally Financial from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Tuesday, April 1st. Bank of America decreased their target price on shares of Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a report on Monday, April 7th. Morgan Stanley lowered their price target on Ally Financial from $45.00 to $39.00 and set an "outperform" rating on the stock in a 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 objective on Ally Financial from $45.00 to $41.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company reduced their price objective on shares of Ally Financial from $34.00 to $32.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $41.69.

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.