Schonfeld Strategic Advisors LLC Trims Stake in Ally Financial Inc. (NYSE:ALLY)

Schonfeld Strategic Advisors LLC trimmed its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 64.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in ALLY. Principal Securities Inc. grew its stake in shares of Ally Financial by 89.4% during the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock worth $38,000 after acquiring an additional 496 shares during the last quarter. Kestra Investment Management LLC purchased a new position in shares of Ally Financial in the fourth quarter worth about $43,000. UMB Bank n.a. boosted its holdings in shares of Ally Financial by 218.8% in the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock valued at $56,000 after acquiring an additional 1,061 shares during the last quarter. Harbour Investments Inc. grew its position in Ally Financial by 38.5% during the 4th 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. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Ally Financial during the 4th quarter valued at about $78,000. 88.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Compass Point upgraded Ally Financial from a "neutral" rating to a "buy" rating and lifted their price target for the company from $37.00 to $41.00 in a research report on Monday, April 7th. Royal Bank of Canada reissued an "outperform" rating and issued a $40.00 price target on shares of Ally Financial in a research note on Monday, April 21st. The Goldman Sachs Group lifted their target price on shares of Ally Financial from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. Bank of America reduced their price target on shares of Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Finally, StockNews.com downgraded Ally Financial from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, Ally Financial presently has a consensus rating of "Hold" and an average target price of $41.69.

Insider Activity at Ally Financial

In related news, CFO Russell E. Hutchinson bought 8,200 shares of the stock in a transaction on Tuesday, April 22nd. The shares were 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. This trade represents a 3.59 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stephanie N. Richard sold 8,000 shares of the firm's 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 owns 90,387 shares of the company's stock, valued at $2,905,038.18. This trade represents a 8.13 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

Ally Financial Stock Down 1.4 %

Shares of ALLY stock traded down $0.45 on Tuesday, reaching $32.57. 3,076,033 shares of the stock were exchanged, compared to its average volume of 3,536,018. The company has a market capitalization of $10.00 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 0.32 and a beta of 1.14. The business's 50 day moving average price is $33.95 and its 200 day moving average price is $35.98. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. 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 released its quarterly earnings data 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 business had revenue of $1.54 billion for the quarter, compared to the consensus estimate 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 business posted $0.45 EPS. As a group, sell-side analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The business 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. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.20 annualized dividend and a yield of 3.68%. 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.