Voya Investment Management LLC Lowers Stock Position in Ally Financial Inc. (NYSE:ALLY)

Voya Investment Management LLC trimmed its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 21.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,567 shares of the financial services provider's stock after selling 12,543 shares during the quarter. Voya Investment Management LLC's holdings in Ally Financial were worth $1,641,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in Ally Financial in the fourth quarter valued at about $75,483,000. Assenagon Asset Management S.A. raised its position in shares of Ally Financial by 233.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider's stock valued at $87,509,000 after purchasing an additional 1,701,264 shares during the last quarter. Phoenix Financial Ltd. boosted its stake in Ally Financial by 86.4% in the 4th quarter. Phoenix Financial Ltd. now owns 3,390,066 shares of the financial services provider's stock worth $122,077,000 after purchasing an additional 1,571,027 shares in the last quarter. ANTIPODES PARTNERS Ltd grew its position in Ally Financial by 75.6% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 2,956,037 shares of the financial services provider's stock worth $106,455,000 after purchasing an additional 1,272,853 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in Ally Financial by 41.4% during the 4th quarter. First Trust Advisors LP now owns 3,458,352 shares of the financial services provider's stock valued at $124,535,000 after purchasing an additional 1,011,985 shares in the last quarter. Institutional investors own 88.76% of the company's stock.

Ally Financial Price Performance

Shares of ALLY traded up $1.10 during mid-day trading on Friday, hitting $34.60. 4,654,743 shares of the company were exchanged, compared to its average volume of 3,563,745. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. Ally Financial Inc. has a 1-year low of $29.52 and a 1-year high of $45.46. The stock has a market cap of $10.63 billion, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14. The company has a 50 day moving average of $33.74 and a 200-day moving average of $35.93.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.58 EPS for the quarter, topping the consensus estimate 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 previous year, the business earned $0.45 earnings per share. Analysts expect that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently disclosed 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 of this dividend is Thursday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.47%. Ally Financial's payout ratio is 88.24%.

Wall Street Analysts Forecast Growth

ALLY has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their price objective on shares of Ally Financial from $45.00 to $50.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. Truist Financial reduced 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. BTIG Research lowered Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 target price on the stock. in a research report on Tuesday, March 25th. Morgan Stanley decreased their price objective 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. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $40.00 price objective on shares of Ally Financial in a research note on Monday, April 21st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $41.69.

Insiders Place Their Bets

In related news, insider Stephanie N. Richard sold 8,000 shares of the company's stock in a transaction dated Wednesday, April 30th. The shares were 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 owns 90,387 shares of the company's stock, valued at approximately $2,905,038.18. This represents a 8.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Russell E. Hutchinson bought 8,200 shares of Ally Financial stock in a transaction on Tuesday, April 22nd. The shares were 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 of the company's stock, valued at $7,284,131.01. This trade represents a 3.59 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company's stock.

Ally Financial Company 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.