Voya Investment Management LLC Has $1.64 Million Stake in Ally Financial Inc. (NYSE:ALLY)

Voya Investment Management LLC lowered its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 21.6% during the 4th quarter, according to its most recent disclosure with the Securities and 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 filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Principal Securities Inc. boosted its stake in Ally Financial by 89.4% during the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock valued at $38,000 after buying an additional 496 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in Ally Financial during the fourth quarter valued at about $43,000. UMB Bank n.a. boosted its holdings in shares of Ally Financial by 218.8% in the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock worth $56,000 after buying an additional 1,061 shares during the period. Harbour Investments Inc. increased its position in shares of Ally Financial by 38.5% in the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock worth $77,000 after acquiring an additional 595 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Ally Financial during the fourth quarter valued at approximately $78,000. Institutional investors own 88.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ALLY. Truist Financial cut their target price 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 price objective for the stock from $37.00 to $41.00 in a research note on Monday, April 7th. StockNews.com cut Ally Financial from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price target on shares of Ally Financial from $43.00 to $36.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, BTIG Research lowered shares of Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price objective on the stock. 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 assigned a buy rating to the company. According to MarketBeat.com, Ally Financial presently has a consensus rating of "Hold" and a consensus target price of $41.69.

Ally Financial Stock Performance

Shares of Ally Financial stock traded up $0.01 on Wednesday, reaching $32.55. The stock had a trading volume of 2,169,973 shares, compared to its average volume of 3,538,591. Ally Financial Inc. has a fifty-two week low of $29.52 and a fifty-two week high of $45.46. The business's 50-day moving average price is $33.87 and its two-hundred day moving average price is $35.95. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $10.00 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly 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. The company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $2.04 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. During the same period in the prior year, the company earned $0.45 earnings per share. On average, sell-side analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current 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 given a $0.30 dividend. This represents a $1.20 annualized dividend 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%.

Insider Transactions at Ally Financial

In related news, insider Stephanie N. Richard sold 8,000 shares of the business's stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total value of $257,120.00. Following the sale, the insider now owns 90,387 shares of the company's stock, valued at $2,905,038.18. The trade was a 8.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Russell E. Hutchinson purchased 8,200 shares of the stock in a transaction on Tuesday, April 22nd. The stock was bought at an average price of $30.81 per share, for a total transaction of $252,642.00. Following the completion of the transaction, the chief financial officer now directly owns 236,421 shares of the company's stock, valued at approximately $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 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.