Westbourne Investments Inc. Acquires Shares of 35,435 Ally Financial Inc. (NYSE:ALLY)

Westbourne Investments Inc. bought a new stake in Ally Financial Inc. (NYSE:ALLY - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 35,435 shares of the financial services provider's stock, valued at approximately $1,276,000.

Several other hedge funds have also made changes to their positions in the stock. Principal Securities Inc. boosted its holdings 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 purchasing an additional 496 shares in the last quarter. Kestra Investment Management LLC acquired a new position in Ally Financial during the fourth quarter worth $43,000. UMB Bank n.a. lifted its holdings in shares of Ally Financial by 218.8% during the fourth 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 period. Harbour Investments Inc. boosted its stake in shares of Ally Financial by 38.5% in the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock valued at $77,000 after purchasing an additional 595 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Ally Financial in the 4th quarter worth about $78,000. Institutional investors own 88.76% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Morgan Stanley reduced their price target on shares of Ally Financial from $45.00 to $39.00 and set an "outperform" rating on the stock 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. The Goldman Sachs Group increased their price target on Ally Financial from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Tuesday, April 1st. JPMorgan Chase & Co. cut their price objective on Ally Financial from $43.00 to $36.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Compass Point upgraded Ally Financial from a "neutral" rating to a "buy" rating and increased their target price for the stock from $37.00 to $41.00 in a report on Monday, April 7th. Finally, Wells Fargo & Company cut their price target on Ally Financial from $34.00 to $32.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $41.69.

Ally Financial Stock Down 1.5 %

ALLY traded down $0.50 during trading on Tuesday, reaching $32.53. The company had a trading volume of 555,984 shares, compared to its average volume of 4,247,508. The business's fifty day moving average price is $33.95 and its 200 day moving average price is $35.98. The company has a market cap of $9.99 billion, a P/E ratio of 12.52, a PEG ratio of 0.32 and a beta of 1.14. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. Ally Financial Inc. has a 12 month low of $29.52 and a 12 month high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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 last year, the company earned $0.45 earnings per share. Equities analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The business 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 dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend is Thursday, May 1st. Ally Financial's dividend payout ratio (DPR) is 88.24%.

Insider Transactions at Ally Financial

In other Ally Financial news, insider Stephanie N. Richard sold 8,000 shares of the stock in a transaction 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 completion of the sale, the insider now owns 90,387 shares in the company, 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 legal filing with the SEC, which is available through this link. Also, CFO Russell E. Hutchinson acquired 8,200 shares of the stock in a transaction dated 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 completion of the purchase, the chief financial officer now directly owns 236,421 shares in the company, valued at $7,284,131.01. The trade was a 3.59 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company's stock.

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.