Ally Financial Inc. (NYSE:ALLY) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 9.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 97,878 shares of the financial services provider’s stock after selling 10,279 shares during the period. New York State Teachers Retirement System’s holdings in Ally Financial were worth $3,525,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Venturi Wealth Management LLC lifted its position in Ally Financial by 153.9% during the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock worth $34,000 after buying an additional 577 shares during the period. Allworth Financial LP lifted its position in Ally Financial by 41.9% during the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock worth $51,000 after buying an additional 421 shares during the period. UMB Bank n.a. lifted its position in 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 worth $56,000 after buying an additional 1,061 shares during the period. Brooklyn Investment Group purchased a new position in Ally Financial during the third quarter worth about $63,000. Finally, Van ECK Associates Corp purchased a new position in Ally Financial during the fourth quarter worth about $85,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on ALLY shares. Barclays increased their target price on Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Wolfe Research downgraded Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. Truist Financial raised their price objective on Ally Financial from $42.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Jefferies Financial Group raised their price objective on Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company raised their price objective on Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $43.76.

Ally Financial Trading Down 3.6 %

NYSE ALLY opened at $37.51 on Friday. The stock has a market cap of $11.43 billion, a P/E ratio of 14.43, a PEG ratio of 0.34 and a beta of 1.45. The company’s fifty day simple moving average is $37.17 and its 200-day simple moving average is $37.37. 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 52 week low of $31.95 and a 52 week high of $45.46.

Ally Financial (NYSE:ALLY) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.21. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. Equities research analysts predict that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.30 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.20%. Ally Financial’s dividend payout ratio (DPR) is presently 46.15%.

Insider Activity

In related news, CFO Russell E. Hutchinson purchased 19,100 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were purchased at an average cost of $39.45 per share, with a total value of $753,495.00. Following the completion of the acquisition, the chief financial officer now directly owns 202,845 shares of the company’s stock, valued at approximately $8,002,235.25. The trade was a 10.39 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael George Rhodes purchased 25,634 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was bought at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the acquisition, the chief executive officer now directly owns 25,634 shares of the company’s stock, valued at $1,002,033.06. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.