State of Alaska Department of Revenue Has $1.17 Million Stock Position in Ally Financial Inc. (NYSE:ALLY)

State of Alaska Department of Revenue increased its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 2.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,190 shares of the financial services provider’s stock after buying an additional 920 shares during the period. State of Alaska Department of Revenue’s holdings in Ally Financial were worth $1,173,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ALLY. Copia Wealth Management acquired a new position in Ally Financial during the 1st quarter worth about $27,000. Principal Securities Inc. lifted its position in Ally Financial by 89.4% during the 4th 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 during the period. Harbour Investments Inc. lifted 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 valued at $77,000 after purchasing an additional 595 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Ally Financial during the 4th quarter valued at about $78,000. Finally, Fifth Third Bancorp lifted its position in Ally Financial by 22.3% during the 1st quarter. Fifth Third Bancorp now owns 2,519 shares of the financial services provider’s stock valued at $92,000 after purchasing an additional 459 shares during the period. Institutional investors and hedge funds own 88.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ALLY shares. Bank of America cut their target price on shares of Ally Financial from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, April 7th. Wells Fargo & Company cut their target price on shares of Ally Financial from $34.00 to $32.00 and set an “underweight” rating on the stock in a research report on Monday, April 21st. The Goldman Sachs Group upped 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. JPMorgan Chase & Co. cut their target price on shares of Ally Financial from $43.00 to $36.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Finally, Morgan Stanley cut their target price 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. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Ally Financial currently has a consensus rating of “Hold” and a consensus target price of $41.88.

Insider Buying and Selling

In other Ally Financial news, CFO Russell E. Hutchinson purchased 8,200 shares of the firm’s stock in a transaction dated Tuesday, April 22nd. The stock was bought at an average cost of $30.81 per share, with a total value of $252,642.00. Following the purchase, the chief financial officer now directly owns 236,421 shares of the company’s stock, valued at $7,284,131.01. The trade was a 3.59% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Stephanie N. Richard sold 8,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 90,387 shares of the company’s stock, valued at $2,905,038.18. This represents a 8.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

Ally Financial Stock Performance

Shares of NYSE:ALLY opened at $38.15 on Thursday. The company has a market capitalization of $11.72 billion, a price-to-earnings ratio of 28.05, a P/E/G ratio of 0.36 and a beta of 1.14. The firm’s 50 day simple moving average is $34.77 and its 200 day simple moving average is $35.69. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.90 and a quick ratio of 0.90. Ally Financial Inc. has a fifty-two week low of $29.52 and a fifty-two week high of $45.46.

Ally Financial (NYSE:ALLY) last posted its earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.15. Ally Financial had a return on equity of 9.53% and a net margin of 6.96%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the prior year, the business earned $0.45 EPS. As a group, sell-side analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.15%. Ally Financial’s payout ratio is 88.24%.

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.