Sumitomo Mitsui Trust Group Inc. Reduces Stock Position in Ally Financial Inc. (NYSE:ALLY)

Sumitomo Mitsui Trust Group Inc. reduced its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 603,125 shares of the financial services provider’s stock after selling 29,046 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.20% of Ally Financial worth $21,719,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC lifted its stake in shares of Ally Financial by 153.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock valued at $34,000 after buying an additional 577 shares in the last quarter. Allworth Financial LP lifted its stake in Ally Financial by 41.9% in the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 421 shares in the last quarter. UMB Bank n.a. lifted its stake in Ally Financial by 218.8% in the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 1,061 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Ally Financial in the 3rd quarter worth approximately $63,000. Finally, Rakuten Securities Inc. lifted its stake in Ally Financial by 65,375.0% in the 3rd quarter. Rakuten Securities Inc. now owns 2,619 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 2,615 shares in the last quarter. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ALLY has been the topic of several recent analyst reports. Citigroup increased their target price on shares of Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Barclays increased their price target on shares of Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Truist Financial increased their price target on shares of 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 increased their price target on shares of Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Finally, Raymond James raised shares of Ally Financial from an “underperform” rating to a “market perform” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Ally Financial currently has an average rating of “Hold” and an average target price of $43.76.

Ally Financial Price Performance

Shares of Ally Financial stock opened at $37.25 on Thursday. The company’s fifty day simple moving average is $37.17 and its two-hundred day simple moving average is $37.53. Ally Financial Inc. has a 12-month low of $31.95 and a 12-month high of $45.46. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The firm has a market cap of $11.35 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 0.43 and a beta of 1.45.

Ally Financial (NYSE:ALLY) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same period last year, the company posted $0.45 EPS. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, equities analysts expect that Ally Financial Inc. will post 3.69 EPS for the current year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.30 per share. The ex-dividend date is Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.22%. Ally Financial’s dividend payout ratio (DPR) is currently 46.15%.

Insider Activity at Ally Financial

In other Ally Financial news, CEO Michael George Rhodes bought 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 transaction, the chief executive officer now owns 25,634 shares of the company’s stock, valued at $1,002,033.06. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the stock in a transaction on Friday, January 24th. The shares were purchased at an average cost of $39.45 per share, for a total transaction of $753,495.00. Following the acquisition, the chief financial officer now directly owns 202,845 shares of the company’s stock, valued at approximately $8,002,235.25. This represents a 10.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by corporate insiders.

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.