Rhumbline Advisers Sells 11,369 Shares of Ally Financial Inc. (NYSE:ALLY)

Rhumbline Advisers lessened its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 804,574 shares of the financial services provider’s stock after selling 11,369 shares during the quarter. Rhumbline Advisers’ holdings in Ally Financial were worth $28,973,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALLY. Assenagon Asset Management S.A. raised its position in Ally Financial by 233.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider’s stock valued at $87,509,000 after acquiring an additional 1,701,264 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of Ally Financial by 217.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider’s stock valued at $81,260,000 after purchasing an additional 1,563,008 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Ally Financial in the third quarter worth $21,571,000. 140 Summer Partners LP acquired a new stake in shares of Ally Financial in the third quarter worth $19,140,000. Finally, Franklin Resources Inc. lifted its stake in shares of Ally Financial by 184.7% in the third quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider’s stock worth $19,044,000 after buying an additional 345,210 shares during the last quarter. Institutional investors own 88.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ALLY. Citigroup boosted their price objective 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. Truist Financial boosted their price objective on shares of Ally Financial from $42.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Wells Fargo & Company boosted their price objective on shares of Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group boosted their price objective on shares of Ally Financial from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $43.76.

Ally Financial Trading Down 0.2 %

Shares of Ally Financial stock opened at $39.16 on Thursday. The firm has a market capitalization of $11.93 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 0.33 and a beta of 1.45. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. The company’s fifty day moving average price is $37.12 and its two-hundred day moving average price is $37.34. 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 quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.21. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 EPS. On average, analysts expect that Ally Financial Inc. will post 3.64 EPS for the current year.

Ally Financial Announces Dividend

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 of this dividend was Friday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.06%. Ally Financial’s dividend payout ratio is presently 46.15%.

Insider Activity

In other news, CFO Russell E. Hutchinson bought 19,100 shares of Ally Financial stock in a transaction dated Friday, January 24th. The shares were bought at an average price of $39.45 per share, for a total transaction of $753,495.00. Following the purchase, the chief financial officer now owns 202,845 shares of the company’s stock, valued at approximately $8,002,235.25. This trade represents a 10.39 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael George Rhodes purchased 25,634 shares of Ally Financial stock in a transaction that occurred on Monday, January 27th. The shares were bought at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the transaction, the chief executive officer now owns 25,634 shares in the company, 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. 0.67% of the stock is owned by corporate insiders.

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.