Edgestream Partners L.P. Takes $3.03 Million Position in Ally Financial Inc. (NYSE:ALLY)

Edgestream Partners L.P. purchased a new position in shares of Ally Financial Inc. (NYSE:ALLY) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 84,066 shares of the financial services provider’s stock, valued at approximately $3,027,000.

Other institutional investors have also bought and sold shares of the company. Venturi Wealth Management LLC lifted its position in Ally Financial by 153.9% during the 3rd 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 in the last quarter. Principal Securities Inc. raised its holdings in Ally Financial by 89.4% in the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 496 shares during the period. Kestra Investment Management LLC bought a new position in shares of Ally Financial during the fourth quarter worth $43,000. UMB Bank n.a. grew its stake in Ally Financial by 218.8% in 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. Finally, Brooklyn Investment Group bought a new stake in Ally Financial during the 3rd quarter worth approximately $63,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Trading Down 0.9 %

Shares of ALLY opened at $34.68 on Friday. Ally Financial Inc. has a twelve month low of $31.95 and a twelve month high of $45.46. The stock has a market capitalization of $10.65 billion, a P/E ratio of 13.34, a PEG ratio of 0.32 and a beta of 1.40. 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 fifty day simple moving average of $37.22 and a two-hundred day simple moving average of $36.97.

Ally Financial (NYSE:ALLY) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the previous year, the business posted $0.45 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis. On average, research analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.46%. Ally Financial’s payout ratio is 46.15%.

Insider Transactions at Ally Financial

In other news, CEO Michael George Rhodes bought 25,634 shares of the firm’s stock in a transaction 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 purchase, the chief executive officer now owns 25,634 shares in the company, valued at approximately $1,002,033.06. The trade was a ∞ increase in their ownership of the stock. The purchase 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 company’s stock in a transaction on Friday, January 24th. The stock was purchased at an average price of $39.45 per share, with a total value of $753,495.00. Following the completion of the transaction, 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 disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

ALLY has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on shares of Ally Financial from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Truist Financial boosted their target price on Ally Financial from $42.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Wolfe Research cut Ally Financial from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 5th. The Goldman Sachs Group increased their price objective on Ally Financial from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley boosted their target price on shares of Ally Financial from $41.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $43.76.

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.