Ally Financial Inc. (NYSE:ALLY) Position Increased by Amundi

Amundi raised its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 81.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,156,003 shares of the financial services provider’s stock after purchasing an additional 517,388 shares during the period. Amundi owned about 0.38% of Ally Financial worth $41,165,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ALLY. Crossmark Global Holdings Inc. increased its stake in Ally Financial by 220.6% during the third quarter. Crossmark Global Holdings Inc. now owns 56,681 shares of the financial services provider’s stock valued at $2,018,000 after purchasing an additional 39,000 shares during the last quarter. Venturi Wealth Management LLC grew its position in shares of 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 acquiring an additional 577 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Ally Financial by 9.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 632,171 shares of the financial services provider’s stock worth $22,499,000 after acquiring an additional 53,727 shares during the last quarter. Rakuten Securities Inc. grew its position in shares of Ally Financial by 65,375.0% during the third quarter. Rakuten Securities Inc. now owns 2,619 shares of the financial services provider’s stock worth $93,000 after acquiring an additional 2,615 shares during the last quarter. Finally, Aigen Investment Management LP grew its position in shares of Ally Financial by 124.8% during the third quarter. Aigen Investment Management LP now owns 32,268 shares of the financial services provider’s stock worth $1,148,000 after acquiring an additional 17,911 shares during the last quarter. Institutional investors own 88.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Truist Financial upped their price target on shares of Ally Financial from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Wolfe Research lowered shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. Morgan Stanley upped their price target on shares of Ally Financial from $41.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. increased their target price on shares of Ally Financial from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Barclays increased their target price on shares of Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. One investment 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. According to MarketBeat.com, Ally Financial has an average rating of “Hold” and a consensus target price of $43.76.

Ally Financial Stock Performance

Shares of ALLY opened at $33.93 on Thursday. Ally Financial Inc. has a one year low of $31.95 and a one year high of $45.46. The company has a 50-day moving average of $37.08 and a two-hundred day moving average of $36.79. The stock has a market cap of $10.42 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 0.32 and a beta of 1.40. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93.

Ally Financial (NYSE:ALLY) last announced 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 company 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 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities research analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial’s dividend payout ratio is currently 46.15%.

Insider Buying and Selling

In related news, CFO Russell E. Hutchinson purchased 19,100 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The stock was acquired at an average cost of $39.45 per share, for a total transaction of $753,495.00. Following the completion of the acquisition, the chief financial officer now owns 202,845 shares in the company, valued at $8,002,235.25. This trade represents a 10.39 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael George Rhodes purchased 25,634 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were bought at an average price of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the acquisition, the chief executive officer now owns 25,634 shares of the company’s stock, valued at $1,002,033.06. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by corporate insiders.

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.