Rhumbline Advisers Decreases Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

Rhumbline Advisers reduced its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 804,574 shares of the financial services provider’s stock after selling 11,369 shares during the quarter. Rhumbline Advisers owned 0.26% of Ally Financial worth $28,973,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ALLY. Venturi Wealth Management LLC boosted its stake in shares of Ally Financial by 153.9% in the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 577 shares during the period. Allworth Financial LP boosted its stake in shares of Ally Financial by 41.9% in the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 421 shares during the period. UMB Bank n.a. boosted its stake in shares of 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 purchasing an additional 1,061 shares during the period. Brooklyn Investment Group purchased a new position in shares of Ally Financial in the third quarter valued at $63,000. Finally, Van ECK Associates Corp purchased a new position in shares of Ally Financial in the fourth quarter valued at $85,000. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Ally Financial Stock Performance

NYSE:ALLY opened at $39.16 on Thursday. Ally Financial Inc. has a twelve month low of $31.95 and a twelve month high of $45.46. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. The company has a 50-day moving average of $37.12 and a 200-day moving average of $37.34. The firm has a market cap of $11.93 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 0.33 and a beta of 1.45.

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. Analysts forecast that Ally Financial Inc. will post 3.64 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial’s payout ratio is 46.15%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ALLY shares. Wolfe Research cut shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 5th. Wells Fargo & Company upped their price target on shares of Ally Financial from $32.00 to $34.00 and gave the company an “underweight” rating in a report on Thursday, January 23rd. Truist Financial upped their price target on shares of Ally Financial from $42.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Keefe, Bruyette & Woods upped their price target on shares of Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, The Goldman Sachs Group upped their price target on shares of Ally Financial from $42.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Ally Financial presently has an average rating of “Hold” and an average price target of $43.76.

Insiders Place Their Bets

In related news, CFO Russell E. Hutchinson purchased 19,100 shares of Ally Financial stock in a transaction dated Friday, January 24th. The stock was acquired at an average cost of $39.45 per share, with a total value of $753,495.00. Following the completion of the transaction, the chief financial officer now directly owns 202,845 shares of the company’s stock, valued at $8,002,235.25. This trade represents a 10.39 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael George Rhodes purchased 25,634 shares of Ally Financial stock in a transaction dated Monday, January 27th. The stock was bought at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the transaction, the chief executive officer now directly owns 25,634 shares of the company’s stock, 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. Corporate insiders own 0.67% of the company’s stock.

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.