Ally Financial Inc. (NYSE:ALLY) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lessened its stake in Ally Financial Inc. (NYSE:ALLY) by 4.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 310,744 shares of the financial services provider’s stock after selling 13,956 shares during the quarter. Corebridge Financial Inc.’s holdings in Ally Financial were worth $11,190,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ALLY. Vanguard Group Inc. lifted its position in shares of Ally Financial by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 28,252,149 shares of the financial services provider’s stock valued at $1,017,360,000 after acquiring an additional 111,231 shares during the period. LPL Financial LLC raised its holdings in Ally Financial by 20.1% during the fourth quarter. LPL Financial LLC now owns 104,903 shares of the financial services provider’s stock worth $3,778,000 after purchasing an additional 17,582 shares during the last quarter. Fox Run Management L.L.C. boosted its position in Ally Financial by 80.0% during the fourth quarter. Fox Run Management L.L.C. now owns 15,409 shares of the financial services provider’s stock worth $555,000 after purchasing an additional 6,847 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Ally Financial in the fourth quarter valued at $3,037,000. Finally, Sei Investments Co. increased its position in shares of Ally Financial by 52.5% in the fourth quarter. Sei Investments Co. now owns 855,650 shares of the financial services provider’s stock valued at $30,811,000 after buying an additional 294,402 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Insider Transactions at Ally Financial

In related news, CEO Michael George Rhodes bought 25,634 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were acquired at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the acquisition, the chief executive officer now owns 25,634 shares in the company, valued at $1,002,033.06. This represents a ? increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was bought at an average price of $39.45 per share, with a total value of $753,495.00. Following 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 ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

Ally Financial Stock Down 1.7 %

Shares of NYSE ALLY opened at $36.79 on Thursday. 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 stock has a market capitalization of $11.30 billion, a PE ratio of 14.15, a P/E/G ratio of 0.32 and a beta of 1.40. The firm has a fifty day moving average of $37.08 and a 200-day moving average of $36.33. 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 EPS for the quarter, topping the consensus estimate of $0.57 by $0.21. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 earnings per share. On average, analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.30 per share. The ex-dividend date was Friday, January 31st. This represents a $1.20 annualized dividend and a yield of 3.26%. Ally Financial’s dividend payout ratio is currently 46.15%.

Analyst Ratings Changes

Several research firms recently commented on ALLY. BTIG Research lowered shares of Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 price objective on the stock. in a research report on Tuesday. JPMorgan Chase & Co. increased their price target 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. Wells Fargo & Company raised 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. Wolfe Research cut Ally Financial from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 5th. Finally, StockNews.com cut Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $42.53.

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.