WINTON GROUP Ltd Sells 51,807 Shares of Ally Financial Inc. $ALLY

WINTON GROUP Ltd lessened its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 59.5% during the 4th quarter, Holdings Channel reports. The fund owned 35,202 shares of the financial services provider’s stock after selling 51,807 shares during the period. WINTON GROUP Ltd’s holdings in Ally Financial were worth $1,594,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in Ally Financial during the 4th quarter valued at $29,000. Fideuram Asset Management Ireland dac bought a new stake in Ally Financial during the 4th quarter valued at $35,000. Harvest Fund Management Co. Ltd bought a new stake in Ally Financial during the 4th quarter valued at $38,000. SBI Securities Co. Ltd. boosted its position in Ally Financial by 43.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 904 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 276 shares in the last quarter. Finally, Larson Financial Group LLC boosted its position in Ally Financial by 67.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,072 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 430 shares in the last quarter. Institutional investors own 88.76% of the company’s stock.

Insider Transactions at Ally Financial

In other Ally Financial news, insider Douglas R. Timmerman sold 39,675 shares of Ally Financial stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $45.17, for a total transaction of $1,792,119.75. Following the completion of the sale, the insider owned 477,627 shares of the company’s stock, valued at approximately $21,574,411.59. The trade was a 7.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Stephanie N. Richard sold 5,000 shares of Ally Financial stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $42.14, for a total value of $210,700.00. Following the sale, the insider directly owned 93,927 shares of the company’s stock, valued at approximately $3,958,083.78. This represents a 5.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.46% of the company’s stock.

Ally Financial Trading Down 1.1%

Shares of NYSE:ALLY opened at $42.31 on Tuesday. The business’s 50-day moving average is $42.44 and its 200 day moving average is $42.18. Ally Financial Inc. has a 1 year low of $35.90 and a 1 year high of $47.27. The firm has a market capitalization of $12.97 billion, a P/E ratio of 10.32, a P/E/G ratio of 0.26 and a beta of 1.10. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.93.

Ally Financial (NYSE:ALLY) last announced its earnings results on Friday, April 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.18. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the company posted $0.58 EPS. The firm’s quarterly revenue was up 36.4% compared to the same quarter last year. On average, research analysts predict that Ally Financial Inc. will post 5.28 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, May 1st. Ally Financial’s dividend payout ratio is currently 29.27%.

Analysts Set New Price Targets

Several analysts have issued reports on ALLY shares. Morgan Stanley increased their target price on Ally Financial from $53.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. The Goldman Sachs Group increased their target price on Ally Financial from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Wall Street Zen cut Ally Financial from a “buy” rating to a “hold” rating in a research report on Monday. Evercore restated an “outperform” rating and set a $54.00 target price on shares of Ally Financial in a research note on Tuesday, April 21st. Finally, Barclays upped their target price on Ally Financial from $54.00 to $56.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. Fourteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $54.14.

Ally Financial Company Profile

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.