Ally Financial Inc. (NYSE:ALLY) Shares Acquired by Arizona State Retirement System

Arizona State Retirement System lifted its stake in Ally Financial Inc. (NYSE:ALLY) by 1.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 79,643 shares of the financial services provider’s stock after purchasing an additional 1,262 shares during the quarter. Arizona State Retirement System’s holdings in Ally Financial were worth $2,868,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of ALLY. Venturi Wealth Management LLC boosted its holdings 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 worth $34,000 after buying an additional 577 shares during the period. Principal Securities Inc. boosted its stake in Ally Financial by 89.4% in the 4th 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 purchased a new position in Ally Financial during the 4th quarter worth approximately $43,000. UMB Bank n.a. raised its stake in Ally Financial by 218.8% during the 4th 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. Finally, Brooklyn Investment Group purchased a new stake in shares of Ally Financial in the third quarter valued at $63,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Stock Performance

NYSE:ALLY opened at $34.68 on Monday. The firm has a market capitalization of $10.65 billion, a PE ratio of 13.34, a PEG ratio of 0.32 and a beta of 1.40. Ally Financial Inc. has a 1 year low of $31.95 and a 1 year 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 firm’s fifty day simple moving average is $37.22 and its 200 day simple moving average is $36.94.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period last year, the business posted $0.45 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 3.46%. Ally Financial’s dividend payout ratio (DPR) is presently 46.15%.

Insider Activity

In related news, CEO Michael George Rhodes bought 25,634 shares of Ally Financial stock in a transaction that occurred on Monday, January 27th. The stock was acquired at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the purchase, the chief executive officer now owns 25,634 shares in the company, valued at approximately $1,002,033.06. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Russell E. Hutchinson bought 19,100 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were purchased at an average cost of $39.45 per share, for a total transaction 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 $8,002,235.25. This represents a 10.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ALLY shares. Truist Financial lifted their target price on Ally Financial from $42.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price objective 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. Citigroup increased their target price on shares of Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Royal Bank of Canada boosted their price target on shares of Ally Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Finally, Jefferies Financial Group increased their price objective on Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Ally Financial presently has an average rating of “Hold” and an average price target of $43.76.

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.