Ally Financial Inc. (NYSE:ALLY) Shares Bought by abrdn plc

abrdn plc lifted its stake in Ally Financial Inc. (NYSE:ALLY) by 24.7% in the 4th quarter, Holdings Channel reports. The firm owned 330,033 shares of the financial services provider’s stock after purchasing an additional 65,354 shares during the quarter. abrdn plc’s holdings in Ally Financial were worth $11,525,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ALLY. NBC Securities Inc. acquired a new stake in shares of Ally Financial in the third quarter valued at about $26,000. Harvest Fund Management Co. Ltd lifted its stake in shares of Ally Financial by 337.8% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,563 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 1,206 shares during the period. Friedenthal Financial acquired a new stake in shares of Ally Financial in the fourth quarter valued at about $50,000. Denali Advisors LLC lifted its stake in shares of Ally Financial by 68.6% in the third quarter. Denali Advisors LLC now owns 1,897 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 772 shares during the period. Finally, Rakuten Securities Inc. purchased a new position in Ally Financial during the 4th quarter valued at about $67,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Trading Down 1.5 %

NYSE ALLY opened at $39.15 on Friday. The company’s fifty day simple moving average is $37.97 and its 200-day simple moving average is $33.32. Ally Financial Inc. has a 52 week low of $22.54 and a 52 week high of $41.56. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.50. The stock has a market cap of $11.90 billion, a P/E ratio of 15.98, a PEG ratio of 0.58 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.12. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. The business’s revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 earnings per share. Equities research analysts predict that Ally Financial Inc. will post 2.95 EPS for the current fiscal year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.07%. Ally Financial’s dividend payout ratio (DPR) is presently 48.98%.

Analyst Ratings Changes

Several equities analysts have weighed in on ALLY shares. Bank of America upgraded shares of Ally Financial from a “neutral” rating to a “buy” rating and raised their target price for the company from $42.00 to $46.00 in a report on Tuesday, April 9th. StockNews.com upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a report on Friday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ally Financial in a report on Wednesday, January 10th. They set a “buy” rating and a $47.00 price target for the company. TheStreet upgraded shares of Ally Financial from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $40.00 target price on shares of Ally Financial in a report on Monday, January 22nd. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $38.47.

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.