Ally Financial Inc. (NYSE:ALLY) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of Ally Financial Inc. (NYSE:ALLY) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,895,467 shares of the financial services provider’s stock after purchasing an additional 184,278 shares during the period. Geode Capital Management LLC’s holdings in Ally Financial were worth $175,990,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Principal Securities Inc. raised its stake in shares of Ally Financial by 89.4% in the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 496 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Ally Financial during the 4th quarter valued at approximately $43,000. UMB Bank n.a. lifted its holdings 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 in the last quarter. Harbour Investments Inc. increased its position in Ally Financial by 38.5% during the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 595 shares in the last quarter. Finally, Van ECK Associates Corp acquired a new position in Ally Financial in the 4th quarter valued at $85,000. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ally Financial

In other Ally Financial news, CEO Michael George Rhodes acquired 25,634 shares of Ally Financial stock in a transaction on Monday, January 27th. The shares were bought at an average price of $39.09 per share, with a total value 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 $1,002,033.06. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Russell E. Hutchinson acquired 19,100 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average price of $39.45 per share, with a total value 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 approximately $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. Insiders own 0.67% of the company’s stock.

Ally Financial Trading Down 2.6 %

Shares of ALLY stock opened at $32.16 on Monday. 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 50-day simple moving average of $36.72 and a 200 day simple moving average of $36.44. Ally Financial Inc. has a fifty-two week low of $30.00 and a fifty-two week high of $45.46. The stock has a market capitalization of $9.88 billion, a P/E ratio of 12.37, a P/E/G ratio of 0.32 and a beta of 1.12.

Ally Financial (NYSE:ALLY) last issued 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. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. Ally Financial’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 earnings per share. On average, sell-side analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 3.73%. Ally Financial’s payout ratio is 46.15%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ALLY. Wells Fargo & Company lifted their target price on Ally Financial from $32.00 to $34.00 and gave the company an “underweight” rating in a report on Thursday, January 23rd. Truist Financial decreased their price objective on shares of Ally Financial from $47.00 to $45.00 and set a “buy” rating for the company in a research note on Friday. JPMorgan Chase & Co. raised their target price on shares of Ally Financial from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Jefferies Financial Group upped their price target on shares of Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods raised their price objective on Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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.