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

Signaturefd LLC reduced its position in shares of Ally Financial Inc. (NYSE:ALLY) by 16.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,466 shares of the financial services provider’s stock after selling 3,668 shares during the period. Signaturefd LLC’s holdings in Ally Financial were worth $645,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. abrdn plc increased its stake in shares of Ally Financial by 24.7% in the fourth quarter. abrdn plc now owns 330,033 shares of the financial services provider’s stock worth $11,525,000 after buying an additional 65,354 shares during the last quarter. Xponance Inc. increased its stake in shares of Ally Financial by 1.4% in the fourth quarter. Xponance Inc. now owns 33,366 shares of the financial services provider’s stock worth $1,165,000 after buying an additional 472 shares during the last quarter. Rakuten Securities Inc. bought a new stake in shares of Ally Financial in the fourth quarter worth $67,000. Signet Financial Management LLC bought a new stake in shares of Ally Financial in the fourth quarter worth $242,000. Finally, Aurora Private Wealth Inc. bought a new stake in shares of Ally Financial in the fourth quarter worth $208,000. 88.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on ALLY. Deutsche Bank Aktiengesellschaft began coverage on shares of Ally Financial in a research note on Wednesday, January 10th. They issued a “buy” rating and a $47.00 price target for the company. The Goldman Sachs Group restated a “buy” rating on shares of Ally Financial in a research note on Thursday, February 1st. TheStreet upgraded shares of Ally Financial from a “c+” rating to a “b-” rating in a research note on Thursday, January 11th. StockNews.com upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. Finally, Evercore ISI boosted their target price on shares of Ally Financial from $41.00 to $43.00 and gave the company an “in-line” rating in a research note on Thursday, March 28th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $38.47.

Ally Financial Stock Performance

Shares of ALLY opened at $39.72 on Wednesday. Ally Financial Inc. has a 1 year low of $22.54 and a 1 year high of $41.56. The company has a market cap of $12.07 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 0.58 and a beta of 1.40. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a fifty day moving average of $37.85 and a 200-day moving average of $33.23.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.12. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 earnings per share. As a group, equities analysts anticipate that Ally Financial Inc. will post 2.9 earnings per share for the current year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Tuesday, April 30th. Ally Financial’s payout ratio is currently 48.98%.

Ally Financial Company 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.