Jacobs Levy Equity Management Inc. Has $151.32 Million Holdings in Ally Financial Inc. (NYSE:ALLY)

Jacobs Levy Equity Management Inc. raised its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 84.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,202,179 shares of the financial services provider’s stock after buying an additional 1,918,965 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Ally Financial were worth $151,320,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oak Thistle LLC purchased a new position in shares of Ally Financial during the fourth quarter valued at approximately $1,112,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Ally Financial in the fourth quarter valued at about $461,000. Franklin Resources Inc. lifted its position in shares of Ally Financial by 184.7% during the third quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider’s stock valued at $19,044,000 after purchasing an additional 345,210 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Ally Financial by 11.6% during the fourth quarter. New York State Common Retirement Fund now owns 189,643 shares of the financial services provider’s stock worth $6,829,000 after purchasing an additional 19,785 shares during the last quarter. Finally, Kestra Private Wealth Services LLC grew its position in Ally Financial by 16.1% in the 4th quarter. Kestra Private Wealth Services LLC now owns 147,933 shares of the financial services provider’s stock worth $5,327,000 after purchasing an additional 20,569 shares in the last quarter. 88.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Ally Financial news, insider Stephanie N. Richard sold 8,000 shares of the business’s stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total value of $257,120.00. Following the transaction, the insider now owns 90,387 shares in the company, valued at approximately $2,905,038.18. The trade was a 8.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Russell E. Hutchinson bought 8,200 shares of the company’s stock in a transaction dated Tuesday, April 22nd. The shares were purchased at an average price of $30.81 per share, with a total value of $252,642.00. Following the completion of the acquisition, the chief financial officer now owns 236,421 shares of the company’s stock, valued at $7,284,131.01. This trade represents a 3.59 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Ally Financial Stock Up 3.3 %

Shares of NYSE ALLY opened at $34.60 on Friday. The stock has a market capitalization of $10.63 billion, a P/E ratio of 13.31, a PEG ratio of 0.32 and a beta of 1.14. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. Ally Financial Inc. has a one year low of $29.52 and a one year high of $45.46. The firm’s 50 day simple moving average is $33.74 and its two-hundred day simple moving average is $35.93.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.15. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the firm posted $0.45 earnings per share. As a group, analysts expect that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, May 1st. This represents a $1.20 annualized dividend and a yield of 3.47%. Ally Financial’s payout ratio is 88.24%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ALLY shares. Morgan Stanley dropped their target price on shares of Ally Financial from $45.00 to $39.00 and set an “outperform” rating on the stock in a research report on Monday, April 7th. For consumer lenders, the Trump Administration’s hardline approach to tariffs is “difficult to ignore” and there’s clearly more downside to the group if tariffs remain near current levels. If tariffs remain in place, risks to growth would skew meaningfully to the downside and risks to inflation to the upside, adds the analyst, who is downgrading the firm’s Consumer Finance industry view to Cautious from Attractive. Compass Point raised Ally Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $37.00 to $41.00 in a research report on Monday, April 7th. Bank of America decreased their target price on Ally Financial from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, April 7th. BTIG Research lowered shares of Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 price objective on the stock. in a research report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. dropped their price objective on Ally Financial from $43.00 to $36.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Ally Financial has an average rating of “Hold” and a consensus target price of $41.69.

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.