Voya Investment Management LLC Has $930,000 Stock Holdings in Ally Financial Inc. $ALLY

Voya Investment Management LLC lowered its position in Ally Financial Inc. (NYSE:ALLY) by 42.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,714 shares of the financial services provider’s stock after selling 17,609 shares during the period. Voya Investment Management LLC’s holdings in Ally Financial were worth $930,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its position in shares of Ally Financial by 385.2% during the second quarter. Allworth Financial LP now owns 752 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 597 shares during the period. Hantz Financial Services Inc. increased its stake in Ally Financial by 662.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 823 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 715 shares in the last quarter. Westside Investment Management Inc. raised its holdings in Ally Financial by 116.8% during the second quarter. Westside Investment Management Inc. now owns 837 shares of the financial services provider’s stock worth $34,000 after buying an additional 451 shares during the last quarter. MAI Capital Management lifted its stake in shares of Ally Financial by 45.1% in the second quarter. MAI Capital Management now owns 975 shares of the financial services provider’s stock valued at $38,000 after buying an additional 303 shares in the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of Ally Financial by 44.4% during the second quarter. Private Trust Co. NA now owns 1,320 shares of the financial services provider’s stock valued at $51,000 after buying an additional 406 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ALLY. Evercore ISI lowered their target price on shares of Ally Financial from $45.00 to $44.00 and set an “in-line” rating on the stock in a report on Tuesday, September 30th. Keefe, Bruyette & Woods decreased their price objective on Ally Financial from $56.00 to $51.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Wells Fargo & Company upgraded Ally Financial from a “hold” rating to an “overweight” rating in a report on Wednesday, December 17th. JPMorgan Chase & Co. upped their price target on Ally Financial from $42.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, TD Cowen raised Ally Financial from a “hold” rating to a “buy” rating and increased their price target for the company from $43.00 to $50.00 in a research report on Monday, October 20th. Twelve analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Ally Financial presently has an average rating of “Moderate Buy” and an average target price of $46.47.

Insider Buying and Selling at Ally Financial

In other news, insider Kathleen L. Patterson sold 29,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $40.86, for a total value of $1,184,940.00. Following the sale, the insider owned 100,203 shares of the company’s stock, valued at $4,094,294.58. The trade was a 22.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.56% of the stock is owned by insiders.

Ally Financial Stock Performance

Shares of ALLY stock opened at $45.56 on Wednesday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $14.04 billion, a price-to-earnings ratio of 27.45, a P/E/G ratio of 0.32 and a beta of 1.22. Ally Financial Inc. has a 52 week low of $29.52 and a 52 week high of $46.78. The firm’s 50-day simple moving average is $41.78 and its two-hundred day simple moving average is $40.42.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Monday, July 28th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter. The company had revenue of $2.06 billion during the quarter. Ally Financial had a net margin of 8.10% and a return on equity of 9.96%. As a group, equities analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Friday, October 31st. Ally Financial’s dividend payout ratio (DPR) is currently 72.29%.

Ally Financial announced that its Board of Directors has initiated a share repurchase plan on Wednesday, December 10th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 15.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

About Ally Financial

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.