Skandinaviska Enskilda Banken AB publ Decreases Position in Ally Financial Inc. (NYSE:ALLY)

Skandinaviska Enskilda Banken AB publ lessened its holdings in Ally Financial Inc. (NYSE:ALLY) by 21.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,919 shares of the financial services provider’s stock after selling 15,842 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Ally Financial were worth $2,033,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oak Thistle LLC purchased a new position in Ally Financial in the 4th quarter valued at approximately $1,112,000. Point72 Asset Management L.P. acquired a new stake in shares of Ally Financial in the 3rd quarter valued at $21,571,000. State Street Corp raised its holdings in shares of Ally Financial by 0.5% in the 3rd quarter. State Street Corp now owns 10,704,719 shares of the financial services provider’s stock valued at $380,981,000 after purchasing an additional 51,426 shares in the last quarter. 140 Summer Partners LP acquired a new stake in shares of Ally Financial in the 3rd quarter valued at $19,140,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Ally Financial in the 3rd quarter valued at $4,130,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Up 3.5 %

ALLY stock opened at $34.15 on Monday. The company has a market cap of $10.49 billion, a P/E ratio of 13.14, a P/E/G ratio of 0.32 and a beta of 1.40. Ally Financial Inc. has a 52 week low of $31.95 and a 52 week high of $45.46. The company’s 50-day moving average price is $36.99 and its 200 day moving average price is $36.61. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.21. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 earnings per share. On average, research 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. Investors of record on Friday, January 31st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial’s dividend payout ratio is currently 46.15%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group raised their price objective on shares of Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price objective on shares of Ally Financial from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Truist Financial raised their price objective on shares of Ally Financial from $42.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. StockNews.com lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada lifted their price target on shares of Ally Financial from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $43.76.

Insider Buying and Selling

In other Ally Financial news, CFO Russell E. Hutchinson bought 19,100 shares of the business’s stock in a transaction on Friday, January 24th. The stock was bought at an average price of $39.45 per share, for a total transaction of $753,495.00. Following the completion of the transaction, the chief financial officer now owns 202,845 shares in the company, valued at approximately $8,002,235.25. The trade was a 10.39 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael George Rhodes bought 25,634 shares of the business’s stock in a transaction on Monday, January 27th. The shares were acquired at an average price of $39.09 per share, with a total value of $1,002,033.06. Following the transaction, the chief executive officer now owns 25,634 shares of the company’s stock, valued at $1,002,033.06. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

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.