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

Corebridge Financial Inc. decreased its position in shares of Ally Financial Inc. (NYSE:ALLY) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 310,744 shares of the financial services provider’s stock after selling 13,956 shares during the period. Corebridge Financial Inc. owned about 0.10% of Ally Financial worth $11,190,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ALLY. Principal Securities Inc. lifted its position in shares of Ally Financial by 89.4% during the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 496 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in Ally Financial during the 4th quarter worth approximately $43,000. UMB Bank n.a. lifted its holdings in Ally Financial by 218.8% during the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock worth $56,000 after buying an additional 1,061 shares in the last quarter. Brooklyn Investment Group purchased a new position in Ally Financial in the 3rd quarter valued at approximately $63,000. Finally, Harbour Investments Inc. increased its position in shares of Ally Financial by 38.5% during the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 595 shares during the period. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Jefferies Financial Group lifted their target price on Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. The Goldman Sachs Group boosted their price objective on Ally Financial from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. StockNews.com lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Wells Fargo & Company lifted their price target on shares of Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. Finally, 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. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $42.53.

Insider Activity at Ally Financial

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

Ally Financial Trading Down 1.7 %

ALLY opened at $36.79 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. Ally Financial Inc. has a 52 week low of $31.95 and a 52 week high of $45.46. The business’s 50 day moving average is $37.08 and its two-hundred day moving average is $36.33. The firm has a market cap of $11.30 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the previous year, the company posted $0.45 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis. On average, research analysts predict that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The business also recently declared 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 dividend yield of 3.26%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial’s dividend payout ratio is currently 46.15%.

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.