BNP Paribas Financial Markets Trims Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

BNP Paribas Financial Markets reduced its stake in Ally Financial Inc. (NYSE:ALLY) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 268,980 shares of the financial services provider’s stock after selling 8,119 shares during the period. BNP Paribas Financial Markets’ holdings in Ally Financial were worth $9,686,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Algert Global LLC purchased a new stake in Ally Financial during the fourth quarter worth about $396,000. Westbourne Investments Inc. purchased a new stake in Ally Financial during the fourth quarter worth about $1,276,000. Freestone Grove Partners LP purchased a new stake in Ally Financial during the fourth quarter worth about $16,381,000. Voleon Capital Management LP purchased a new stake in Ally Financial during the fourth quarter worth about $276,000. Finally, AQR Capital Management LLC increased its stake in Ally Financial by 59.1% during the fourth quarter. AQR Capital Management LLC now owns 504,337 shares of the financial services provider’s stock worth $18,161,000 after purchasing an additional 187,415 shares during the period. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Ally Financial Stock Performance

Shares of ALLY opened at $34.60 on Monday. The stock has a 50 day moving average price of $33.74 and a 200 day moving average price of $35.94. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $10.63 billion, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14. Ally Financial Inc. has a 52-week low of $29.52 and a 52-week high of $45.46.

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

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Thursday, May 1st. Ally Financial’s dividend payout ratio (DPR) is 88.24%.

Insider Activity at Ally Financial

In other Ally Financial news, insider Stephanie N. Richard sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total value of $257,120.00. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Russell E. Hutchinson acquired 8,200 shares of Ally Financial stock in a transaction on Tuesday, April 22nd. The stock was purchased at an average price of $30.81 per share, with a total value of $252,642.00. Following the purchase, the chief financial officer now owns 236,421 shares of the company’s stock, valued at $7,284,131.01. The trade was a 3.59% increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ALLY has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their price target on shares of Ally Financial from $43.00 to $36.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. StockNews.com lowered shares of Ally Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, May 7th. Jefferies Financial Group boosted their price target on shares of Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. 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. Finally, Truist Financial lowered their price objective on Ally Financial from $45.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Ally Financial currently has an average rating of “Hold” and a consensus target price of $41.69.

Ally Financial 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.