Ally Financial Inc. (NYSE:ALLY) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. decreased its position in Ally Financial Inc. (NYSE:ALLY) by 59.4% in the 4th quarter, Holdings Channel reports. The fund owned 14,972 shares of the financial services provider’s stock after selling 21,883 shares during the period. Shell Asset Management Co.’s holdings in Ally Financial were worth $539,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Principal Securities Inc. grew its position in Ally Financial by 89.4% in the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 496 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in Ally Financial in the fourth quarter valued at approximately $43,000. UMB Bank n.a. grew its position in Ally Financial by 218.8% in the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 1,061 shares in the last quarter. Harbour Investments Inc. grew its position in Ally Financial by 38.5% in the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 595 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Ally Financial in the fourth quarter valued at approximately $78,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

Insider Buying and Selling at Ally Financial

In other Ally Financial news, insider Stephanie N. Richard sold 8,000 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 90,387 shares in the company, valued at approximately $2,905,038.18. This trade represents a 8.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Russell E. Hutchinson bought 8,200 shares of the business’s stock in a transaction on Tuesday, April 22nd. The stock was bought at an average price of $30.81 per share, for a total transaction of $252,642.00. Following the completion of the purchase, the chief financial officer now directly 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 company insiders.

Ally Financial Stock Performance

Shares of ALLY opened at $36.03 on Monday. The business’s fifty day moving average price is $33.91 and its 200 day moving average price is $35.98. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $45.46. The stock has a market capitalization of $11.07 billion, a PE ratio of 13.86, a price-to-earnings-growth 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 (NYSE:ALLY) last posted its 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 company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations 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 last year, the business posted $0.45 earnings per share. Equities research analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date was Thursday, May 1st. Ally Financial’s payout ratio is 88.24%.

Analysts Set New Price Targets

ALLY has been the subject of several research analyst reports. StockNews.com upgraded Ally Financial from a “sell” rating to a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. reduced their target price on Ally Financial from $43.00 to $36.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $40.00 target price on shares of Ally Financial in a research note on Monday, April 21st. The Goldman Sachs Group increased their target price on Ally Financial from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, April 1st. Finally, BTIG Research cut Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 target price for the company. in a research note on Tuesday, March 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target 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.