Ally Financial Inc. (NYSE:ALLY) Stock Holdings Trimmed by TT Capital Management LLC

TT Capital Management LLC lowered its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 3.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,898 shares of the financial services provider’s stock after selling 2,536 shares during the period. Ally Financial makes up 2.1% of TT Capital Management LLC’s holdings, making the stock its 11th largest position. TT Capital Management LLC’s holdings in Ally Financial were worth $2,476,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Copia Wealth Management bought a new stake in Ally Financial during the 1st quarter valued at $27,000. Principal Securities Inc. increased its position in shares of Ally Financial by 89.4% during the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 496 shares during the period. Kestra Investment Management LLC acquired a new position in shares of Ally Financial during the 4th quarter valued at $43,000. Harbour Investments Inc. increased its position in shares of Ally Financial by 38.5% during the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 595 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Ally Financial during the 4th quarter valued at $78,000. Institutional investors own 88.76% of the company’s stock.

Insider Buying and Selling at Ally Financial

In other news, CFO Russell E. Hutchinson purchased 8,200 shares of the business’s 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 acquisition, the chief financial officer now directly owns 236,421 shares in the company, valued at approximately $7,284,131.01. The trade was a 3.59% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Stephanie N. Richard sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 30th. The shares were 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. This represents a 8.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

ALLY has been the topic of several research analyst reports. BTIG Research cut Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 price target on the stock. in a research report on Tuesday, March 25th. Royal Bank Of Canada reiterated an “outperform” rating and set a $40.00 price target on shares of Ally Financial in a research report on Monday, April 21st. Wall Street Zen upgraded Ally Financial from a “sell” rating to a “hold” rating in a research report on Friday, May 23rd. JPMorgan Chase & Co. lowered their price target on Ally Financial from $43.00 to $36.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company lowered their price target on Ally Financial from $34.00 to $32.00 and set an “underweight” rating on the stock in a research report on Monday, April 21st. 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 company’s stock. According to MarketBeat, Ally Financial currently has a consensus rating of “Hold” and a consensus price target of $41.88.

Ally Financial Price Performance

ALLY opened at $36.94 on Friday. Ally Financial Inc. has a 1 year low of $29.52 and a 1 year high of $45.46. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.38. The stock has a market cap of $11.35 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 0.35 and a beta of 1.14. The stock has a fifty day moving average price of $34.45 and a 200 day moving average price of $35.69.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.15. Ally Financial had a return on equity of 9.53% and a net margin of 6.96%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the previous year, the firm earned $0.45 EPS. Analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.20 annualized dividend and a yield of 3.25%. Ally Financial’s dividend payout ratio (DPR) is 88.24%.

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.