Assenagon Asset Management S.A. Has $670,000 Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

Assenagon Asset Management S.A. trimmed its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 99.2% in the first quarter, Holdings Channel.com reports. The firm owned 18,358 shares of the financial services provider’s stock after selling 2,411,770 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Ally Financial were worth $670,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Principal Securities Inc. increased its stake in Ally Financial by 89.4% during the 4th 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 bought a new stake in Ally Financial during the 4th quarter worth approximately $43,000. Harbour Investments Inc. increased its stake in Ally Financial by 38.5% during the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 595 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Ally Financial during the 4th quarter worth approximately $78,000. Finally, Van ECK Associates Corp bought a new stake in Ally Financial during the 4th quarter worth approximately $85,000. 88.76% of the stock is owned by institutional investors.

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 transaction of $257,120.00. Following the completion of the sale, the insider now owns 90,387 shares of the company’s stock, valued at $2,905,038.18. This trade represents a 8.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Russell E. Hutchinson bought 8,200 shares of the company’s stock in a transaction dated Tuesday, April 22nd. The shares were purchased at an average cost 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 of the company’s stock, valued at approximately $7,284,131.01. This represents a 3.59% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Ally Financial Trading Up 1.8%

NYSE ALLY opened at $36.79 on Thursday. The company has a market cap of $11.30 billion, a PE ratio of 27.05, a PEG ratio of 0.34 and a beta of 1.14. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.38. Ally Financial Inc. has a 12 month low of $29.52 and a 12 month high of $45.46. The stock has a 50 day moving average of $34.25 and a 200-day moving average of $35.74.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 EPS for the quarter, beating 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 company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the firm posted $0.45 EPS. On average, equities research analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.26%. The ex-dividend date was Thursday, May 1st. Ally Financial’s dividend payout ratio is 88.24%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ALLY shares. The Goldman Sachs Group increased their target price on Ally Financial from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, April 1st. Morgan Stanley lowered their target price on Ally Financial from $45.00 to $39.00 and set an “outperform” rating for the company in a research note on Monday, April 7th. For consumer lenders, the Trump Administration’s hardline approach to tariffs is “difficult to ignore” and there’s clearly more downside to the group if tariffs remain near current levels. If tariffs remain in place, risks to growth would skew meaningfully to the downside and risks to inflation to the upside, adds the analyst, who is downgrading the firm’s Consumer Finance industry view to Cautious from Attractive. Truist Financial raised their price target on shares of Ally Financial from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, June 13th. Wall Street Zen raised shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Friday, May 23rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Ally Financial from $43.00 to $36.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Ally Financial presently has a consensus rating of “Hold” and a consensus target price of $41.88.

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.