Diversified Trust Co Sells 40,104 Shares of Ally Financial Inc. $ALLY

Diversified Trust Co cut its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 50.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,832 shares of the financial services provider’s stock after selling 40,104 shares during the period. Diversified Trust Co’s holdings in Ally Financial were worth $1,563,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Wellington Management Group LLP boosted its holdings in shares of Ally Financial by 19.5% in the 4th quarter. Wellington Management Group LLP now owns 14,271,290 shares of the financial services provider’s stock valued at $646,347,000 after buying an additional 2,332,610 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Ally Financial by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,708,942 shares of the financial services provider’s stock worth $394,432,000 after buying an additional 295,048 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Ally Financial by 7.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,071,504 shares of the financial services provider’s stock worth $274,978,000 after acquiring an additional 444,756 shares in the last quarter. Geode Capital Management LLC lifted its stake in Ally Financial by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 5,381,838 shares of the financial services provider’s stock valued at $243,795,000 after acquiring an additional 241,000 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of Ally Financial by 0.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 3,867,023 shares of the financial services provider’s stock valued at $175,137,000 after acquiring an additional 20,198 shares during the period. Institutional investors and hedge funds own 88.76% of the company’s stock.

Insider Transactions at Ally Financial

In related news, insider Douglas R. Timmerman sold 39,675 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $45.17, for a total value of $1,792,119.75. Following the completion of the transaction, the insider owned 477,627 shares of the company’s stock, valued at $21,574,411.59. The trade was a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Stephanie N. Richard sold 5,000 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $42.14, for a total transaction of $210,700.00. Following the sale, the insider directly owned 93,927 shares of the company’s stock, valued at $3,958,083.78. This represents a 5.05% decrease in their position. The SEC filing for this sale provides additional information. 0.46% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ALLY has been the topic of a number of research analyst reports. Evercore reaffirmed an “outperform” rating and issued a $54.00 target price on shares of Ally Financial in a report on Tuesday, April 21st. Wall Street Zen lowered Ally Financial from a “buy” rating to a “hold” rating in a research note on Monday, June 8th. The Goldman Sachs Group lifted their target price on Ally Financial from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Bank of America increased their price target on Ally Financial from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, April 10th. Finally, Truist Financial set a $54.00 price objective on shares of Ally Financial in a research report on Tuesday, April 21st. Fourteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $54.14.

Ally Financial Stock Up 0.3%

NYSE ALLY opened at $45.61 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.31. The company has a market cap of $13.98 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 0.28 and a beta of 1.10. The company has a 50 day moving average of $43.40 and a 200-day moving average of $42.50. Ally Financial Inc. has a 1-year low of $35.92 and a 1-year high of $47.27.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Friday, April 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.18. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.14 billion. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The firm’s quarterly revenue was up 36.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 earnings per share. On average, equities research analysts expect that Ally Financial Inc. will post 5.28 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a $0.30 dividend. The ex-dividend date was Friday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. Ally Financial’s dividend payout ratio (DPR) is presently 29.27%.

Ally Financial Company Profile

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.