Global Retirement Partners LLC Acquires 11,972 Shares of Ally Financial Inc. $ALLY

Global Retirement Partners LLC grew its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 8,868.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,107 shares of the financial services provider’s stock after acquiring an additional 11,972 shares during the period. Global Retirement Partners LLC’s holdings in Ally Financial were worth $548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Leonteq Securities AG purchased a new position in shares of Ally Financial during the 4th quarter valued at $346,000. Covestor Ltd raised its position in shares of Ally Financial by 58.4% during the 4th quarter. Covestor Ltd now owns 2,200 shares of the financial services provider’s stock valued at $99,000 after buying an additional 811 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Ally Financial by 166.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 66,595 shares of the financial services provider’s stock valued at $3,016,000 after buying an additional 41,574 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Ally Financial by 25.0% during the 4th quarter. Larson Financial Group LLC now owns 1,340 shares of the financial services provider’s stock valued at $61,000 after buying an additional 268 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its position in Ally Financial by 21.8% in the 4th quarter. Handelsbanken Fonder AB now owns 85,500 shares of the financial services provider’s stock worth $3,872,000 after purchasing an additional 15,300 shares during the period. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ALLY. The Goldman Sachs Group increased their price objective on shares of Ally Financial from $50.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Morgan Stanley increased their price objective on shares of Ally Financial from $53.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Evercore reiterated an “outperform” rating and set a $54.00 price objective on shares of Ally Financial in a research note on Tuesday, April 21st. JPMorgan Chase & Co. lowered their target price on shares of Ally Financial from $48.00 to $46.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Finally, Truist Financial set a $54.00 price target on shares of Ally Financial in a report on Tuesday, April 21st. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $54.14.

Insiders Place Their Bets

In other Ally Financial news, insider Douglas R. Timmerman sold 39,675 shares of Ally Financial stock in a transaction on Friday, April 17th. The shares were 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 approximately $21,574,411.59. The trade was a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephanie N. Richard sold 5,000 shares of Ally Financial stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $42.14, for a total transaction of $210,700.00. Following the completion of the sale, the insider owned 93,927 shares in the company, valued at approximately $3,958,083.78. This trade represents a 5.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.46% of the stock is currently owned by insiders.

Ally Financial Stock Up 0.4%

ALLY opened at $42.93 on Thursday. Ally Financial Inc. has a fifty-two week low of $34.30 and a fifty-two week high of $47.27. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.93 and a current ratio of 0.93. The company has a fifty day moving average of $41.84 and a two-hundred day moving average of $41.99. The stock has a market capitalization of $13.16 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 0.26 and a beta of 1.12.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Friday, April 17th. The financial services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.18. Ally Financial had a net margin of 16.47% and a return on equity of 11.41%. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the previous year, the company earned $0.58 earnings per share. The firm’s revenue for the quarter was up 36.4% on a year-over-year basis. On average, research analysts expect that Ally Financial Inc. will post 5.3 earnings per share for the current year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. Ally Financial’s payout ratio is presently 29.27%.

Ally Financial 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.