Ally Financial Inc. $ALLY Stock Holdings Boosted by Corient Private Wealth LLC

Corient Private Wealth LLC increased its position in Ally Financial Inc. (NYSE:ALLY) by 47.0% during the fourth quarter, Holdings Channel reports. The fund owned 53,347 shares of the financial services provider’s stock after purchasing an additional 17,047 shares during the quarter. Corient Private Wealth LLC’s holdings in Ally Financial were worth $2,416,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of ALLY. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Ally Financial in the fourth quarter valued at approximately $29,000. Fideuram Asset Management Ireland dac bought a new position in Ally Financial in the 4th quarter worth approximately $35,000. Safe Harbor Fiduciary LLC acquired a new stake in Ally Financial in the 4th quarter valued at approximately $37,000. Harvest Fund Management Co. Ltd acquired a new stake in Ally Financial in the 4th quarter valued at approximately $38,000. Finally, SBI Securities Co. Ltd. raised its stake in Ally Financial by 43.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 904 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 276 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ALLY shares. Wells Fargo & Company increased their price target on Ally Financial from $52.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday. Barclays lifted their price objective on shares of Ally Financial from $54.00 to $56.00 and gave the company an “equal weight” rating in a research note on Monday, April 20th. Truist Financial set a $54.00 target price on shares of Ally Financial in a research report on Tuesday, April 21st. Weiss Ratings raised shares of Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Finally, Citigroup dropped their price target on shares of Ally Financial from $70.00 to $58.00 and set a “buy” rating on the stock in a research report on Tuesday, June 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $53.50.

Ally Financial Trading Up 0.1%

Shares of ALLY stock opened at $47.21 on Monday. The stock has a 50-day simple moving average of $43.73 and a 200 day simple moving average of $42.60. The stock has a market capitalization of $14.47 billion, a P/E ratio of 11.51, a P/E/G ratio of 0.29 and a beta of 1.10. Ally Financial Inc. has a fifty-two week low of $35.92 and a fifty-two week high of $47.27. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.31.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Friday, April 17th. The financial services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $0.93 by $0.18. Ally Financial had a net margin of 16.47% and a return on equity of 11.41%. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the previous year, the business earned $0.58 earnings per share. Ally Financial’s revenue for the quarter was up 36.4% compared to the same quarter last year. On average, sell-side analysts expect that Ally Financial Inc. will post 5.26 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 2.5%. Ally Financial’s payout ratio is currently 29.27%.

Insider Buying and Selling

In related news, insider Douglas R. Timmerman sold 39,675 shares of the business’s stock in a transaction that occurred 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 sale, the insider directly owned 477,627 shares in the company, valued at $21,574,411.59. The trade was a 7.67% decrease in their position. 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 stock in a transaction that occurred on Friday, May 15th. The shares were 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 approximately $3,958,083.78. This represents a 5.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.46% of the stock is owned by insiders.

About Ally Financial

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.