Bailard Inc. Has $1.21 Million Holdings in Ally Financial Inc. $ALLY

Bailard Inc. cut its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 37.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 26,800 shares of the financial services provider’s stock after selling 16,213 shares during the quarter. Bailard Inc.’s holdings in Ally Financial were worth $1,214,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. bought a new position in Ally Financial during the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. boosted 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 worth $41,000 after acquiring an additional 276 shares during the last quarter. Larson Financial Group LLC boosted its stake in Ally Financial by 67.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,072 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 430 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Ally Financial by 98.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,111 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 552 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Ally Financial by 53.5% during the 3rd quarter. Allworth Financial LP now owns 1,154 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 402 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ALLY has been the topic of several recent analyst reports. Weiss Ratings raised shares of Ally Financial from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Morgan Stanley lifted their price objective on shares of Ally Financial from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Ally Financial from $55.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Truist Financial set a $54.00 target price on shares of Ally Financial in a report on Tuesday, April 21st. Finally, Barclays raised their target price on shares of Ally Financial from $54.00 to $56.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. Fourteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ally Financial presently has a consensus rating of “Moderate Buy” and an average target price of $54.14.

Insider Buying and Selling at Ally Financial

In other news, insider Douglas R. Timmerman sold 39,675 shares of the firm’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 transaction of $1,792,119.75. Following the completion of the transaction, the insider directly owned 477,627 shares of the company’s stock, valued at $21,574,411.59. This trade represents a 7.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is owned by corporate insiders.

Ally Financial Price Performance

Shares of ALLY opened at $41.69 on Thursday. The stock has a market capitalization of $12.78 billion, a P/E ratio of 10.17, a P/E/G ratio of 0.26 and a beta of 1.12. Ally Financial Inc. has a twelve month low of $32.50 and a twelve month high of $47.27. The company has a 50 day moving average of $40.98 and a 200-day moving average of $41.83. 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 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.18. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Ally Financial had a net margin of 16.47% and a return on equity of 11.41%. The business’s quarterly revenue was up 36.4% on a year-over-year basis. During the same period last year, the business earned $0.58 EPS. As a group, equities research analysts forecast that Ally Financial Inc. will post 5.3 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, May 1st. Ally Financial’s dividend payout ratio (DPR) is currently 29.27%.

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.