Thompson Siegel & Walmsley LLC Reduces Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

Thompson Siegel & Walmsley LLC cut its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,301,824 shares of the financial services provider’s stock after selling 33,876 shares during the period. Thompson Siegel & Walmsley LLC owned 0.43% of Ally Financial worth $46,879,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Assenagon Asset Management S.A. lifted its holdings in Ally Financial by 233.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider’s stock valued at $87,509,000 after acquiring an additional 1,701,264 shares during the period. Jacobs Levy Equity Management Inc. increased its position in Ally Financial by 217.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider’s stock worth $81,260,000 after purchasing an additional 1,563,008 shares in the last quarter. ANTIPODES PARTNERS Ltd grew its holdings in Ally Financial by 75.6% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 2,956,037 shares of the financial services provider’s stock valued at $106,455,000 after buying an additional 1,272,853 shares during the period. Point72 Asset Management L.P. purchased a new stake in Ally Financial in the 3rd quarter valued at about $21,571,000. Finally, 140 Summer Partners LP acquired a new position in shares of Ally Financial in the 3rd quarter valued at about $19,140,000. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ALLY has been the topic of several recent research reports. Jefferies Financial Group boosted their price target on Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. StockNews.com lowered Ally Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Truist Financial upped their target price on Ally Financial from $42.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. increased their price objective on Ally Financial from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada increased their target price on Ally Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ally Financial has an average rating of “Hold” and a consensus target price of $43.76.

Ally Financial Price Performance

ALLY stock opened at $33.93 on Thursday. The company has a market capitalization of $10.42 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. Ally Financial Inc. has a 52-week low of $31.95 and a 52-week high of $45.46. The business has a 50-day simple moving average of $37.08 and a two-hundred day simple moving average of $36.79.

Ally Financial (NYSE:ALLY) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the previous year, the business earned $0.45 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. Research analysts expect that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.30 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.54%. Ally Financial’s dividend payout ratio (DPR) is presently 46.15%.

Insider Buying and Selling

In other news, CFO Russell E. Hutchinson purchased 19,100 shares of Ally Financial stock in a transaction dated Friday, January 24th. The stock was purchased at an average cost of $39.45 per share, for a total transaction of $753,495.00. Following the transaction, the chief financial officer now directly owns 202,845 shares of the company’s stock, valued at approximately $8,002,235.25. This trade represents a 10.39 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael George Rhodes bought 25,634 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was bought at an average price of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the transaction, the chief executive officer now directly owns 25,634 shares of the company’s stock, valued at $1,002,033.06. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by insiders.

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.