Ally Financial Inc. (NYSE:ALLY) Shares Bought by Barnett & Company Inc.

Barnett & Company Inc. lifted its position in shares of Ally Financial Inc. (NYSE:ALLY) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,620 shares of the financial services provider’s stock after buying an additional 1,700 shares during the period. Ally Financial makes up about 1.5% of Barnett & Company Inc.’s holdings, making the stock its 24th biggest holding. Barnett & Company Inc.’s holdings in Ally Financial were worth $2,255,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ALLY. Natixis Advisors LLC lifted its position in Ally Financial by 211.7% during the third quarter. Natixis Advisors LLC now owns 98,634 shares of the financial services provider’s stock valued at $3,511,000 after buying an additional 66,993 shares in the last quarter. Pathstone Holdings LLC lifted its holdings in Ally Financial by 127.0% in the 3rd quarter. Pathstone Holdings LLC now owns 59,741 shares of the financial services provider’s stock worth $2,126,000 after buying an additional 33,420 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Ally Financial by 1.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 32,174 shares of the financial services provider’s stock valued at $1,145,000 after buying an additional 598 shares during the last quarter. Intech Investment Management LLC grew its stake in shares of Ally Financial by 50.8% during the third quarter. Intech Investment Management LLC now owns 16,001 shares of the financial services provider’s stock valued at $569,000 after acquiring an additional 5,387 shares in the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Ally Financial during the third quarter worth about $250,000. 88.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Ally Financial news, CEO Michael George Rhodes bought 25,634 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was acquired at an average price of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Russell E. Hutchinson bought 19,100 shares of Ally Financial stock in a transaction on Friday, January 24th. The stock was acquired at an average price 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 disclosure for this purchase can be found here. 0.67% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Morgan Stanley increased their price target on Ally Financial from $41.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Royal Bank of Canada raised their price target on shares of Ally Financial from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Barclays upped their price target on shares of Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Truist Financial raised their price objective on shares of Ally Financial from $42.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Finally, Jefferies Financial Group increased their price target on shares of Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $43.76.

Ally Financial Price Performance

ALLY opened at $36.50 on Monday. The firm has a 50-day moving average price of $36.99 and a 200-day moving average price of $36.37. The company has a market capitalization of $11.21 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 0.32 and a beta of 1.40. Ally Financial Inc. has a twelve month low of $31.95 and a twelve month high of $45.46. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. Ally Financial’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the company posted $0.45 EPS. Equities analysts expect that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Friday, January 31st. Ally Financial’s dividend payout ratio is currently 46.15%.

Ally Financial 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.