Hussman Strategic Advisors Inc. Purchases 21,000 Shares of Ally Financial Inc. (NYSE:ALLY)

Hussman Strategic Advisors Inc. lifted its position in shares of Ally Financial Inc. (NYSE:ALLY) by 33.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,000 shares of the financial services provider’s stock after buying an additional 21,000 shares during the quarter. Ally Financial makes up 0.9% of Hussman Strategic Advisors Inc.’s holdings, making the stock its 18th largest holding. Hussman Strategic Advisors Inc.’s holdings in Ally Financial were worth $3,025,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in ALLY. Blue Trust Inc. boosted its position in Ally Financial by 8.2% during the third quarter. Blue Trust Inc. now owns 4,660 shares of the financial services provider’s stock valued at $166,000 after purchasing an additional 352 shares in the last quarter. International Assets Investment Management LLC boosted its position in Ally Financial by 752.7% during the third quarter. International Assets Investment Management LLC now owns 50,694 shares of the financial services provider’s stock valued at $18,040,000 after purchasing an additional 44,749 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Ally Financial by 2,088.2% during the third quarter. Assenagon Asset Management S.A. now owns 728,864 shares of the financial services provider’s stock valued at $25,940,000 after purchasing an additional 695,555 shares in the last quarter. Allworth Financial LP boosted its position in Ally Financial by 41.9% during the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 421 shares in the last quarter. Finally, Forsta AP Fonden raised its stake in Ally Financial by 14.0% in the third quarter. Forsta AP Fonden now owns 49,600 shares of the financial services provider’s stock valued at $1,765,000 after buying an additional 6,100 shares during the last quarter. Institutional investors own 88.76% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

ALLY has been the subject of a number of research analyst reports. Truist Financial increased their price target on Ally Financial from $42.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods increased their price target on Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Royal Bank of Canada increased their price target on Ally Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. increased their price target on Ally Financial from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Citigroup increased their price target on Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, November 15th. One investment 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $43.76.

Ally Financial Stock Performance

Shares of NYSE:ALLY opened at $39.16 on Thursday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. The business’s 50 day moving average price is $37.12 and its 200-day moving average price is $37.34. The firm has a market capitalization of $11.93 billion, a PE ratio of 15.06, a P/E/G ratio of 0.33 and a beta of 1.45. Ally Financial Inc. has a 1 year low of $31.95 and a 1 year high of $45.46.

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, topping analysts’ consensus estimates of $0.57 by $0.21. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 earnings per share. As a group, equities research analysts expect that Ally Financial Inc. will post 3.64 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.06%. Ally Financial’s payout ratio is 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.