Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Ally Financial Inc. (NYSE:ALLY) by 19.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,694 shares of the financial services provider’s stock after buying an additional 41,694 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 0.07% of Ally Financial worth $8,940,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Patriot Financial Group Insurance Agency LLC raised its holdings in Ally Financial by 52.0% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 760 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 260 shares in the last quarter. Penserra Capital Management LLC grew its position in shares of Ally Financial by 60.6% in the 4th quarter. Penserra Capital Management LLC now owns 983 shares of the financial services provider’s stock valued at $34,000 after buying an additional 371 shares during the last quarter. Truvestments Capital LLC acquired a new stake in Ally Financial during the 4th quarter worth $34,000. Alpha Paradigm Partners LLC purchased a new stake in Ally Financial in the fourth quarter valued at $44,000. Finally, Leelyn Smith LLC purchased a new stake in Ally Financial in the fourth quarter valued at $53,000. 92.07% of the stock is owned by institutional investors.
A number of analysts have recently commented on the company. Morgan Stanley lifted their target price on Ally Financial from $51.00 to $56.00 and gave the stock an “overweight” rating in a research report on Thursday, April 1st. Janney Montgomery Scott boosted their price objective on Ally Financial from $40.00 to $45.00 in a research note on Wednesday, January 13th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price objective on Ally Financial from $33.00 to $45.00 in a report on Wednesday, January 13th. Piper Sandler lifted their target price on shares of Ally Financial from $44.00 to $48.00 and gave the company an “overweight” rating in a report on Monday, January 25th. Finally, Credit Suisse Group upped their price target on shares of Ally Financial from $34.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday, January 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $39.25.
Ally Financial (NYSE:ALLY) last announced its earnings results on Thursday, January 21st. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.55. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.65 billion. Ally Financial had a net margin of 12.22% and a return on equity of 6.43%. As a group, equities research analysts predict that Ally Financial Inc. will post 2.48 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 12th. Stockholders of record on Monday, February 1st were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, January 29th. Ally Financial’s dividend payout ratio is currently 20.43%.
In other Ally Financial news, CAO David J. Debrunner sold 27,500 shares of Ally Financial stock in a transaction on Monday, April 5th. The shares were sold at an average price of $47.13, for a total value of $1,296,075.00. Following the transaction, the chief accounting officer now owns 74,335 shares in the company, valued at approximately $3,503,408.55. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jason E. Schugel sold 2,500 shares of the business’s stock in a transaction on Monday, March 22nd. The shares were sold at an average price of $44.76, for a total transaction of $111,900.00. Following the sale, the insider now directly owns 109,891 shares of the company’s stock, valued at $4,918,721.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,626 shares of company stock worth $2,358,517. Insiders own 0.36% of the company’s stock.
Ally Financial Company Profile
Ally Financial Inc, a bank holding company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
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