Ally Financial Inc. (NYSE:ALLY) Position Boosted by Meeder Asset Management Inc.

Meeder Asset Management Inc. boosted its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,947 shares of the financial services provider’s stock after purchasing an additional 2,783 shares during the period. Meeder Asset Management Inc.’s holdings in Ally Financial were worth $3,203,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. lifted its position in shares of Ally Financial by 89.4% during the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 496 shares during the last quarter. Kestra Investment Management LLC acquired a new position in shares of Ally Financial in the 4th quarter valued at $43,000. UMB Bank n.a. increased its stake in Ally Financial by 218.8% in the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 1,061 shares in the last quarter. Harbour Investments Inc. raised its holdings in Ally Financial by 38.5% during the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock worth $77,000 after buying an additional 595 shares during the period. Finally, Van ECK Associates Corp purchased a new stake in Ally Financial during the fourth quarter valued at about $85,000. 88.76% of the stock is currently owned by institutional investors.

Insider Activity

In other Ally Financial news, CEO Michael George Rhodes acquired 25,634 shares of Ally Financial stock in a transaction dated Monday, January 27th. The stock was bought at an average cost 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 owns 25,634 shares of the company’s stock, valued at $1,002,033.06. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Russell E. Hutchinson bought 19,100 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were bought 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 $8,002,235.25. This trade represents a 10.39 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by company insiders.

Ally Financial Stock Performance

ALLY opened at $37.50 on Monday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $11.52 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. The stock has a 50-day moving average of $37.09 and a 200-day moving average of $36.38. Ally Financial Inc. has a 52-week low of $31.95 and a 52-week high of $45.46.

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

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial’s dividend payout ratio is 46.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada boosted their price target on shares of Ally Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Wolfe Research lowered Ally Financial from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 5th. Truist Financial lifted their price target on Ally Financial from $42.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Keefe, Bruyette & Woods increased their price objective on Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Morgan Stanley lifted their target price on Ally Financial from $41.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $42.53.

About Ally Financial

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.