B. Metzler seel. Sohn & Co. AG Increases Stake in Ally Financial Inc. (NYSE:ALLY)

B. Metzler seel. Sohn & Co. AG increased its position in shares of Ally Financial Inc. (NYSE:ALLY) by 6.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,016 shares of the financial services provider’s stock after purchasing an additional 3,000 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Ally Financial were worth $1,832,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Ally Financial by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 28,252,149 shares of the financial services provider’s stock worth $1,017,360,000 after purchasing an additional 111,231 shares during the last quarter. State Street Corp increased its stake in Ally Financial by 0.5% in the 3rd quarter. State Street Corp now owns 10,704,719 shares of the financial services provider’s stock worth $380,981,000 after buying an additional 51,426 shares during the period. ANTIPODES PARTNERS Ltd lifted its holdings in Ally Financial by 75.6% during 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 in the last quarter. Assenagon Asset Management S.A. boosted its position in Ally Financial by 233.4% in the 4th 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 buying an additional 1,701,264 shares during the period. Finally, Norges Bank bought a new position in Ally Financial in the 4th quarter worth about $75,483,000. 88.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Michael George Rhodes bought 25,634 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were purchased at an average cost 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 in the company, valued at approximately $1,002,033.06. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was bought at an average cost of $39.45 per share, with a total value of $753,495.00. Following the completion of the acquisition, 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 owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on ALLY. Wells Fargo & Company boosted their price target on Ally Financial from $32.00 to $34.00 and gave the company an “underweight” rating in a report on Thursday, January 23rd. Truist Financial increased their price target on Ally Financial from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Morgan Stanley lifted their price objective on Ally Financial from $41.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. increased their target price on shares of Ally Financial from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, Jefferies Financial Group boosted their price target on shares of Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Ally Financial presently has a consensus rating of “Hold” and an average target price of $42.65.

Ally Financial Trading Up 1.0 %

Shares of Ally Financial stock opened at $37.07 on Thursday. The firm’s 50 day simple moving average is $37.00 and its two-hundred day simple moving average is $36.43. The firm has a market capitalization of $11.39 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 0.32 and a beta of 1.40. Ally Financial Inc. has a 12-month low of $31.95 and a 12-month high of $45.46. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51.

Ally Financial (NYSE:ALLY) last issued its 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 company had revenue of $2.09 billion during 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 firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $0.45 EPS. Analysts predict that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.30 dividend. 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 3.24%. Ally Financial’s dividend payout ratio is currently 46.15%.

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.