Ally Financial Inc. (NYSE:ALLY) Shares Purchased by Huntington National Bank

Huntington National Bank increased its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 642.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,792 shares of the financial services provider’s stock after buying an additional 4,147 shares during the quarter. Huntington National Bank’s holdings in Ally Financial were worth $173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake 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 buying an additional 111,231 shares during the period. State Street Corp raised 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 acquiring an additional 51,426 shares during the last quarter. Geode Capital Management LLC lifted its position in Ally Financial by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 4,895,467 shares of the financial services provider’s stock worth $175,990,000 after acquiring an additional 184,278 shares during the period. ANTIPODES PARTNERS Ltd grew its stake 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 purchasing an additional 1,272,853 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Ally Financial by 233.4% in the fourth 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 purchasing an additional 1,701,264 shares during the period. 88.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ALLY. Wells Fargo & Company upped their target price on Ally Financial from $32.00 to $34.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. Jefferies Financial Group upped their price objective 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. BTIG Research cut shares of Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 target price for the company. in a report on Tuesday, March 25th. Truist Financial lowered their price target on shares of Ally Financial from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Friday. Finally, Barclays lifted their price objective on Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $42.53.

Ally Financial Stock Performance

ALLY opened at $32.16 on Friday. The firm’s fifty day simple moving average is $36.72 and its two-hundred day simple moving average is $36.42. Ally Financial Inc. has a 52-week low of $30.06 and a 52-week high of $45.46. The company has a market cap of $9.88 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 0.32 and a beta of 1.12. 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 for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the company posted $0.45 EPS. Ally Financial’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently declared 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. This represents a $1.20 annualized dividend and a dividend yield of 3.73%. The ex-dividend date was Friday, January 31st. Ally Financial’s payout ratio is 46.15%.

Insider Activity at Ally Financial

In related news, CEO Michael George Rhodes bought 25,634 shares of the stock in a transaction dated Monday, January 27th. The shares were acquired at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the acquisition, the chief executive officer now directly owns 25,634 shares in the company, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was bought at an average price of $39.45 per share, with a total value of $753,495.00. Following the completion of 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 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 corporate insiders.

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.