Vanguard Group Inc. Decreases Stock Holdings in Ally Financial Inc. $ALLY

Vanguard Group Inc. trimmed its position in shares of Ally Financial Inc. (NYSE:ALLY) by 2.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,421,139 shares of the financial services provider’s stock after selling 741,394 shares during the period. Vanguard Group Inc. owned about 0.09% of Ally Financial worth $1,074,909,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Allworth Financial LP increased its holdings in Ally Financial by 385.2% during the 2nd quarter. Allworth Financial LP now owns 752 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 597 shares during the period. Mather Group LLC. bought a new stake in shares of Ally Financial in the 3rd quarter worth approximately $31,000. Hantz Financial Services Inc. grew its position in shares of Ally Financial by 662.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 823 shares of the financial services provider’s stock worth $32,000 after buying an additional 715 shares during the last quarter. Westside Investment Management Inc. increased its stake in shares of Ally Financial by 116.8% during the second quarter. Westside Investment Management Inc. now owns 837 shares of the financial services provider’s stock valued at $34,000 after buying an additional 451 shares during the period. Finally, MAI Capital Management raised its holdings in shares of Ally Financial by 45.1% during the second quarter. MAI Capital Management now owns 975 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 303 shares in the last quarter. 88.76% of the stock is owned by institutional investors.

Insider Activity at Ally Financial

In related news, CEO Michael George Rhodes acquired 23,800 shares of Ally Financial stock in a transaction that occurred on Friday, January 23rd. The stock was bought at an average price of $41.68 per share, with a total value of $991,984.00. Following the transaction, the chief executive officer directly owned 49,434 shares in the company, valued at approximately $2,060,409.12. This represents a 92.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Russell E. Hutchinson acquired 11,566 shares of the stock in a transaction on Tuesday, January 27th. The shares were bought at an average price of $43.17 per share, with a total value of $499,304.22. Following the purchase, the chief financial officer directly owned 225,336 shares of the company’s stock, valued at $9,727,755.12. The trade was a 5.41% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on ALLY shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $52.00 price target on shares of Ally Financial in a report on Monday, January 12th. The Goldman Sachs Group restated a “neutral” rating and issued a $55.00 price objective on shares of Ally Financial in a report on Tuesday, January 6th. JPMorgan Chase & Co. lifted their target price on shares of Ally Financial from $43.00 to $48.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Wells Fargo & Company upgraded shares of Ally Financial from a “hold” rating to an “overweight” rating in a research report on Wednesday, December 17th. Finally, Wall Street Zen lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Fourteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $50.31.

Ally Financial Stock Up 0.4%

NYSE:ALLY opened at $42.09 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.92 and a quick ratio of 0.92. The firm’s 50-day moving average price is $43.75 and its 200-day moving average price is $41.55. The company has a market capitalization of $12.96 billion, a PE ratio of 17.91, a P/E/G ratio of 0.21 and a beta of 1.19. Ally Financial Inc. has a 1-year low of $29.52 and a 1-year high of $47.27.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Ally Financial had a net margin of 10.77% and a return on equity of 10.40%. Ally Financial’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS. On average, equities analysts predict that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial declared that its Board of Directors has initiated a share buyback program on Wednesday, December 10th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 15.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, February 2nd. Ally Financial’s payout ratio is currently 51.06%.

Ally Financial Company Profile

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.