Trillium Asset Management LLC Sells 63,167 Shares of Ally Financial Inc. $ALLY

Trillium Asset Management LLC lessened its position in Ally Financial Inc. (NYSE:ALLY) by 12.7% during the fourth quarter, Holdings Channel reports. The fund owned 435,643 shares of the financial services provider’s stock after selling 63,167 shares during the period. Trillium Asset Management LLC’s holdings in Ally Financial were worth $20,240,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in Ally Financial in the fourth quarter valued at $29,000. Fideuram Asset Management Ireland dac bought a new position in Ally Financial in the fourth quarter valued at $35,000. Harvest Fund Management Co. Ltd bought a new position in Ally Financial in the fourth quarter valued at $38,000. SBI Securities Co. Ltd. increased its stake in Ally Financial by 43.9% in the fourth quarter. SBI Securities Co. Ltd. now owns 904 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 276 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in Ally Financial by 805.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 896 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 797 shares during the last quarter. Institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Up 2.1%

Shares of NYSE:ALLY opened at $44.41 on Friday. The stock’s 50-day moving average price is $42.81 and its 200-day moving average price is $42.29. Ally Financial Inc. has a 12-month low of $35.90 and a 12-month high of $47.27. The stock has a market capitalization of $13.61 billion, a P/E ratio of 10.83, a price-to-earnings-growth ratio of 0.26 and a beta of 1.10. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.31.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Friday, April 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.18. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period last year, the firm earned $0.58 earnings per share. The company’s revenue for the quarter was up 36.4% compared to the same quarter last year. On average, equities analysts anticipate that Ally Financial Inc. will post 5.28 earnings per share for the current year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. Ally Financial’s dividend payout ratio (DPR) is presently 29.27%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ALLY. Wall Street Zen cut Ally Financial from a “buy” rating to a “hold” rating in a research note on Monday, June 8th. Bank of America raised their price objective on Ally Financial from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, April 10th. Morgan Stanley raised their price objective on Ally Financial from $53.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. reduced their price objective on Ally Financial from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Finally, Barclays raised their price objective on Ally Financial from $54.00 to $56.00 and gave the company an “equal weight” rating in a research note on Monday, April 20th. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ally Financial has a consensus rating of “Moderate Buy” and a consensus price target of $54.14.

Insider Activity

In related news, insider Stephanie N. Richard sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $42.14, for a total value of $210,700.00. Following the sale, the insider directly owned 93,927 shares of the company’s stock, valued at $3,958,083.78. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Douglas R. Timmerman sold 39,675 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $45.17, for a total value of $1,792,119.75. Following the completion of the sale, the insider directly owned 477,627 shares in the company, valued at $21,574,411.59. The trade was a 7.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.46% of the stock is owned by company insiders.

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.