AMF Tjanstepension AB Sells 156,809 Shares of Ally Financial Inc. (NYSE:ALLY)

AMF Tjanstepension AB lowered its stake in Ally Financial Inc. (NYSE:ALLY) by 52.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 140,015 shares of the financial services provider’s stock after selling 156,809 shares during the quarter. AMF Tjanstepension AB’s holdings in Ally Financial were worth $5,047,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its holdings in Ally Financial by 68.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 68,986 shares of the financial services provider’s stock valued at $2,455,000 after buying an additional 28,114 shares during the last quarter. Oak Thistle LLC bought a new position in Ally Financial in the 4th quarter valued at approximately $1,112,000. CWA Asset Management Group LLC bought a new position in Ally Financial in the 3rd quarter valued at approximately $1,338,000. Point72 Asset Management L.P. bought a new position in Ally Financial in the 3rd quarter valued at approximately $21,571,000. Finally, State Street Corp increased its position in Ally Financial by 0.5% during the 3rd quarter. State Street Corp now owns 10,704,719 shares of the financial services provider’s stock valued at $380,981,000 after purchasing an additional 51,426 shares during the period. Institutional investors own 88.76% of the company’s stock.

Insider Transactions at Ally Financial

In other news, CFO Russell E. Hutchinson acquired 19,100 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the chief financial officer now owns 202,845 shares in the company, valued at $8,002,235.25. The trade was a 10.39 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael George Rhodes acquired 25,634 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was purchased at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the acquisition, the chief executive officer now owns 25,634 shares in the company, valued at $1,002,033.06. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ALLY. Truist Financial increased their target price on shares of Ally Financial from $42.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. The Goldman Sachs Group increased their target price on shares of Ally Financial from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada increased their target price on shares of Ally Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Jefferies Financial Group increased their target price on shares of Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, StockNews.com downgraded shares of Ally Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $43.76.

Ally Financial Price Performance

Shares of NYSE:ALLY opened at $34.68 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. The stock’s fifty day simple moving average is $37.22 and its two-hundred day simple moving average is $36.97. Ally Financial Inc. has a 1-year low of $31.95 and a 1-year high of $45.46. The stock has a market cap of $10.65 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40.

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

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Friday, January 31st. Ally Financial’s payout ratio is 46.15%.

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.