Shell Asset Management Co. Has $4.58 Million Stock Position in Ally Financial Inc. (NYSE:ALLY)

Shell Asset Management Co. increased its stake in Ally Financial Inc. (NYSE:ALLYGet Rating) by 8.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 96,103 shares of the financial services provider’s stock after acquiring an additional 7,615 shares during the quarter. Shell Asset Management Co.’s holdings in Ally Financial were worth $4,575,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Corient Capital Partners LLC lifted its stake in Ally Financial by 4.5% in the third quarter. Corient Capital Partners LLC now owns 5,070 shares of the financial services provider’s stock valued at $259,000 after buying an additional 218 shares during the period. Sara Bay Financial lifted its stake in Ally Financial by 2.2% in the fourth quarter. Sara Bay Financial now owns 10,195 shares of the financial services provider’s stock valued at $485,000 after buying an additional 218 shares during the period. IndexIQ Advisors LLC lifted its stake in Ally Financial by 3.8% in the third quarter. IndexIQ Advisors LLC now owns 6,366 shares of the financial services provider’s stock valued at $325,000 after buying an additional 231 shares during the period. Captrust Financial Advisors raised its position in shares of Ally Financial by 4.8% during the third quarter. Captrust Financial Advisors now owns 5,297 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 241 shares during the period. Finally, Clear Creek Financial Management LLC raised its position in shares of Ally Financial by 3.0% during the fourth quarter. Clear Creek Financial Management LLC now owns 8,398 shares of the financial services provider’s stock worth $400,000 after purchasing an additional 246 shares during the period. 92.69% of the stock is currently owned by institutional investors.

ALLY has been the topic of a number of research reports. Piper Sandler lowered their target price on Ally Financial from $54.00 to $47.00 and set a “neutral” rating on the stock in a research report on Monday, April 18th. Morgan Stanley lowered their target price on Ally Financial from $73.00 to $55.00 and set an “overweight” rating on the stock in a research report on Monday, March 28th. Raymond James decreased their price target on Ally Financial from $57.00 to $50.00 and set an “outperform” rating for the company in a report on Monday, April 18th. Wells Fargo & Company decreased their price target on Ally Financial from $57.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, April 18th. Finally, StockNews.com initiated coverage on Ally Financial in a report on Thursday, March 31st. They set a “hold” rating for the company. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $59.92.

Shares of NYSE:ALLY traded down $1.28 on Friday, hitting $39.96. The company’s stock had a trading volume of 4,178,182 shares, compared to its average volume of 4,387,549. The company has a 50-day simple moving average of $43.82 and a 200 day simple moving average of $47.25. Ally Financial Inc. has a 1 year low of $39.76 and a 1 year high of $56.61. The company has a market capitalization of $13.24 billion, a PE ratio of 5.03, a PEG ratio of 0.16 and a beta of 1.36. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.88 and a quick ratio of 0.88.

Ally Financial (NYSE:ALLYGet Rating) last announced its quarterly earnings data on Thursday, April 14th. The financial services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $1.93 by $0.10. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.13 billion. Ally Financial had a return on equity of 20.89% and a net margin of 34.73%. The company’s revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.09 EPS. On average, equities research analysts expect that Ally Financial Inc. will post 7.84 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 16th. Stockholders of record on Monday, May 2nd will be given a dividend of $0.30 per share. The ex-dividend date is Friday, April 29th. This represents a $1.20 annualized dividend and a dividend yield of 3.00%. Ally Financial’s dividend payout ratio (DPR) is presently 15.09%.

In related news, insider Douglas R. Timmerman sold 2,916 shares of the firm’s stock in a transaction that occurred on Tuesday, February 1st. The stock was sold at an average price of $47.78, for a total transaction of $139,326.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jason E. Schugel sold 2,500 shares of Ally Financial stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $49.21, for a total value of $123,025.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,916 shares of company stock worth $374,851 over the last quarter. Corporate insiders own 0.57% of the company’s stock.

Ally Financial Profile (Get Rating)

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through four segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations.

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Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

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