Ameriprise Financial Inc. Decreases Stake in Ally Financial Inc. (NYSE:ALLY)

Ameriprise Financial Inc. reduced its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 14.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 389,618 shares of the financial services provider’s stock after selling 67,572 shares during the period. Ameriprise Financial Inc. owned approximately 0.13% of Ally Financial worth $14,030,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in ALLY. Principal Securities Inc. boosted its position in shares of Ally Financial by 89.4% in the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock worth $38,000 after buying an additional 496 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Ally Financial in the 4th quarter worth about $43,000. UMB Bank n.a. boosted its position in shares of Ally Financial by 218.8% in the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock worth $56,000 after buying an additional 1,061 shares in the last quarter. Harbour Investments Inc. boosted its position in shares of Ally Financial by 38.5% in the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock worth $77,000 after buying an additional 595 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Ally Financial in the 4th quarter worth about $78,000. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and issued a $40.00 price objective on shares of Ally Financial in a research report on Monday, April 21st. Wells Fargo & Company decreased their price target on shares of Ally Financial from $34.00 to $32.00 and set an “underweight” rating on the stock in a research note on Monday, April 21st. StockNews.com raised shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. decreased their price target on shares of Ally Financial from $43.00 to $36.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Finally, Morgan Stanley decreased their price target on shares of Ally Financial from $45.00 to $39.00 and set an “outperform” rating on the stock in a research note on Monday, April 7th. For consumer lenders, the Trump Administration’s hardline approach to tariffs is “difficult to ignore” and there’s clearly more downside to the group if tariffs remain near current levels. If tariffs remain in place, risks to growth would skew meaningfully to the downside and risks to inflation to the upside, adds the analyst, who is downgrading the firm’s Consumer Finance industry view to Cautious from Attractive. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $41.69.

Ally Financial Price Performance

ALLY opened at $36.03 on Friday. 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 Inc. has a 52-week low of $29.52 and a 52-week high of $45.46. The company has a 50 day moving average of $33.91 and a two-hundred day moving average of $35.97. The company has a market cap of $11.07 billion, a P/E ratio of 13.86, a P/E/G ratio of 0.32 and a beta of 1.14.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.15. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the firm earned $0.45 earnings per share. On average, analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.20 annualized dividend and a yield of 3.33%. Ally Financial’s dividend payout ratio is currently 88.24%.

Insider Activity

In other news, insider Stephanie N. Richard sold 8,000 shares of Ally Financial stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total transaction of $257,120.00. Following the sale, the insider now owns 90,387 shares in the company, valued at $2,905,038.18. This trade represents a 8.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Russell E. Hutchinson purchased 8,200 shares of the company’s stock in a transaction that occurred on Tuesday, April 22nd. The stock was bought at an average price of $30.81 per share, with a total value of $252,642.00. Following the purchase, the chief financial officer now owns 236,421 shares of the company’s stock, valued at approximately $7,284,131.01. The trade was a 3.59% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.56% of the company’s stock.

Ally Financial Company 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.