Ally Financial Inc. (NYSE:ALLY) Holdings Lifted by GAMMA Investing LLC

GAMMA Investing LLC grew its position in Ally Financial Inc. (NYSE:ALLY) by 5,028.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 120,169 shares of the financial services provider’s stock after purchasing an additional 117,826 shares during the period. GAMMA Investing LLC’s holdings in Ally Financial were worth $4,383,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc lifted its holdings in Ally Financial by 65.8% in the first quarter. Versant Capital Management Inc now owns 2,899 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 1,150 shares during the period. California State Teachers Retirement System lifted its holdings in Ally Financial by 26.1% in the fourth quarter. California State Teachers Retirement System now owns 457,976 shares of the financial services provider’s stock worth $16,492,000 after purchasing an additional 94,752 shares during the period. Total Wealth Planning & Management Inc. acquired a new stake in shares of Ally Financial in the 4th quarter worth approximately $378,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Ally Financial in the fourth quarter worth approximately $3,830,000. Finally, Mackenzie Financial Corp lifted its position in Ally Financial by 104.9% in the fourth quarter. Mackenzie Financial Corp now owns 77,137 shares of the financial services provider’s stock worth $2,778,000 after purchasing an additional 39,493 shares during the period. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wall Street Zen upgraded Ally Financial from a “sell” rating to a “hold” rating in a report on Friday, May 23rd. Morgan Stanley cut their price target on shares of Ally Financial from $45.00 to $39.00 and set an “outperform” rating for the company in a report 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. Bank of America cut their price target on shares of Ally Financial from $42.00 to $38.00 and set a “buy” rating for the company in a report on Monday, April 7th. Truist Financial cut their target price on shares of Ally Financial from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Finally, Compass Point raised shares of Ally Financial from a “neutral” rating to a “buy” rating and increased their target price for the company from $37.00 to $41.00 in a research note on Monday, April 7th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $41.69.

Ally Financial Price Performance

ALLY opened at $36.78 on Wednesday. The stock has a fifty day moving average of $33.70 and a 200-day moving average of $35.83. The firm has a market capitalization of $11.30 billion, a P/E ratio of 14.14, a PEG ratio of 0.32 and a beta of 1.14. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $45.46. 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 (NYSE:ALLY) last announced 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. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $2.04 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. During the same period in the prior year, the business earned $0.45 EPS. Equities analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Thursday, May 1st. Ally Financial’s dividend payout ratio (DPR) is 88.24%.

Insider Transactions at Ally Financial

In related news, insider Stephanie N. Richard sold 8,000 shares of the stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total transaction of $257,120.00. Following the completion of the sale, the insider now directly owns 90,387 shares in the company, valued at approximately $2,905,038.18. This trade represents a 8.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Russell E. Hutchinson purchased 8,200 shares of the business’s stock in a transaction dated Tuesday, April 22nd. The shares were purchased at an average cost of $30.81 per share, with a total value of $252,642.00. Following the completion of the purchase, the chief financial officer now directly owns 236,421 shares in the company, valued at approximately $7,284,131.01. This represents a 3.59% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

About Ally Financial

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.