Ally Financial Inc. (NYSE:ALLY) Shares Purchased by Barnett & Company Inc.

Barnett & Company Inc. boosted its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,620 shares of the financial services provider’s stock after purchasing an additional 1,700 shares during the quarter. Ally Financial makes up 1.5% of Barnett & Company Inc.’s investment portfolio, making the stock its 24th biggest holding. Barnett & Company Inc.’s holdings in Ally Financial were worth $2,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Oak Thistle LLC purchased a new stake in Ally Financial during the 4th quarter worth about $1,112,000. Point72 Asset Management L.P. purchased a new stake in Ally Financial during the third quarter worth approximately $21,571,000. State Street Corp boosted its holdings in Ally Financial by 0.5% in the third 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 in the last quarter. 140 Summer Partners LP purchased a new position in Ally Financial in the third quarter valued at approximately $19,140,000. Finally, Quantbot Technologies LP acquired a new stake in Ally Financial during the third quarter worth approximately $4,130,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ALLY shares. 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 boosted their target price on Ally Financial from $42.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Wells Fargo & Company upped their target price on Ally Financial from $32.00 to $34.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price objective on Ally Financial from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Jefferies Financial Group increased their price objective on Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ally Financial presently has a consensus rating of “Hold” and an average price target of $43.76.

Insider Transactions at Ally Financial

In other Ally Financial news, CEO Michael George Rhodes acquired 25,634 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was acquired at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the purchase, the chief executive officer now directly owns 25,634 shares in the company, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CFO Russell E. Hutchinson bought 19,100 shares of Ally Financial stock in a transaction that occurred on Friday, January 24th. The stock was bought at an average cost of $39.45 per share, for a total transaction of $753,495.00. Following the purchase, the chief financial officer now owns 202,845 shares in the company, valued at $8,002,235.25. This represents a 10.39 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company’s stock.

Ally Financial Price Performance

Shares of ALLY opened at $36.50 on Monday. 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 50 day moving average is $36.99 and its two-hundred day moving average is $36.37. The firm has a market capitalization of $11.21 billion, a PE ratio of 14.04, a P/E/G ratio of 0.32 and a beta of 1.40. Ally Financial Inc. has a twelve month low of $31.95 and a twelve month high of $45.46.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the company earned $0.45 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis. Research analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial’s dividend payout ratio is currently 46.15%.

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.