Ally Financial Inc. (NYSE:ALLY) Stock Holdings Increased by KBC Group NV

KBC Group NV raised its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 133.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 582,042 shares of the financial services provider’s stock after buying an additional 332,538 shares during the period. KBC Group NV’s holdings in Ally Financial were worth $20,960,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its holdings in Ally Financial by 153.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock worth $34,000 after buying an additional 577 shares during the period. Allworth Financial LP raised its holdings in shares of Ally Financial by 41.9% during the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 421 shares during the period. UMB Bank n.a. lifted 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 valued at $56,000 after acquiring an additional 1,061 shares in the last quarter. Quarry LP boosted its stake in Ally Financial by 311.4% in the 2nd quarter. Quarry LP now owns 1,510 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 1,143 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in Ally Financial during the 3rd quarter valued at $63,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Stock Down 0.2 %

Shares of Ally Financial stock opened at $39.14 on Wednesday. Ally Financial Inc. has a 12-month low of $31.95 and a 12-month high of $45.46. The stock has a market capitalization of $11.93 billion, a P/E ratio of 15.05, a PEG ratio of 0.42 and a beta of 1.44. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The stock has a 50 day moving average price of $37.13 and a two-hundred day moving average price of $37.87.

Ally Financial (NYSE:ALLY) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. Ally Financial’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business posted $0.45 EPS. Equities analysts expect that Ally Financial Inc. will post 3.91 earnings per share for the current year.

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a $0.30 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.07%. Ally Financial’s payout ratio is presently 46.15%.

Insider Buying and Selling

In related news, CFO Russell E. Hutchinson bought 19,100 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were acquired at an average price of $39.45 per share, with a total value of $753,495.00. Following the completion of the transaction, the chief financial officer now owns 202,845 shares of the company’s stock, valued at $8,002,235.25. The trade was a 10.39 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.67% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ALLY has been the topic of a number of research analyst reports. Raymond James upgraded Ally Financial from an “underperform” rating to a “market perform” rating in a report on Monday, October 21st. Truist Financial upped their target price on Ally Financial from $42.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday. StockNews.com downgraded shares of Ally Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Morgan Stanley increased their target price on shares of Ally Financial from $41.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Evercore ISI dropped their price target on shares of Ally Financial from $47.00 to $38.00 and set an “in-line” rating on the stock in a research note on Monday, October 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Ally Financial presently has an average rating of “Hold” and a consensus target price of $43.76.

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.