Gabelli Funds LLC Sells 1,700 Shares of Ally Financial Inc. (NYSE:ALLY)

Gabelli Funds LLC lessened its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,685 shares of the financial services provider’s stock after selling 1,700 shares during the quarter. Gabelli Funds LLC’s holdings in Ally Financial were worth $1,033,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Principal Securities Inc. lifted its holdings in shares of Ally Financial by 89.4% in the fourth 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 bought a new stake in Ally Financial in the 4th quarter valued at $43,000. UMB Bank n.a. lifted its stake in 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 purchasing an additional 1,061 shares in the last quarter. Harbour Investments Inc. boosted its holdings in shares of Ally Financial by 38.5% during the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 595 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Ally Financial during the fourth quarter valued at about $78,000. 88.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALLY has been the subject of several research analyst reports. Compass Point upgraded Ally Financial from a “neutral” rating to a “buy” rating and raised their price target for the company from $37.00 to $41.00 in a report on Monday, April 7th. Truist Financial cut their target price on shares of Ally Financial from $47.00 to $45.00 and set a “buy” rating for the company in a report on Friday, April 4th. 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. JPMorgan Chase & Co. reduced their target price on shares of Ally Financial from $43.00 to $36.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Finally, StockNews.com downgraded shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Two equities research 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 MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $42.06.

Ally Financial Trading Down 1.8 %

ALLY stock opened at $31.61 on Friday. Ally Financial Inc. has a 12 month low of $29.52 and a 12 month high of $45.46. The firm’s 50-day moving average is $35.14 and its 200 day moving average is $36.19. The company has a market capitalization of $9.71 billion, a PE ratio of 12.16, a P/E/G ratio of 0.32 and a beta of 1.12. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93.

Ally Financial (NYSE:ALLY) last issued its earnings results on Thursday, April 17th. The financial services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.15. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the company posted $0.45 earnings per share. On average, research analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Thursday, May 1st. Ally Financial’s dividend payout ratio is 88.24%.

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 shares were purchased at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the purchase, the chief executive officer now owns 25,634 shares in the company, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Russell E. Hutchinson acquired 19,100 shares of Ally Financial stock in a transaction that occurred on Friday, January 24th. The stock was acquired at an average cost of $39.45 per share, with a total value of $753,495.00. Following the purchase, the chief financial officer now directly owns 202,845 shares of the company’s stock, valued at $8,002,235.25. This represents a 10.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company’s stock.

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.