Ally Financial Inc. $ALLY is Moore Capital Management LP’s 8th Largest Position

Moore Capital Management LP lessened its position in shares of Ally Financial Inc. (NYSE:ALLY) by 29.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,491,829 shares of the financial services provider’s stock after selling 636,000 shares during the quarter. Ally Financial accounts for 1.0% of Moore Capital Management LP’s portfolio, making the stock its 8th biggest holding. Moore Capital Management LP’s holdings in Ally Financial were worth $67,565,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ALLY. NewSquare Capital LLC grew its holdings in Ally Financial by 21,520.9% during the third quarter. NewSquare Capital LLC now owns 27,891 shares of the financial services provider’s stock valued at $1,093,000 after purchasing an additional 27,762 shares during the period. Prana Capital Management LP grew its holdings in Ally Financial by 177.3% during the third quarter. Prana Capital Management LP now owns 178,762 shares of the financial services provider’s stock valued at $7,007,000 after purchasing an additional 114,305 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Ally Financial during the third quarter valued at about $1,194,000. Danica Pension Livsforsikringsaktieselskab bought a new stake in Ally Financial during the third quarter valued at about $45,733,000. Finally, American Century Companies Inc. grew its holdings in Ally Financial by 30.9% during the third quarter. American Century Companies Inc. now owns 2,251,925 shares of the financial services provider’s stock valued at $88,276,000 after purchasing an additional 531,269 shares during the period. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Insider Buying and Selling

In related news, insider Stephanie N. Richard sold 5,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $42.14, for a total transaction of $210,700.00. Following the completion of the transaction, the insider directly owned 93,927 shares of the company’s stock, valued at approximately $3,958,083.78. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Douglas R. Timmerman sold 39,675 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $45.17, for a total value of $1,792,119.75. Following the transaction, the insider directly owned 477,627 shares of the company’s stock, valued at approximately $21,574,411.59. The trade was a 7.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.46% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ALLY. Bank of America boosted their price target on Ally Financial from $51.00 to $52.00 and gave the company a “buy” rating in a report on Friday, April 10th. The Goldman Sachs Group boosted their price target on Ally Financial from $50.00 to $56.00 and gave the company a “buy” rating in a report on Monday, April 20th. Barclays boosted their price target on Ally Financial from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. Wall Street Zen lowered Ally Financial from a “buy” rating to a “hold” rating in a research note on Monday, June 8th. Finally, Evercore reaffirmed an “outperform” rating and issued a $54.00 price objective on shares of Ally Financial in a research note on Tuesday, April 21st. Fourteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $54.14.

Ally Financial Stock Performance

NYSE ALLY opened at $45.44 on Thursday. The firm has a market cap of $13.93 billion, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of 0.28 and a beta of 1.10. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.31. The business has a 50-day moving average price of $43.14 and a 200-day moving average price of $42.41. Ally Financial Inc. has a twelve month low of $35.92 and a twelve month high of $47.27.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Friday, April 17th. The financial services provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.18. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.14 billion. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The business’s quarterly revenue was up 36.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.58 earnings per share. As a group, equities research analysts predict that Ally Financial Inc. will post 5.28 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. Ally Financial’s dividend payout ratio is 29.27%.

About Ally Financial

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.