Toronto Dominion Bank Buys 1,309 Shares of Ally Financial Inc. (NYSE:ALLY)

Toronto Dominion Bank increased its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,804 shares of the financial services provider’s stock after acquiring an additional 1,309 shares during the quarter. Toronto Dominion Bank’s holdings in Ally Financial were worth $1,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. EP Wealth Advisors LLC grew its position in Ally Financial by 4.9% during the 4th quarter. EP Wealth Advisors LLC now owns 6,367 shares of the financial services provider’s stock worth $229,000 after acquiring an additional 297 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Ally Financial by 2.1% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,332 shares of the financial services provider’s stock worth $552,000 after buying an additional 320 shares during the period. Lido Advisors LLC lifted its holdings in Ally Financial by 5.9% in the 4th quarter. Lido Advisors LLC now owns 6,455 shares of the financial services provider’s stock worth $232,000 after buying an additional 359 shares during the period. Waterfront Wealth Inc. lifted its holdings in Ally Financial by 0.8% in the 4th quarter. Waterfront Wealth Inc. now owns 50,924 shares of the financial services provider’s stock worth $1,834,000 after buying an additional 389 shares during the period. Finally, Principal Securities Inc. lifted its holdings in Ally Financial by 89.4% in the 4th 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 during the period. 88.76% of the stock is currently owned by institutional investors.

Insider Activity at Ally Financial

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

Ally Financial Stock Down 0.9%

ALLY stock opened at $33.63 on Friday. Ally Financial Inc. has a twelve month low of $29.52 and a twelve 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. The firm has a market cap of $10.33 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14. The business has a 50 day moving average of $33.97 and a 200 day moving average of $35.96.

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

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend was Thursday, May 1st. Ally Financial’s dividend payout ratio (DPR) is presently 88.24%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ALLY. Compass Point upgraded Ally Financial from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $37.00 to $41.00 in a report on Monday, April 7th. Wells Fargo & Company dropped their price objective on Ally Financial from $34.00 to $32.00 and set an “underweight” rating for the company in a report on Monday, April 21st. BTIG Research cut Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 price objective for the company. in a report on Tuesday, March 25th. The Goldman Sachs Group raised their target price on Ally Financial from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, April 1st. Finally, Morgan Stanley lowered their target price on Ally Financial from $45.00 to $39.00 and set an “outperform” rating for the company 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $41.69.

Ally Financial Profile

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.