Thrivent Financial for Lutherans Has $175.14 Million Stock Holdings in Ally Financial Inc. $ALLY

Thrivent Financial for Lutherans boosted its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,867,023 shares of the financial services provider’s stock after acquiring an additional 20,198 shares during the period. Thrivent Financial for Lutherans’ holdings in Ally Financial were worth $175,137,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Ally Financial in the fourth quarter valued at about $29,000. SBI Securities Co. Ltd. boosted its holdings in Ally Financial by 43.9% during the fourth quarter. SBI Securities Co. Ltd. now owns 904 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 276 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Ally Financial by 67.0% during the third quarter. Larson Financial Group LLC now owns 1,072 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 430 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Ally Financial by 98.7% during the third quarter. Smartleaf Asset Management LLC now owns 1,111 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 552 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in Ally Financial by 53.5% during the third quarter. Allworth Financial LP now owns 1,154 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 402 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Insider Transactions at Ally Financial

In related news, insider Douglas R. Timmerman sold 39,675 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $45.17, for a total transaction of $1,792,119.75. Following the completion of the sale, the insider owned 477,627 shares in the company, valued at approximately $21,574,411.59. This trade represents a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.46% of the company’s stock.

Ally Financial Stock Performance

NYSE ALLY opened at $42.34 on Friday. Ally Financial Inc. has a 52-week low of $32.50 and a 52-week high of $47.27. The company has a 50-day simple moving average of $41.03 and a 200 day simple moving average of $41.83. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market capitalization of $12.98 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 0.25 and a beta of 1.12.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Friday, April 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.18. Ally Financial had a net margin of 16.47% and a return on equity of 11.41%. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the company posted $0.58 earnings per share. The firm’s quarterly revenue was up 36.4% compared to the same quarter last year. On average, research analysts predict that Ally Financial Inc. will post 5.3 EPS for the current year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, May 1st. Ally Financial’s dividend payout ratio (DPR) is 29.27%.

Wall Street Analyst Weigh In

ALLY has been the topic of several analyst reports. Bank of America boosted their price target on shares of Ally Financial from $51.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, April 10th. Weiss Ratings upgraded shares of Ally Financial from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Morgan Stanley boosted their price target on shares of Ally Financial from $53.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, April 20th. Wall Street Zen upgraded shares of Ally Financial from a “hold” rating to a “buy” rating in a report on Monday. Finally, Barclays boosted their price target on shares of Ally Financial from $54.00 to $56.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. Fourteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $54.14.

Ally Financial Company Profile

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.