RBF Capital LLC Sells 20,000 Shares of Ally Financial Inc. $ALLY

RBF Capital LLC trimmed its position in Ally Financial Inc. (NYSE:ALLY) by 20.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 80,000 shares of the financial services provider’s stock after selling 20,000 shares during the quarter. RBF Capital LLC’s holdings in Ally Financial were worth $3,623,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in Ally Financial in the 4th quarter valued at about $29,000. Fideuram Asset Management Ireland dac bought a new position in Ally Financial in the 4th quarter valued at about $35,000. Harvest Fund Management Co. Ltd bought a new position in Ally Financial in the 4th quarter valued at about $38,000. CIBC Private Wealth Group LLC raised its holdings in Ally Financial by 805.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 896 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 797 shares during the period. Finally, SBI Securities Co. Ltd. raised its holdings in Ally Financial by 43.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 904 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 276 shares during the period. 88.76% of the stock is owned by institutional investors.

Ally Financial Stock Up 0.6%

Shares of ALLY opened at $45.70 on Wednesday. Ally Financial Inc. has a 12 month low of $35.92 and a 12 month high of $47.27. The firm’s 50 day moving average is $43.04 and its 200-day moving average is $42.38. The stock has a market capitalization of $14.01 billion, a PE ratio of 11.15, a P/E/G ratio of 0.28 and a beta of 1.10. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.31.

Ally Financial (NYSE:ALLY) last announced its earnings results on Friday, April 17th. The financial services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $0.93 by $0.18. Ally Financial had a net margin of 16.47% and a return on equity of 11.41%. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period last year, the firm earned $0.58 earnings per share. The business’s revenue for the quarter was up 36.4% on a year-over-year basis. Equities research analysts forecast that Ally Financial Inc. will post 5.28 EPS for the current year.

Ally Financial Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Evercore reissued an “outperform” rating and issued a $54.00 price target on shares of Ally Financial in a report on Tuesday, April 21st. Barclays increased their price target on shares of Ally Financial from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. Weiss Ratings cut shares of Ally Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. The Goldman Sachs Group increased their price target on shares of Ally Financial from $50.00 to $56.00 and gave the company a “buy” rating in a report on Monday, April 20th. Finally, Bank of America increased their price target on shares of Ally Financial from $51.00 to $52.00 and gave the company a “buy” rating in a report on Friday, April 10th. Fourteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $54.14.

Insider Activity at Ally Financial

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

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.