Ally Financial Inc. $ALLY Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. lessened its holdings in Ally Financial Inc. (NYSE:ALLY) by 56.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,937 shares of the financial services provider’s stock after selling 27,979 shares during the period. Fox Run Management L.L.C.’s holdings in Ally Financial were worth $860,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Allworth Financial LP increased its position in shares of Ally Financial by 385.2% in the second quarter. Allworth Financial LP now owns 752 shares of the financial services provider’s stock valued at $29,000 after buying an additional 597 shares in the last quarter. Mather Group LLC. purchased a new position in shares of Ally Financial during the 3rd quarter valued at approximately $31,000. Hantz Financial Services Inc. grew its stake in Ally Financial by 662.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 823 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 715 shares during the period. Westside Investment Management Inc. grew its stake in Ally Financial by 116.8% in the 2nd quarter. Westside Investment Management Inc. now owns 837 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 451 shares during the period. Finally, MAI Capital Management increased its holdings in Ally Financial by 45.1% in the 2nd quarter. MAI Capital Management now owns 975 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 303 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $52.00 target price on shares of Ally Financial in a research report on Monday, January 12th. BTIG Research reiterated a “neutral” rating on shares of Ally Financial in a research note on Tuesday, January 6th. Morgan Stanley set a $53.00 target price on Ally Financial and gave the company an “overweight” rating in a report on Tuesday, December 16th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $55.00 price target on shares of Ally Financial in a research note on Tuesday, January 6th. Finally, UBS Group set a $48.00 price target on Ally Financial in a research report on Monday, January 12th. Fourteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.31.

Insider Buying and Selling at Ally Financial

In other news, CFO Russell E. Hutchinson bought 11,566 shares of Ally Financial stock in a transaction on Tuesday, January 27th. The shares were bought at an average cost of $43.17 per share, with a total value of $499,304.22. Following the completion of the purchase, the chief financial officer directly owned 225,336 shares of the company’s stock, valued at approximately $9,727,755.12. This trade represents a 5.41% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael George Rhodes purchased 23,800 shares of the company’s stock in a transaction dated Friday, January 23rd. The stock was purchased at an average cost of $41.68 per share, with a total value of $991,984.00. Following the purchase, the chief executive officer owned 49,434 shares in the company, valued at approximately $2,060,409.12. This trade represents a 92.85% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.67% of the stock is owned by insiders.

Ally Financial Trading Up 1.0%

Shares of Ally Financial stock opened at $41.92 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.92 and a quick ratio of 0.92. The stock’s 50 day simple moving average is $43.44 and its 200-day simple moving average is $41.62. The stock has a market cap of $12.91 billion, a P/E ratio of 17.84, a P/E/G ratio of 0.21 and a beta of 1.19. Ally Financial Inc. has a 1-year low of $29.52 and a 1-year high of $47.27.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Ally Financial had a return on equity of 10.40% and a net margin of 10.77%.The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 earnings per share. Analysts predict that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, February 2nd. Ally Financial’s payout ratio is currently 51.06%.

Ally Financial declared that its board has approved a share repurchase plan on Wednesday, December 10th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to repurchase up to 15.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Ally Financial 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.