Inceptionr LLC Makes New Investment in Ally Financial Inc. (NYSE:ALLY)

Inceptionr LLC acquired a new position in shares of Ally Financial Inc. (NYSE:ALLY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 12,149 shares of the financial services provider’s stock, valued at approximately $437,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALLY. US Bancorp DE boosted its position in Ally Financial by 4.2% during the third quarter. US Bancorp DE now owns 14,516 shares of the financial services provider’s stock worth $517,000 after purchasing an additional 590 shares during the period. Janney Montgomery Scott LLC boosted its position in Ally Financial by 68.8% during the third quarter. Janney Montgomery Scott LLC now owns 68,986 shares of the financial services provider’s stock worth $2,455,000 after purchasing an additional 28,114 shares during the period. Asset Management One Co. Ltd. boosted its position in Ally Financial by 46.2% during the third quarter. Asset Management One Co. Ltd. now owns 130,693 shares of the financial services provider’s stock worth $4,651,000 after purchasing an additional 41,315 shares during the period. CWA Asset Management Group LLC bought a new position in Ally Financial during the third quarter worth $1,338,000. Finally, Crossmark Global Holdings Inc. boosted its position in Ally Financial by 220.6% during the third quarter. Crossmark Global Holdings Inc. now owns 56,681 shares of the financial services provider’s stock worth $2,018,000 after purchasing an additional 39,000 shares during the period. 88.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Michael George Rhodes acquired 25,634 shares of the stock in a transaction dated Monday, January 27th. The stock was bought at an average price of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the purchase, the chief executive officer now directly owns 25,634 shares of the company’s stock, valued at $1,002,033.06. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Russell E. Hutchinson acquired 19,100 shares of the stock in a transaction dated Friday, January 24th. The stock was purchased at an average cost of $39.45 per share, with a total value of $753,495.00. Following the purchase, the chief financial officer now directly owns 202,845 shares of the company’s stock, valued at $8,002,235.25. This trade represents a 10.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Ally Financial Stock Down 0.9 %

ALLY stock opened at $34.68 on Friday. 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 company has a market cap of $10.65 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. Ally Financial Inc. has a 52 week low of $31.95 and a 52 week high of $45.46. The business has a 50-day simple moving average of $37.22 and a 200 day simple moving average of $36.97.

Ally Financial (NYSE:ALLY) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.57 by $0.21. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 earnings per share. Sell-side analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial’s payout ratio is 46.15%.

Analyst Upgrades and Downgrades

A number of research firms have commented on ALLY. Barclays lifted their price objective on shares of Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Truist Financial boosted their target price on shares of Ally Financial from $42.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. StockNews.com cut shares of Ally Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Morgan Stanley boosted their target price on shares of Ally Financial from $41.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group boosted their target price on shares of Ally Financial from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $43.76.

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.