Callan Family Office LLC Purchases Shares of 6,839 Ally Financial Inc. (NYSE:ALLY)

Callan Family Office LLC purchased a new stake in shares of Ally Financial Inc. (NYSE:ALLY) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,839 shares of the financial services provider’s stock, valued at approximately $246,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ALLY. US Bancorp DE raised its holdings in Ally Financial by 4.2% in the third quarter. US Bancorp DE now owns 14,516 shares of the financial services provider’s stock valued at $517,000 after acquiring an additional 590 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of 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. Crossmark Global Holdings Inc. raised its holdings in shares of 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. Venturi Wealth Management LLC raised its holdings in shares of Ally Financial by 153.9% during the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 577 shares during the period. Finally, Versor Investments LP acquired a new stake in shares of Ally Financial during the third quarter worth $1,199,000. 88.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods upped their price target on shares of Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. The Goldman Sachs Group upped their price target on shares of Ally Financial from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Wolfe Research lowered shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. Truist Financial upped their price target on shares of Ally Financial from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada upped their price target on shares of Ally Financial from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Ally Financial has an average rating of “Hold” and a consensus target price of $43.76.

Insider Transactions at Ally Financial

In other news, CFO Russell E. Hutchinson bought 19,100 shares of Ally Financial stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now directly owns 202,845 shares in the company, valued at $8,002,235.25. This trade represents a 10.39 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael George Rhodes bought 25,634 shares of Ally Financial stock in a transaction that occurred on Monday, January 27th. The stock was purchased at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the transaction, the chief executive officer now owns 25,634 shares of the company’s stock, valued at $1,002,033.06. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by corporate insiders.

Ally Financial Trading Down 0.0 %

Shares of ALLY stock opened at $33.50 on Wednesday. Ally Financial Inc. has a 12 month low of $31.95 and a 12 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 business’s 50 day moving average is $37.12 and its two-hundred day moving average is $36.81. The company has a market cap of $10.29 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.57 by $0.21. The company had revenue of $2.09 billion for 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 company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 earnings per share. Equities analysts predict that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.30 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.58%. Ally Financial’s payout ratio is 46.15%.

About Ally Financial

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.