Natixis Advisors LLC Raises Holdings in Ally Financial Inc. $ALLY

Natixis Advisors LLC increased its holdings in Ally Financial Inc. (NYSE:ALLY) by 8.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 838,939 shares of the financial services provider’s stock after buying an additional 65,719 shares during the quarter. Natixis Advisors LLC’s holdings in Ally Financial were worth $37,995,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ALLY. Root Financial Partners LLC boosted its stake in shares of Ally Financial by 13.4% in the 4th quarter. Root Financial Partners LLC now owns 2,317 shares of the financial services provider’s stock worth $105,000 after buying an additional 274 shares during the last quarter. Norges Bank purchased a new stake in Ally Financial during the fourth quarter valued at $157,610,000. Eurizon Capital SGR S.p.A. bought a new position in Ally Financial in the fourth quarter valued at about $123,000. Fideuram Asset Management Ireland dac bought a new position in Ally Financial in the fourth quarter valued at about $35,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Ally Financial by 10.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 87,292 shares of the financial services provider’s stock worth $3,953,000 after purchasing an additional 8,207 shares during the last quarter. Institutional investors own 88.76% of the company’s stock.

Insider Buying and Selling at Ally Financial

In related news, insider Douglas R. Timmerman sold 39,675 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $21,574,411.59. This represents a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stephanie N. Richard sold 5,000 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $42.14, for a total value of $210,700.00. Following the sale, the insider owned 93,927 shares of the company’s stock, valued at approximately $3,958,083.78. This represents a 5.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ALLY. Wall Street Zen raised shares of Ally Financial from a “hold” rating to a “buy” rating in a research report on Sunday. Barclays lifted their target price on Ally Financial from $54.00 to $56.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. Morgan Stanley upped their price target on shares of Ally Financial from $53.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, April 20th. Truist Financial set a $54.00 price objective on Ally Financial in a research note on Tuesday, April 21st. Finally, Evercore restated an “outperform” rating and set a $54.00 target price on shares of Ally Financial in a research report on Tuesday, April 21st. Fourteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $54.14.

Ally Financial Stock Performance

Shares of NYSE:ALLY opened at $41.01 on Thursday. 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 firm’s 50 day simple moving average is $42.25 and its 200-day simple moving average is $42.09. The firm has a market cap of $12.57 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 0.26 and a beta of 1.10. Ally Financial Inc. has a one year low of $34.74 and a one year high of $47.27.

Ally Financial (NYSE:ALLY) last issued its earnings results on Friday, April 17th. The financial services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.18. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the prior year, the business earned $0.58 EPS. The business’s revenue for the quarter was up 36.4% compared to the same quarter last year. As a group, equities analysts predict that Ally Financial Inc. will post 5.3 EPS for the current year.

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 2.9%. Ally Financial’s payout ratio is 29.27%.

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.