Donald Smith & CO. Inc. Purchases 163,046 Shares of Ally Financial Inc. $ALLY

Donald Smith & CO. Inc. grew its position in Ally Financial Inc. (NYSE:ALLY) by 6.4% during the fourth quarter, HoldingsChannel reports. The firm owned 2,722,909 shares of the financial services provider’s stock after buying an additional 163,046 shares during the quarter. Ally Financial comprises approximately 2.3% of Donald Smith & CO. Inc.’s holdings, making the stock its 17th biggest position. Donald Smith & CO. Inc.’s holdings in Ally Financial were worth $123,321,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Ally Financial in the fourth quarter worth $29,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Ally Financial in the fourth quarter worth $35,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Ally Financial in the fourth quarter worth $38,000. SBI Securities Co. Ltd. grew its stake in shares of Ally Financial by 43.9% in the fourth quarter. SBI Securities Co. Ltd. now owns 904 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 276 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of Ally Financial by 67.0% in the third quarter. Larson Financial Group LLC now owns 1,072 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 430 shares during the last quarter. Institutional investors own 88.76% of the company’s stock.

Insiders Place Their Bets

In other Ally Financial news, insider Douglas R. Timmerman sold 39,675 shares of Ally Financial stock in a transaction 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 sale, the insider owned 477,627 shares in the company, valued at $21,574,411.59. The trade was a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stephanie N. Richard sold 5,000 shares of Ally Financial stock in a transaction on Friday, May 15th. The stock was sold at an average price of $42.14, for a total transaction of $210,700.00. Following the sale, the insider owned 93,927 shares in the company, valued at $3,958,083.78. This represents a 5.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.46% of the stock is owned by insiders.

Ally Financial Stock Down 3.3%

ALLY opened at $41.93 on Thursday. Ally Financial Inc. has a fifty-two week low of $35.90 and a fifty-two week high of $47.27. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.93. The firm’s fifty day moving average price is $42.63 and its two-hundred day moving average price is $42.24. The company has a market capitalization of $12.85 billion, a P/E ratio of 10.23, a P/E/G ratio of 0.26 and a beta of 1.10.

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

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were paid a dividend of $0.30 per share. The ex-dividend date 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 currently 29.27%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ALLY shares. Truist Financial set a $54.00 price objective on shares of Ally Financial in a research note on Tuesday, April 21st. Wall Street Zen downgraded shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Monday. Weiss Ratings downgraded shares of Ally Financial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. Morgan Stanley raised their price objective on shares of Ally Financial from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, April 20th. Finally, The Goldman Sachs Group raised their price objective on shares of Ally Financial from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Fourteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $54.14.

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.