Y Intercept Hong Kong Ltd Has $8.25 Million Stock Position in Ally Financial Inc. $ALLY

Y Intercept Hong Kong Ltd reduced its stake in Ally Financial Inc. (NYSE:ALLY) by 26.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 182,044 shares of the financial services provider’s stock after selling 65,341 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Ally Financial were worth $8,245,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Ally Financial in the fourth quarter worth approximately $29,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Ally Financial in the fourth quarter worth approximately $35,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Ally Financial in the fourth quarter worth approximately $38,000. SBI Securities Co. Ltd. lifted 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 period. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of Ally Financial by 805.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 896 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 797 shares during the period. 88.76% of the stock is owned by institutional investors and hedge funds.

Ally Financial Price Performance

Shares of ALLY opened at $44.41 on Friday. Ally Financial Inc. has a 52-week low of $35.90 and a 52-week high of $47.27. 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 business’s 50 day moving average price is $42.81 and its two-hundred day moving average price is $42.29. The firm has a market cap of $13.61 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 0.26 and a beta of 1.10.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Friday, April 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the firm earned $0.58 earnings per share. The company’s revenue was up 36.4% compared to the same quarter last year. On average, equities 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 $0.30 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.20 annualized dividend and a yield of 2.7%. Ally Financial’s payout ratio is 29.27%.

Insider Buying and Selling

In other news, insider Douglas R. Timmerman sold 39,675 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $45.17, for a total transaction of $1,792,119.75. Following the transaction, the insider directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Stephanie N. Richard sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $42.14, for a total value of $210,700.00. Following the transaction, the insider directly owned 93,927 shares in the company, valued at $3,958,083.78. The trade was a 5.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.46% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on ALLY shares. Evercore reaffirmed an “outperform” rating and issued a $54.00 price objective on shares of Ally Financial in a research note on Tuesday, April 21st. Truist Financial set a $54.00 price objective on Ally Financial in a research note on Tuesday, April 21st. Barclays lifted their price objective on Ally Financial from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Bank of America lifted their price objective on Ally Financial from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. Finally, Morgan Stanley boosted their price target on Ally Financial from $53.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Fourteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.