RBF Capital LLC Has $3.62 Million Stock Position in Ally Financial Inc. $ALLY

RBF Capital LLC decreased its position in Ally Financial Inc. (NYSE:ALLY) by 20.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 80,000 shares of the financial services provider’s stock after selling 20,000 shares during the period. RBF Capital LLC’s holdings in Ally Financial were worth $3,623,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brown Brothers Harriman & Co. grew its holdings in shares of Ally Financial by 31.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,052 shares of the financial services provider’s stock valued at $48,000 after buying an additional 252 shares during the period. Sweeney & Michel LLC boosted its stake in Ally Financial by 4.0% in the 3rd quarter. Sweeney & Michel LLC now owns 6,663 shares of the financial services provider’s stock worth $246,000 after purchasing an additional 256 shares during the period. Triumph Capital Management boosted its stake in Ally Financial by 9.2% in the 4th quarter. Triumph Capital Management now owns 3,133 shares of the financial services provider’s stock worth $142,000 after purchasing an additional 265 shares during the period. Larson Financial Group LLC boosted its stake in Ally Financial by 25.0% in the 4th quarter. Larson Financial Group LLC now owns 1,340 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 268 shares during the period. Finally, Root Financial Partners LLC boosted its stake in 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 purchasing an additional 274 shares during the period. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Trading Up 0.6%

Shares of NYSE:ALLY opened at $45.70 on Wednesday. The company’s 50-day moving average price is $43.04 and its two-hundred day moving average price is $42.38. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.93. Ally Financial Inc. has a one year low of $35.92 and a one year high of $47.27. The stock has a market capitalization of $14.01 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 0.28 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 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $2.14 billion. During the same period in the previous year, the firm posted $0.58 EPS. The company’s revenue for the quarter was up 36.4% on a year-over-year basis. On average, equities analysts forecast that Ally Financial Inc. will post 5.28 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, May 1st. Ally Financial’s dividend payout ratio is presently 29.27%.

Wall Street Analysts Forecast Growth

ALLY has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Ally Financial from $48.00 to $46.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Truist Financial set a $54.00 target price on shares of Ally Financial in a research note on Tuesday, April 21st. Bank of America upped their target price on shares of Ally Financial from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. Wall Street Zen lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Monday, June 8th. Finally, Morgan Stanley upped their target price 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. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $54.14.

Insider Transactions at Ally Financial

In other news, insider Douglas R. Timmerman sold 39,675 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $45.17, for a total value of $1,792,119.75. Following the sale, the insider directly owned 477,627 shares of the company’s stock, valued at approximately $21,574,411.59. This represents a 7.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephanie N. Richard sold 5,000 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $42.14, for a total transaction of $210,700.00. Following the completion of the sale, the insider directly owned 93,927 shares in the company, valued at approximately $3,958,083.78. The trade was a 5.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.46% of the stock is currently owned by corporate insiders.

Ally Financial Profile

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.