Thrivent Financial for Lutherans Purchases 20,198 Shares of Ally Financial Inc. $ALLY

Thrivent Financial for Lutherans grew its position in Ally Financial Inc. (NYSE:ALLY) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,867,023 shares of the financial services provider’s stock after purchasing an additional 20,198 shares during the quarter. Thrivent Financial for Lutherans owned approximately 1.26% of Ally Financial worth $175,137,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Ally Financial in the 4th quarter valued at $29,000. SBI Securities Co. Ltd. boosted its stake in shares of Ally Financial by 43.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 904 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 276 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Ally Financial by 67.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,072 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 430 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Ally Financial by 98.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,111 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 552 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Ally Financial by 53.5% in the 3rd quarter. Allworth Financial LP now owns 1,154 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 402 shares during the last quarter. 88.76% of the stock is owned by institutional investors.

Ally Financial Stock Up 1.5%

Shares of NYSE ALLY opened at $42.34 on Friday. The firm has a market cap of $12.98 billion, a PE ratio of 10.33, a P/E/G ratio of 0.25 and a beta of 1.12. Ally Financial Inc. has a 12-month low of $32.50 and a 12-month high of $47.27. The company’s fifty day simple moving average is $41.03 and its 200 day simple moving average is $41.83. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.31.

Ally Financial (NYSE:ALLY) last issued its earnings results on Friday, April 17th. The financial services provider reported $1.11 earnings per share (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 business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the firm earned $0.58 earnings per share. Ally Financial’s revenue was up 36.4% on a year-over-year basis. As a group, sell-side analysts forecast that Ally Financial Inc. will post 5.3 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, May 1st. This represents a $1.20 annualized dividend and a yield of 2.8%. Ally Financial’s dividend payout ratio is presently 29.27%.

Insiders Place Their Bets

In other Ally Financial news, insider Douglas R. Timmerman sold 39,675 shares of the company’s 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 transaction, the insider owned 477,627 shares in the company, valued at approximately $21,574,411.59. This represents a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ALLY. Deutsche Bank Aktiengesellschaft increased their target price on shares of Ally Financial from $55.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. JPMorgan Chase & Co. cut their target price on shares of Ally Financial from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Weiss Ratings raised shares of Ally Financial from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Morgan Stanley increased 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. Finally, Truist Financial set a $54.00 target price on shares of Ally Financial in a research note 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’s stock. According to MarketBeat.com, Ally Financial presently has a consensus rating of “Moderate Buy” and an average price target of $54.14.

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.