Oldfield Partners LLP Lowers Position in Ally Financial Inc. (NYSE:ALLY)

Oldfield Partners LLP lessened its holdings in Ally Financial Inc. (NYSE:ALLY) by 18.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 25,100 shares of the financial services provider’s stock after selling 5,500 shares during the quarter. Ally Financial comprises 0.3% of Oldfield Partners LLP’s investment portfolio, making the stock its 21st biggest position. Oldfield Partners LLP’s holdings in Ally Financial were worth $904,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. CIBC Asset Management Inc raised its position in shares of Ally Financial by 1.9% in the third quarter. CIBC Asset Management Inc now owns 15,638 shares of the financial services provider’s stock worth $557,000 after buying an additional 293 shares in the last quarter. Maverick Capital Ltd. raised its position in shares of Ally Financial by 1.2% in the third quarter. Maverick Capital Ltd. now owns 26,120 shares of the financial services provider’s stock worth $930,000 after buying an additional 299 shares in the last quarter. Blue Trust Inc. increased its stake in Ally Financial by 8.2% in the third quarter. Blue Trust Inc. now owns 4,660 shares of the financial services provider’s stock valued at $166,000 after acquiring an additional 352 shares during the last quarter. Allworth Financial LP increased its stake in Ally Financial by 41.9% in the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 421 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in Ally Financial by 153.9% in the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 577 shares during the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Price Performance

ALLY stock opened at $39.12 on Wednesday. The firm has a 50 day moving average price of $37.20 and a 200-day moving average price of $37.84. Ally Financial Inc. has a 52-week low of $31.95 and a 52-week high of $45.46. The firm has a market capitalization of $11.92 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 0.42 and a beta of 1.44. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.92 and a current ratio of 0.93.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period in the previous year, the business earned $0.45 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities research analysts forecast that Ally Financial Inc. will post 3.91 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a $0.30 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.07%. Ally Financial’s payout ratio is currently 46.15%.

Insider Buying and Selling

In related news, CFO Russell E. Hutchinson bought 19,100 shares of the business’s stock in a transaction on Friday, January 24th. The stock was acquired at an average price of $39.45 per share, with a total value of $753,495.00. Following the transaction, the chief financial officer now owns 202,845 shares in the company, valued at approximately $8,002,235.25. This trade represents a 10.39 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.67% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ALLY shares. StockNews.com cut Ally Financial from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Citigroup increased their target price on Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Barclays increased their target price on Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Wells Fargo & Company increased their target price on Ally Financial from $32.00 to $34.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. Finally, Wolfe Research cut Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $43.76.

Ally Financial Company Profile

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.