Goldman Sachs Group Inc. Reduces Holdings in Ally Financial Inc. (NYSE:ALLY)

Goldman Sachs Group Inc. lowered its position in shares of Ally Financial Inc. (NYSE:ALLY – Get Rating) by 23.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,816,273 shares of the financial services provider’s stock after selling 1,482,118 shares during the period. Goldman Sachs Group Inc. owned approximately 1.39% of Ally Financial worth $229,302,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Blair William & Co. IL grew its stake in Ally Financial by 2.1% during the 4th quarter. Blair William & Co. IL now owns 10,233 shares of the financial services provider’s stock valued at $487,000 after acquiring an additional 206 shares in the last quarter. Corient Capital Partners LLC grew its stake in shares of Ally Financial by 4.5% in the 3rd quarter. Corient Capital Partners LLC now owns 5,070 shares of the financial services provider’s stock valued at $259,000 after buying an additional 218 shares in the last quarter. Sara Bay Financial grew its stake in shares of Ally Financial by 2.2% in the 4th quarter. Sara Bay Financial now owns 10,195 shares of the financial services provider’s stock valued at $485,000 after buying an additional 218 shares in the last quarter. IndexIQ Advisors LLC grew its stake in shares of Ally Financial by 3.8% in the 3rd quarter. IndexIQ Advisors LLC now owns 6,366 shares of the financial services provider’s stock valued at $325,000 after buying an additional 231 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in shares of Ally Financial by 4.8% in the 3rd quarter. Captrust Financial Advisors now owns 5,297 shares of the financial services provider’s stock valued at $270,000 after buying an additional 241 shares in the last quarter. 94.42% of the stock is owned by institutional investors and hedge funds.

In other Ally Financial news, insider Jason E. Schugel sold 2,500 shares of the company’s stock in a transaction on Tuesday, April 19th. The stock was sold at an average price of $45.00, for a total value of $112,500.00. Following the sale, the insider now directly owns 82,476 shares in the company, valued at $3,711,420. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.57% of the company’s stock.

Several research firms recently weighed in on ALLY. Raymond James reduced their target price on Ally Financial from $57.00 to $50.00 and set an “outperform” rating for the company in a report on Monday, April 18th. Wells Fargo & Company reduced their target price on Ally Financial from $57.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, April 18th. Piper Sandler reduced their target price on Ally Financial from $54.00 to $47.00 and set a “neutral” rating for the company in a report on Monday, April 18th. Morgan Stanley reduced their target price on Ally Financial from $73.00 to $55.00 and set an “overweight” rating for the company in a report on Monday, March 28th. Finally, JPMorgan Chase & Co. lowered Ally Financial from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $65.00 to $56.00 in a report on Wednesday, January 19th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $59.92.

Shares of ALLY traded up $1.43 on Friday, reaching $39.58. 3,019,424 shares of the stock traded hands, compared to its average volume of 4,398,085. The firm has a market cap of $12.79 billion, a price-to-earnings ratio of 4.98, a P/E/G ratio of 0.15 and a beta of 1.32. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.86 and a quick ratio of 0.86. Ally Financial Inc. has a 12 month low of $37.05 and a 12 month high of $56.61. The stock’s 50-day moving average price is $42.54 and its 200-day moving average price is $46.43.

Ally Financial (NYSE:ALLY – Get Rating) last released its quarterly earnings data on Thursday, April 14th. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.10. The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Ally Financial had a return on equity of 21.56% and a net margin of 34.73%. Ally Financial’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.09 earnings per share. As a group, equities research analysts forecast that Ally Financial Inc. will post 7.84 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 16th. Stockholders of record on Monday, May 2nd will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Friday, April 29th. Ally Financial’s dividend payout ratio is presently 15.09%.

Ally Financial Profile (Get Rating)

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through four segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations.

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