First Financial Corp IN Sells 427 Shares of Ally Financial Inc. (NYSE:ALLY)

First Financial Corp IN lessened its holdings in Ally Financial Inc. (NYSE:ALLY) by 21.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,567 shares of the financial services provider’s stock after selling 427 shares during the quarter. First Financial Corp IN’s holdings in Ally Financial were worth $56,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Everence Capital Management Inc. bought a new position in shares of Ally Financial in the fourth quarter worth about $297,000. Franklin Resources Inc. boosted its position in Ally Financial by 184.7% in the 3rd quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider’s stock valued at $19,044,000 after buying an additional 345,210 shares during the period. Tidal Investments LLC grew its stake in Ally Financial by 5.8% in the 3rd quarter. Tidal Investments LLC now owns 25,999 shares of the financial services provider’s stock worth $925,000 after acquiring an additional 1,416 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of Ally Financial by 26.1% during the third quarter. Sanctuary Advisors LLC now owns 22,516 shares of the financial services provider’s stock worth $852,000 after acquiring an additional 4,663 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Ally Financial during the third quarter valued at approximately $450,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Up 2.4 %

ALLY stock opened at $35.01 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.36. Ally Financial Inc. has a 52 week low of $31.77 and a 52 week high of $45.46. The stock has a market capitalization of $10.67 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 0.46 and a beta of 1.44. The firm has a 50 day moving average of $36.88 and a 200 day moving average of $38.05.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.38. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.83 earnings per share. Sell-side analysts forecast that Ally Financial Inc. will post 3 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on ALLY shares. Wolfe Research downgraded Ally Financial from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 5th. StockNews.com upgraded Ally Financial from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. Citigroup increased their target price on shares of Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Truist Financial began coverage on shares of Ally Financial in a report on Tuesday, January 7th. They set a “buy” rating and a $42.00 price objective on the stock. Finally, Wells Fargo & Company reduced their target price on shares of Ally Financial from $37.00 to $32.00 and set an “underweight” rating for the company in a report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $42.67.

Ally Financial 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.