Trust Co. of Toledo NA OH Sells 1,194 Shares of Ally Financial Inc. (NYSE:ALLY)

Trust Co. of Toledo NA OH cut its stake in Ally Financial Inc. (NYSE:ALLY) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,168 shares of the financial services provider’s stock after selling 1,194 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Ally Financial were worth $582,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ALLY. Acadian Asset Management LLC bought a new position in shares of Ally Financial in the second quarter valued at about $1,269,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Ally Financial in the second quarter valued at about $41,000. Choreo LLC acquired a new position in shares of Ally Financial in the second quarter valued at about $362,000. Daiwa Securities Group Inc. grew its stake in shares of Ally Financial by 8.0% in the second quarter. Daiwa Securities Group Inc. now owns 19,009 shares of the financial services provider’s stock valued at $754,000 after acquiring an additional 1,400 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Ally Financial by 12.8% in the second quarter. American Century Companies Inc. now owns 459,945 shares of the financial services provider’s stock valued at $18,246,000 after acquiring an additional 52,111 shares in the last quarter. 88.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ALLY shares. JPMorgan Chase & Co. upped their price target on shares of Ally Financial from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Raymond James upgraded shares of Ally Financial from an “underperform” rating to a “market perform” rating in a research note on Monday, October 21st. Barclays increased their price objective on shares of Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Truist Financial assumed coverage on shares of Ally Financial in a research note on Tuesday, January 7th. They set a “buy” rating and a $42.00 price objective on the stock. Finally, Citigroup increased their price objective on shares of Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Ally Financial currently has an average rating of “Hold” and a consensus target price of $42.67.

Ally Financial Trading Up 2.4 %

ALLY opened at $35.01 on Tuesday. The company’s 50 day moving average is $36.88 and its 200-day moving average is $38.05. Ally Financial Inc. has a 1-year low of $31.77 and a 1-year high of $45.46. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. The company has a market cap of $10.67 billion, a P/E ratio of 14.00, a PEG ratio of 0.46 and a beta of 1.44.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.38. The business had revenue of $2.10 billion during 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 firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business earned $0.83 EPS. Equities research analysts predict that Ally Financial Inc. will post 3 earnings per share for the current fiscal year.

About Ally Financial

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.