Summit Trail Advisors LLC Has $326,000 Stock Position in Ally Financial Inc. (NYSE:ALLY)

Summit Trail Advisors LLC raised its position in Ally Financial Inc. (NYSE:ALLY) by 30.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,043 shares of the financial services provider’s stock after buying an additional 2,096 shares during the period. Summit Trail Advisors LLC’s holdings in Ally Financial were worth $326,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC boosted its holdings in shares of Ally Financial by 16.1% in the 4th quarter. Kestra Private Wealth Services LLC now owns 147,933 shares of the financial services provider’s stock worth $5,327,000 after acquiring an additional 20,569 shares in the last quarter. Stoneridge Investment Partners LLC bought a new position in Ally Financial in the 4th quarter valued at $2,262,000. Entropy Technologies LP boosted its stake in Ally Financial by 14.4% in the fourth quarter. Entropy Technologies LP now owns 33,446 shares of the financial services provider’s stock worth $1,204,000 after purchasing an additional 4,221 shares in the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of Ally Financial by 458.0% during the fourth quarter. Kingsview Wealth Management LLC now owns 57,866 shares of the financial services provider’s stock worth $2,084,000 after purchasing an additional 47,495 shares during the last quarter. Finally, Vest Financial LLC increased its stake in shares of Ally Financial by 60.9% in the fourth quarter. Vest Financial LLC now owns 69,914 shares of the financial services provider’s stock valued at $2,518,000 after buying an additional 26,465 shares in the last quarter. 88.76% of the stock is owned by institutional investors.

Insider Activity at Ally Financial

In related news, CEO Michael George Rhodes acquired 25,634 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were acquired at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the transaction, the chief executive officer now owns 25,634 shares of the company’s stock, valued at $1,002,033.06. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Russell E. Hutchinson bought 19,100 shares of the stock in a transaction on Friday, January 24th. The shares were purchased at an average price of $39.45 per share, with a total value of $753,495.00. Following the acquisition, the chief financial officer now owns 202,845 shares in the company, valued at approximately $8,002,235.25. This represents a 10.39 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on ALLY shares. Wolfe Research downgraded shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. Wells Fargo & Company increased their price target on shares of Ally Financial from $32.00 to $34.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. Barclays raised their price target on shares of Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Keefe, Bruyette & Woods upped their price objective on Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, Royal Bank of Canada lifted their target price on Ally Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Ally Financial currently has an average rating of “Hold” and an average price target of $43.76.

Ally Financial Trading Down 2.0 %

ALLY opened at $37.25 on Thursday. The firm’s fifty day moving average is $37.17 and its two-hundred day moving average is $37.53. The firm has a market cap of $11.35 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 0.43 and a beta of 1.45. Ally Financial Inc. has a twelve month low of $31.95 and a twelve month high of $45.46. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.57 by $0.21. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS. Equities research analysts anticipate that Ally Financial Inc. will post 3.69 EPS for the current year.

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Friday, January 31st. Ally Financial’s dividend payout ratio (DPR) is presently 46.15%.

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.