Callan Family Office LLC Purchases New Shares in Ally Financial Inc. (NYSE:ALLY)

Callan Family Office LLC purchased a new stake in Ally Financial Inc. (NYSE:ALLY) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,839 shares of the financial services provider’s stock, valued at approximately $246,000.

Other institutional investors have also made changes to their positions in the company. Janney Montgomery Scott LLC raised its holdings in shares of Ally Financial by 68.8% in the third quarter. Janney Montgomery Scott LLC now owns 68,986 shares of the financial services provider’s stock valued at $2,455,000 after buying an additional 28,114 shares during the last quarter. Oak Thistle LLC acquired a new position in shares of Ally Financial during the 4th quarter worth about $1,112,000. Point72 Asset Management L.P. acquired a new position in shares of Ally Financial during the 3rd quarter worth about $21,571,000. State Street Corp grew its position in shares of Ally Financial by 0.5% during the 3rd quarter. State Street Corp now owns 10,704,719 shares of the financial services provider’s stock worth $380,981,000 after buying an additional 51,426 shares during the period. Finally, 140 Summer Partners LP acquired a new position in shares of Ally Financial during the 3rd quarter worth about $19,140,000. 88.76% of the stock is owned by institutional investors.

Ally Financial Trading Down 0.0 %

Shares of Ally Financial stock opened at $33.50 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The stock has a market cap of $10.29 billion, a P/E ratio of 12.88, a P/E/G ratio of 0.32 and a beta of 1.40. Ally Financial Inc. has a 12-month low of $31.95 and a 12-month high of $45.46. The business’s 50 day moving average is $37.12 and its 200-day moving average is $36.81.

Ally Financial (NYSE:ALLY) last posted its earnings results 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. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates 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 period in the previous year, the firm earned $0.45 EPS. Equities research analysts predict that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial’s dividend payout ratio is 46.15%.

Insider Buying and Selling at Ally Financial

In related news, CFO Russell E. Hutchinson bought 19,100 shares of Ally Financial stock in a transaction dated Friday, January 24th. The shares were bought at an average cost 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 $8,002,235.25. This trade represents a 10.39 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Michael George Rhodes bought 25,634 shares of Ally Financial stock in a transaction dated Monday, January 27th. The shares were bought at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the acquisition, the chief executive officer now owns 25,634 shares in the company, valued at $1,002,033.06. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ALLY shares. Royal Bank of Canada boosted their target price on Ally Financial from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. StockNews.com lowered Ally Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Truist Financial lifted their price objective on Ally Financial from $42.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Barclays lifted their price objective on Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Finally, Morgan Stanley lifted their price objective on Ally Financial from $41.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.76.

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.