Brandywine Global Investment Management LLC Cuts Holdings in Ally Financial Inc. (NYSE:ALLY)

Brandywine Global Investment Management LLC cut its holdings in Ally Financial Inc. (NYSE:ALLY) by 7.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 145,885 shares of the financial services provider’s stock after selling 11,664 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Ally Financial were worth $5,253,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Oak Thistle LLC purchased a new stake in shares of Ally Financial during the 4th quarter worth $1,112,000. Point72 Asset Management L.P. purchased a new stake in Ally Financial during the third quarter worth about $21,571,000. State Street Corp grew its position in Ally Financial by 0.5% during the third 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. Wealthcare Advisory Partners LLC purchased a new position in Ally Financial in the fourth quarter valued at about $461,000. Finally, Franklin Resources Inc. lifted its position in shares of Ally Financial by 184.7% during the 3rd quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider’s stock valued at $19,044,000 after acquiring an additional 345,210 shares during the period. Institutional investors and hedge funds own 88.76% of the company’s stock.

Insider Activity

In other news, CFO Russell E. Hutchinson bought 19,100 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was acquired at an average price of $39.45 per share, for a total transaction of $753,495.00. Following the acquisition, the chief financial officer now owns 202,845 shares of the company’s stock, valued at $8,002,235.25. This trade represents a 10.39 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael George Rhodes purchased 25,634 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was acquired at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the acquisition, the chief executive officer now directly owns 25,634 shares of the company’s stock, valued at $1,002,033.06. This trade represents a ? increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ALLY. StockNews.com downgraded Ally Financial from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Truist Financial boosted their price objective on shares of Ally Financial from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods raised their target price on shares of Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, December 9th. JPMorgan Chase & Co. upped their price target on shares of Ally Financial from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group raised their price objective on shares of Ally Financial from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $42.65.

Ally Financial Price Performance

Shares of NYSE:ALLY opened at $36.64 on Wednesday. The business has a fifty day simple moving average of $37.05 and a 200-day simple moving average of $36.43. Ally Financial Inc. has a 52 week low of $31.95 and a 52 week high of $45.46. The company has a market cap of $11.25 billion, a P/E ratio of 14.09, a P/E/G ratio of 0.32 and a beta of 1.40. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period in the prior year, the firm posted $0.45 EPS. The company’s revenue was up 3.6% on a year-over-year basis. Equities research analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.27%. Ally Financial’s dividend payout ratio (DPR) is presently 46.15%.

Ally Financial Company 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.