CANADA LIFE ASSURANCE Co Sells 4,889 Shares of Ally Financial Inc. (NYSE:ALLY)

21 Apr 2025, 04:54 by Jessica Moore · The Cerbat Gem

CANADA LIFE ASSURANCE Co decreased its stake in shares of Ally Financial Inc. (NYSE:ALLY – Free Report) by 1.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 419,406 shares of the financial services provider’s stock after selling 4,889 shares during the period. CANADA LIFE ASSURANCE Co owned 0.14% of Ally Financial worth $15,097,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Principal Securities Inc. lifted its holdings in Ally Financial by 89.4% during the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 496 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Ally Financial during the fourth quarter worth $43,000. UMB Bank n.a. boosted its position in shares of Ally Financial by 218.8% in the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 1,061 shares during the period. Harbour Investments Inc. grew its stake in shares of Ally Financial by 38.5% in the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 595 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in Ally Financial during the fourth quarter worth about $78,000. 88.76% of the stock is owned by institutional investors.

Ally Financial Trading Down 1.8 %

NYSE ALLY opened at $31.61 on Monday. Ally Financial Inc. has a twelve month low of $29.52 and a twelve month high of $45.46. The business’s fifty day moving average is $35.14 and its 200 day moving average is $36.20. 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 company has a market cap of $9.71 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 0.32 and a beta of 1.12.

Ally Financial (NYSE:ALLY – Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.15. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. During the same period in the previous year, the business posted $0.45 earnings per share. As a group, sell-side analysts expect that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Thursday, May 1st. Ally Financial’s payout ratio is currently 88.24%.

Wall Street Analyst Weigh In

ALLY has been the topic of several recent research reports. Bank of America lowered their target price on shares of Ally Financial from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, April 7th. Morgan Stanley lowered their price objective on Ally Financial from $45.00 to $39.00 and set an “outperform” rating on the stock in a research note on Monday, April 7th. For consumer lenders, the Trump Administration’s hardline approach to tariffs is “difficult to ignore” and there’s clearly more downside to the group if tariffs remain near current levels. If tariffs remain in place, risks to growth would skew meaningfully to the downside and risks to inflation to the upside, adds the analyst, who is downgrading the firm’s Consumer Finance industry view to Cautious from Attractive. Compass Point upgraded Ally Financial from a “neutral” rating to a “buy” rating and upped their target price for the company from $37.00 to $41.00 in a research report on Monday, April 7th. StockNews.com cut Ally Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group upped their price objective on shares of Ally Financial from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, April 1st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $42.06.

View Our Latest Stock Analysis on ALLY

Insider Transactions at Ally Financial

In related news, CFO Russell E. Hutchinson acquired 19,100 shares of the business’s stock in a transaction that occurred on 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 completion of the purchase, the chief financial officer now directly owns 202,845 shares in the company, valued at $8,002,235.25. The trade was a 10.39 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael George Rhodes bought 25,634 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were purchased 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 directly owns 25,634 shares in the company, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by company insiders.

About Ally Financial

(Free Report)