Ally Financial Inc. (NYSE:ALLY) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its stake in Ally Financial Inc. (NYSE:ALLY) by 69.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 17,326 shares of the financial services provider’s stock after selling 39,355 shares during the period. Crossmark Global Holdings Inc.’s holdings in Ally Financial were worth $623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC lifted its position in Ally Financial by 153.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 577 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Ally Financial by 41.9% during the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after buying an additional 421 shares during the last quarter. Quarry LP boosted its position in shares of Ally Financial by 311.4% during the second quarter. Quarry LP now owns 1,510 shares of the financial services provider’s stock worth $60,000 after buying an additional 1,143 shares during the period. UMB Bank n.a. grew its holdings in Ally Financial by 218.8% in the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock worth $56,000 after buying an additional 1,061 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Ally Financial in the 3rd quarter valued at approximately $63,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Stock Down 2.7 %

Shares of NYSE:ALLY opened at $39.03 on Friday. The firm has a 50 day simple moving average of $37.06 and a 200 day simple moving average of $37.94. Ally Financial Inc. has a 52 week low of $31.95 and a 52 week high of $45.46. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.92 and a current ratio of 0.93. The company has a market cap of $11.89 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 0.42 and a beta of 1.44.

Ally Financial (NYSE:ALLY) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2,021,808.41 billion. During the same quarter in the prior year, the company earned $0.45 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, research analysts expect that Ally Financial Inc. will post 3.91 earnings per share for the current year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.20 annualized dividend and a yield of 3.07%. Ally Financial’s dividend payout ratio (DPR) is presently 46.15%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ALLY shares. Truist Financial began coverage on Ally Financial in a research note on Tuesday, January 7th. They issued a “buy” rating and a $42.00 price target for the company. Jefferies Financial Group raised their target price on shares of Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday. Raymond James raised shares of Ally Financial from an “underperform” rating to a “market perform” rating in a research note on Monday, October 21st. Morgan Stanley raised their price objective on shares of Ally Financial from $41.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Wolfe Research lowered Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. 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 stock. According to data from MarketBeat.com, Ally Financial presently has a consensus rating of “Hold” and a consensus price target of $43.47.

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.