Commonwealth Equity Services LLC lowered its holdings in shares of Ally Financial Inc. (NYSE:ALLY – Free Report) by 4.7% in the 4th quarter, HoldingsChannel reports. The firm owned 68,574 shares of the financial services provider’s stock after selling 3,356 shares during the period. Commonwealth Equity Services LLC’s holdings in Ally Financial were worth $2,469,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. ANTIPODES PARTNERS Ltd increased its stake in shares of Ally Financial by 75.6% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 2,956,037 shares of the financial services provider’s stock valued at $106,455,000 after acquiring an additional 1,272,853 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Ally Financial during the fourth quarter valued at about $206,000. HighTower Advisors LLC boosted its position in shares of Ally Financial by 285.9% during the 4th quarter. HighTower Advisors LLC now owns 58,703 shares of the financial services provider’s stock worth $2,114,000 after purchasing an additional 43,490 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Ally Financial by 2.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 21,409 shares of the financial services provider’s stock valued at $771,000 after buying an additional 500 shares during the period. Finally, AlphaQuest LLC increased its position in Ally Financial by 102.9% in the 4th quarter. AlphaQuest LLC now owns 21,290 shares of the financial services provider’s stock valued at $767,000 after buying an additional 10,797 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors.
Ally Financial Stock Performance
NYSE ALLY opened at $36.79 on Thursday. The company has a market capitalization of $11.30 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. 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 Inc. has a 52-week low of $31.95 and a 52-week high of $45.46. The company has a 50-day simple moving average of $37.08 and a 200 day simple moving average of $36.33.
Ally Financial (NYSE:ALLY – Get Free Report) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period last year, the business posted $0.45 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, research analysts predict that Ally Financial Inc. will post 3.57 EPS for the current year.
Ally Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.30 per share. The ex-dividend date was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.26%. Ally Financial’s dividend payout ratio is presently 46.15%.
Analyst Upgrades and Downgrades
ALLY has been the subject of a number of research reports. Wolfe Research cut Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. Keefe, Bruyette & Woods lifted their price target on shares of Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Jefferies Financial Group upped their price objective on shares of Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. StockNews.com cut shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group upped their target price on shares of Ally Financial from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ally Financial has a consensus rating of “Hold” and an average target price of $42.53.
Check Out Our Latest Stock Report on Ally Financial
Insider Transactions at Ally Financial
In related news, CEO Michael George Rhodes bought 25,634 shares of the business’s stock in a transaction 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 purchase, the chief executive officer now directly owns 25,634 shares in the company, valued at $1,002,033.06. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the stock in a transaction dated Friday, January 24th. The stock was purchased at an average cost of $39.45 per share, for a total transaction of $753,495.00. Following the completion of the acquisition, the chief financial officer now owns 202,845 shares of the company’s stock, 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. Corporate insiders own 0.67% of the company’s stock.
Ally Financial Profile
(Free Report)
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.
Recommended Stories
Want to see what other hedge funds are holding ALLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ally Financial Inc. (NYSE:ALLY – Free Report).
Receive News & Ratings for Ally Financial Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ally Financial and related companies with MarketBeat.com’s FREE daily email newsletter.
