Janney Montgomery Scott LLC Trims Holdings in Ally Financial Inc. (NYSE:ALLY)

Janney Montgomery Scott LLC decreased its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 37.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 43,258 shares of the financial services provider’s stock after selling 25,728 shares during the period. Janney Montgomery Scott LLC’s holdings in Ally Financial were worth $1,558,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Assenagon Asset Management S.A. boosted its position in Ally Financial by 233.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider’s stock valued at $87,509,000 after buying an additional 1,701,264 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of Ally Financial by 217.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider’s stock valued at $81,260,000 after acquiring an additional 1,563,008 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of Ally Financial by 584.7% during the third quarter. Wedge Capital Management L L P NC now owns 1,395,308 shares of the financial services provider’s stock worth $49,659,000 after purchasing an additional 1,191,529 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Ally Financial in the third quarter worth about $21,571,000. Finally, 140 Summer Partners LP purchased a new position in Ally Financial during the 3rd quarter valued at about $19,140,000. Institutional investors own 88.76% of the company’s stock.

Insiders Place Their Bets

In other Ally Financial news, CEO Michael George Rhodes acquired 25,634 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was purchased at an average price of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the acquisition, 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 position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Russell E. Hutchinson bought 19,100 shares of the 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 completion of the acquisition, the chief financial officer now directly owns 202,845 shares of the company’s stock, valued at approximately $8,002,235.25. The trade was a 10.39 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by insiders.

Ally Financial Price Performance

Shares of NYSE:ALLY opened at $38.11 on Tuesday. 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 $11.61 billion, a P/E ratio of 14.66, a PEG ratio of 0.43 and a beta of 1.44. 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 moving average price of $37.34 and a 200 day moving average price of $37.75.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate 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 net margin of 11.29% and a return on equity of 9.31%. The business’s revenue for the quarter 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. Research analysts predict that Ally Financial Inc. will post 3.7 earnings per share for the current year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Friday, January 31st. Ally Financial’s dividend payout ratio (DPR) is 46.15%.

Analysts Set New Price Targets

ALLY has been the subject of several research reports. Raymond James raised Ally Financial from an “underperform” rating to a “market perform” rating in a research report on Monday, October 21st. Wolfe Research downgraded Ally Financial from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 5th. Wells Fargo & Company upped their target price on shares of Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. Morgan Stanley lifted their price target on shares of Ally Financial from $41.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, StockNews.com cut shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Ally Financial has an average rating of “Hold” and an average target price of $43.76.

Ally Financial 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.