Empowered Funds LLC Sells 104,992 Shares of Ally Financial Inc. (NYSE:ALLY)

Empowered Funds LLC decreased its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 90.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,608 shares of the financial services provider’s stock after selling 104,992 shares during the period. Empowered Funds LLC’s holdings in Ally Financial were worth $418,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ALLY. Blue Trust Inc. raised its position in Ally Financial by 8.2% during the 3rd quarter. Blue Trust Inc. now owns 4,660 shares of the financial services provider’s stock valued at $166,000 after purchasing an additional 352 shares during the last quarter. International Assets Investment Management LLC raised its position in Ally Financial by 752.7% during the 3rd quarter. International Assets Investment Management LLC now owns 50,694 shares of the financial services provider’s stock valued at $18,040,000 after purchasing an additional 44,749 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Ally Financial by 2,088.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 728,864 shares of the financial services provider’s stock worth $25,940,000 after acquiring an additional 695,555 shares in the last quarter. Allworth Financial LP raised its position in shares of Ally Financial by 41.9% in the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 421 shares in the last quarter. Finally, Forsta AP Fonden raised its position in shares of Ally Financial by 14.0% in the 3rd quarter. Forsta AP Fonden now owns 49,600 shares of the financial services provider’s stock worth $1,765,000 after acquiring an additional 6,100 shares in the last quarter. Institutional investors own 88.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Jefferies Financial Group increased their target price on Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Morgan Stanley increased their target price on Ally Financial from $41.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group increased their target price on Ally Financial from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Barclays upped their price target on Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Finally, Citigroup upped their price target on Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $43.76.

Insiders Place Their Bets

In related news, CEO Michael George Rhodes acquired 25,634 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were purchased at an average price of $39.09 per share, for a total transaction 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. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Russell E. Hutchinson acquired 19,100 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were bought 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 approximately $8,002,235.25. This represents a 10.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by corporate insiders.

Ally Financial Stock Down 0.2 %

NYSE:ALLY opened at $39.16 on Thursday. Ally Financial Inc. has a 1-year low of $31.95 and a 1-year high of $45.46. The company has a 50-day moving average of $37.12 and a 200 day moving average of $37.34. The firm has a market cap of $11.93 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 0.33 and a beta of 1.45. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.21. The company had revenue of $2.09 billion during 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 firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. As a group, research analysts anticipate that Ally Financial Inc. will post 3.64 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently announced 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 was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.06%. Ally Financial’s dividend payout ratio 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.