Ally Financial Inc. (NYSE:ALLY) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its holdings in Ally Financial Inc. (NYSE:ALLY) by 9.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,878 shares of the financial services provider’s stock after selling 10,279 shares during the quarter. New York State Teachers Retirement System’s holdings in Ally Financial were worth $3,525,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ALLY. Assenagon Asset Management S.A. boosted its holdings in Ally Financial by 233.4% in the fourth 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 purchasing an additional 1,701,264 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Ally Financial by 217.0% in 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 purchasing an additional 1,563,008 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Ally Financial in the third quarter valued at approximately $21,571,000. 140 Summer Partners LP acquired a new position in Ally Financial in the third quarter valued at approximately $19,140,000. Finally, Franklin Resources Inc. boosted its holdings in Ally Financial by 184.7% in the third quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider’s stock valued at $19,044,000 after purchasing an additional 345,210 shares in the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.

Ally Financial Trading Down 3.6 %

Shares of ALLY stock opened at $37.51 on Friday. The business’s fifty day moving average price is $37.17 and its 200 day moving average price is $37.37. Ally Financial Inc. has a 1-year low of $31.95 and a 1-year high of $45.46. The firm has a market capitalization of $11.43 billion, a PE ratio of 14.43, a P/E/G ratio of 0.34 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 announced 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. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. Ally Financial’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, sell-side analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

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. This represents a $1.20 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial’s dividend payout ratio (DPR) is 46.15%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ALLY shares. Wolfe Research cut Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. Barclays boosted their price objective on Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Royal Bank of Canada boosted their price objective on Ally Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group boosted their price objective on Ally Financial from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley boosted their price objective on Ally Financial from $41.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $43.76.

Insider Buying and Selling at Ally Financial

In other news, CEO Michael George Rhodes bought 25,634 shares of the stock in a transaction on Monday, January 27th. The shares were bought 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 owns 25,634 shares of the company’s stock, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Russell E. Hutchinson bought 19,100 shares of the stock in a transaction on 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 acquisition, the chief financial officer now directly owns 202,845 shares of the company’s stock, valued at $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 owned by corporate insiders.

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.