New York State Common Retirement Fund Grows Position in Ally Financial Inc. (NYSE:ALLY)

New York State Common Retirement Fund lifted its holdings in Ally Financial Inc. (NYSE:ALLY) by 11.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 189,643 shares of the financial services provider’s stock after buying an additional 19,785 shares during the period. New York State Common Retirement Fund owned approximately 0.06% of Ally Financial worth $6,829,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ALLY. International Assets Investment Management LLC lifted its stake in Ally Financial by 752.7% in the 3rd quarter. International Assets Investment Management LLC now owns 50,694 shares of the financial services provider’s stock worth $18,040,000 after purchasing an additional 44,749 shares in the last quarter. Allworth Financial LP grew its position in shares of Ally Financial by 41.9% in the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 421 shares in the last quarter. Forsta AP Fonden increased its holdings in shares of Ally Financial by 14.0% in the third quarter. Forsta AP Fonden now owns 49,600 shares of the financial services provider’s stock valued at $1,765,000 after purchasing an additional 6,100 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Ally Financial by 58.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,466 shares of the financial services provider’s stock worth $1,796,000 after buying an additional 18,671 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in Ally Financial by 8.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 68,032 shares of the financial services provider’s stock worth $2,365,000 after buying an additional 5,197 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ALLY has been the subject of a number of recent research reports. Royal Bank of Canada raised their target price on Ally Financial from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. raised their price objective on shares of Ally Financial from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Wolfe Research lowered shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 5th. StockNews.com downgraded shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company lifted their price target on shares of Ally Financial from $32.00 to $34.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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 that occurred on Monday, January 27th. The stock was purchased at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the purchase, the chief executive officer now owns 25,634 shares in the company, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the business’s stock in a transaction on Friday, January 24th. The stock was acquired at an average price of $39.45 per share, for a total transaction of $753,495.00. Following the completion of the purchase, the chief financial officer now owns 202,845 shares of the company’s stock, valued at $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 owned by corporate insiders.

Ally Financial Stock Performance

NYSE ALLY opened at $36.90 on Thursday. The company has a market cap of $11.33 billion, a P/E ratio of 14.19, a P/E/G ratio of 0.32 and a beta of 1.45. Ally Financial Inc. has a 1-year low of $31.95 and a 1-year high of $45.46. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a 50-day moving average of $37.20 and a two-hundred day moving average of $37.26.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter last year, the company posted $0.45 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. As a group, analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.30 per share. The ex-dividend date was Friday, January 31st. This represents a $1.20 annualized dividend and a yield of 3.25%. Ally Financial’s payout ratio is 46.15%.

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.