Ally Financial Inc. (NYSE:ALLY) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC raised its position in shares of Ally Financial Inc. (NYSE:ALLY) by 285.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,703 shares of the financial services provider’s stock after buying an additional 43,490 shares during the period. HighTower Advisors LLC’s holdings in Ally Financial were worth $2,114,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Oak Thistle LLC acquired a new position in Ally Financial during the 4th quarter worth $1,112,000. Point72 Asset Management L.P. purchased a new position in shares of Ally Financial in the 3rd quarter valued at $21,571,000. State Street Corp boosted its stake in Ally Financial by 0.5% in the third quarter. State Street Corp now owns 10,704,719 shares of the financial services provider’s stock valued at $380,981,000 after acquiring an additional 51,426 shares in the last quarter. 140 Summer Partners LP acquired a new stake in shares of Ally Financial in the third quarter valued at approximately $19,140,000. Finally, Quantbot Technologies LP acquired a new stake in Ally Financial during the 3rd quarter worth $4,130,000. 88.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wolfe Research cut Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. 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 research report on Thursday, January 23rd. Keefe, Bruyette & Woods raised their price target on Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Morgan Stanley lifted their price objective on Ally Financial from $41.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada upped their target price on shares of Ally Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $43.76.

Insider Activity at Ally Financial

In other Ally Financial news, CEO Michael George Rhodes bought 25,634 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were purchased at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Russell E. Hutchinson acquired 19,100 shares of Ally Financial stock in a transaction that occurred on Friday, January 24th. The stock was bought at an average cost of $39.45 per share, with a total value of $753,495.00. Following the acquisition, the chief financial officer now directly owns 202,845 shares of the company’s stock, valued at approximately $8,002,235.25. This trade represents a 10.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company’s stock.

Ally Financial Stock Performance

Shares of NYSE:ALLY opened at $36.50 on Friday. The business’s 50-day simple moving average is $36.99 and its 200 day simple moving average is $36.40. Ally Financial Inc. has a one year low of $31.95 and a one year high of $45.46. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $11.21 billion, a P/E ratio of 14.04, a PEG ratio of 0.32 and a beta of 1.40.

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 analysts’ consensus estimates of $0.57 by $0.21. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. Ally Financial’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 earnings per share. On average, sell-side analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.29%. The ex-dividend date was Friday, January 31st. Ally Financial’s dividend payout ratio is currently 46.15%.

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.