Envestnet Portfolio Solutions Inc. Purchases New Holdings in Ally Financial Inc. (NYSE:ALLY)

Envestnet Portfolio Solutions Inc. acquired a new position in Ally Financial Inc. (NYSE:ALLY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,793 shares of the financial services provider’s stock, valued at approximately $209,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Oak Thistle LLC purchased a new stake in shares of Ally Financial in the 4th quarter worth approximately $1,112,000. Point72 Asset Management L.P. purchased a new stake in shares of Ally Financial in the third quarter worth $21,571,000. State Street Corp grew its stake in shares of 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 worth $380,981,000 after acquiring an additional 51,426 shares during the last quarter. Wealthcare Advisory Partners LLC purchased a new position in shares of Ally Financial in the 4th quarter worth about $461,000. Finally, Franklin Resources Inc. raised its position in shares of Ally Financial by 184.7% in the 3rd quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider’s stock worth $19,044,000 after purchasing an additional 345,210 shares during the last quarter. Institutional investors own 88.76% of the company’s stock.

Insider Buying and Selling

In related news, CEO Michael George Rhodes acquired 25,634 shares of Ally Financial 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 transaction, the chief executive officer now directly owns 25,634 shares in the company, valued at approximately $1,002,033.06. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Russell E. Hutchinson bought 19,100 shares of the stock in a transaction dated Friday, January 24th. The stock was bought 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 approximately $8,002,235.25. This represents 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 Trading Up 0.5 %

Shares of ALLY stock opened at $37.50 on Friday. 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 company has a market cap of $11.52 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 0.32 and a beta of 1.40. Ally Financial Inc. has a 1 year low of $31.95 and a 1 year high of $45.46. The firm has a fifty day moving average price of $37.09 and a 200-day moving average price of $36.33.

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

Ally Financial Dividend Announcement

The company 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. This represents a $1.20 dividend on an annualized basis and a dividend 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 research firms have weighed in on ALLY. The Goldman Sachs Group raised their price objective on shares of Ally Financial from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Ally Financial from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. BTIG Research downgraded Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 target price on the stock. in a research note on Tuesday. Morgan Stanley boosted their price target on Ally Financial from $41.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, StockNews.com cut Ally Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $42.53.

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.