Ally Financial Inc. (NYSE:ALLY) Shares Sold by Blair William & Co. IL

Blair William & Co. IL decreased its holdings in Ally Financial Inc. (NYSE:ALLY) by 30.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,553 shares of the financial services provider’s stock after selling 4,115 shares during the quarter. Blair William & Co. IL’s holdings in Ally Financial were worth $344,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ALLY. Caisse Des Depots ET Consignations acquired a new stake in Ally Financial during the 4th quarter worth about $3,629,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Ally Financial by 17.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 213,724 shares of the financial services provider’s stock worth $7,662,000 after acquiring an additional 31,274 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Ally Financial by 0.6% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 136,618 shares of the financial services provider’s stock valued at $4,920,000 after acquiring an additional 866 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Ally Financial by 2.1% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,332 shares of the financial services provider’s stock valued at $552,000 after acquiring an additional 320 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in Ally Financial in the 4th quarter worth approximately $463,000. Institutional investors own 88.76% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Russell E. Hutchinson purchased 19,100 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were bought at an average cost of $39.45 per share, for a total transaction of $753,495.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael George Rhodes acquired 25,634 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were bought at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the acquisition, 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 disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ALLY shares. Wells Fargo & Company increased their target price on Ally Financial from $32.00 to $34.00 and gave the company an “underweight” rating in a report on Thursday, January 23rd. StockNews.com lowered Ally Financial from a “buy” rating to a “hold” rating in a research 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 report on Tuesday, March 25th. The Goldman Sachs Group raised their price target on shares of Ally Financial from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Ally Financial from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.53.

Ally Financial Price Performance

Shares of Ally Financial stock opened at $32.16 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. The firm has a fifty day simple moving average of $36.72 and a 200-day simple moving average of $36.42. The stock has a market capitalization of $9.88 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 0.32 and a beta of 1.12. Ally Financial Inc. has a 1-year low of $30.06 and a 1-year high of $45.46.

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

Ally Financial Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial’s dividend payout ratio (DPR) is currently 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.