Proficio Capital Partners LLC Takes Position in Ally Financial Inc. (NYSE:ALLY)

Proficio Capital Partners LLC bought a new stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 70,367 shares of the financial services provider's stock, valued at approximately $2,534,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its holdings in Ally Financial by 1.9% in the 3rd quarter. CIBC Asset Management Inc now owns 15,638 shares of the financial services provider's stock valued at $557,000 after purchasing an additional 293 shares in the last quarter. Maverick Capital Ltd. lifted its holdings in Ally Financial by 1.2% in the 3rd quarter. Maverick Capital Ltd. now owns 26,120 shares of the financial services provider's stock valued at $930,000 after purchasing an additional 299 shares in the last quarter. Waterfront Wealth Inc. lifted its holdings in Ally Financial by 0.8% in the 4th quarter. Waterfront Wealth Inc. now owns 50,924 shares of the financial services provider's stock valued at $1,834,000 after purchasing an additional 389 shares in the last quarter. Principal Securities Inc. lifted its holdings in Ally Financial by 89.4% in the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 496 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of Ally Financial by 153.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider's stock worth $34,000 after acquiring an additional 577 shares during the period. Hedge funds and other institutional investors own 88.76% of the company's stock.

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Insider Buying and Selling at Ally Financial

In related news, CFO Russell E. Hutchinson acquired 19,100 shares of the stock in a transaction dated Friday, January 24th. The stock was acquired at an average cost of $39.45 per share, with a total value of $753,495.00. Following the completion of the transaction, the chief financial officer now owns 202,845 shares in the company, valued at $8,002,235.25. This represents a 10.39 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael George Rhodes acquired 25,634 shares of the stock in a transaction dated Monday, January 27th. The shares were bought at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the transaction, the chief executive officer now owns 25,634 shares of the company's stock, valued at approximately $1,002,033.06. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ALLY shares. JPMorgan Chase & Co. lifted their price target on Ally Financial from $40.00 to $43.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Jefferies Financial Group lifted their price target on Ally Financial from $35.00 to $40.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Citigroup lifted their price target on Ally Financial from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Royal Bank of Canada lifted their price target on Ally Financial from $41.00 to $45.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group lifted their price target on Ally Financial from $42.00 to $48.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $43.76.

Ally Financial Trading Down 0.9 %

NYSE ALLY traded down $0.33 during trading on Friday, hitting $34.68. The stock had a trading volume of 4,762,899 shares, compared to its average volume of 3,688,333. The company has a market capitalization of $10.65 billion, a PE ratio of 13.34, a PEG ratio of 0.32 and a beta of 1.40. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The firm has a 50 day moving average price of $37.22 and a 200 day moving average price of $36.97. Ally Financial Inc. has a twelve month low of $31.95 and a twelve month high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.21. The company 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 was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 EPS. As a group, equities research analysts forecast 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. Shareholders of record on Friday, January 31st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.46%. 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.