KLP Kapitalforvaltning AS Invests $3.04 Million in Ally Financial Inc. (NYSE:ALLY)

KLP Kapitalforvaltning AS bought a new position in Ally Financial Inc. (NYSE:ALLY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 84,335 shares of the financial services provider's stock, valued at approximately $3,037,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ALLY. State Street Corp raised its stake in Ally Financial by 0.5% during the 3rd 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 period. ANTIPODES PARTNERS Ltd boosted its position in shares of Ally Financial by 75.6% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 2,956,037 shares of the financial services provider's stock valued at $106,455,000 after acquiring an additional 1,272,853 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Ally Financial by 233.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider's stock worth $87,509,000 after acquiring an additional 1,701,264 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Ally Financial by 217.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider's stock valued at $81,260,000 after purchasing an additional 1,563,008 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Ally Financial by 19.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,106,589 shares of the financial services provider's stock worth $74,974,000 after purchasing an additional 344,543 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 other news, CEO Michael George Rhodes purchased 25,634 shares of Ally Financial stock in a transaction dated Monday, January 27th. The stock was bought at an average price of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the acquisition, the chief executive officer now owns 25,634 shares in the company, valued at $1,002,033.06. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Russell E. Hutchinson acquired 19,100 shares of the company's stock in a transaction that occurred on Friday, January 24th. The stock was purchased 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 owns 202,845 shares in the company, 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. 0.67% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on ALLY. Royal Bank of Canada raised their price target on Ally Financial from $41.00 to $45.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods increased their price target on Ally Financial from $44.00 to $56.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Jefferies Financial Group increased their price objective on Ally Financial from $35.00 to $40.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. StockNews.com lowered shares of Ally Financial from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Finally, Barclays upped their target price on Ally Financial from $36.00 to $44.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, Ally Financial has a consensus rating of "Hold" and a consensus target price of $42.53.

Ally Financial Trading Up 0.5 %

Shares of NYSE ALLY traded up $0.18 during trading on Friday, hitting $37.50. 6,160,333 shares of the company traded hands, compared to its average volume of 3,397,104. The firm has a market capitalization of $11.52 billion, a P/E ratio of 14.42, a P/E/G 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. Ally Financial Inc. has a 1 year low of $31.95 and a 1 year high of $45.46. The company has a 50-day moving average price of $37.09 and a 200-day moving average price of $36.38.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share 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 analyst estimates of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. Ally Financial's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS. On average, equities analysts predict that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.30 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.20%. Ally Financial's 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.