Alliancebernstein L.P. Sells 174,733 Shares of Ally Financial Inc. (NYSE:ALLY)

Alliancebernstein L.P. lowered its stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 26.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 476,112 shares of the financial services provider's stock after selling 174,733 shares during the quarter. Alliancebernstein L.P. owned approximately 0.16% of Ally Financial worth $17,145,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. lifted its holdings in shares of Ally Financial by 3.2% in the 4th quarter. Meeder Asset Management Inc. now owns 88,947 shares of the financial services provider's stock worth $3,203,000 after purchasing an additional 2,783 shares during the last quarter. Allstate Corp bought a new stake in shares of Ally Financial during the fourth quarter valued at approximately $285,000. DnB Asset Management AS grew its holdings in Ally Financial by 4.3% in the 4th quarter. DnB Asset Management AS now owns 48,010 shares of the financial services provider's stock worth $1,729,000 after buying an additional 1,995 shares in the last quarter. Orion Portfolio Solutions LLC bought a new stake in Ally Financial during the 4th quarter valued at $204,000. Finally, Pictet Asset Management Holding SA boosted its position in Ally Financial by 22.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 168,416 shares of the financial services provider's stock worth $6,065,000 after acquiring an additional 30,410 shares during the period. 88.76% of the stock is currently owned by institutional investors.

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Ally Financial Trading Up 1.7 %

Ally Financial stock traded up $0.53 during mid-day trading on Monday, hitting $32.33. The stock had a trading volume of 246,238 shares, compared to its average volume of 3,513,056. Ally Financial Inc. has a 12 month low of $29.52 and a 12 month high of $45.46. The stock has a 50-day simple moving average of $35.75 and a two-hundred day simple moving average of $36.30. 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 stock has a market capitalization of $9.93 billion, a PE ratio of 12.43, a P/E/G ratio of 0.32 and a beta of 1.12.

Ally Financial (NYSE:ALLY - Get Free Report) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 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 firm had revenue of $2.09 billion for the quarter, compared to analysts' expectations of $2.02 billion. During the same quarter in the previous year, the business posted $0.45 EPS. The business's quarterly revenue was up 3.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial's dividend payout ratio is 46.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Ally Financial from $43.00 to $36.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. StockNews.com downgraded Ally Financial from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Royal Bank of Canada upped their price objective on Ally Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Bank of America lowered their target price on Ally Financial from $42.00 to $38.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Finally, BTIG Research downgraded shares of 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. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $42.41.

Insider Activity

In related news, CFO Russell E. Hutchinson bought 19,100 shares of Ally Financial stock in a transaction that occurred on Friday, January 24th. The shares were acquired at an average cost of $39.45 per share, for a total transaction of $753,495.00. Following the completion of the acquisition, the chief financial officer now directly owns 202,845 shares of the company's stock, valued at approximately $8,002,235.25. The trade was a 10.39 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael George Rhodes purchased 25,634 shares of the firm's stock in a transaction on Monday, January 27th. The shares were acquired 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 approximately $1,002,033.06. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by company insiders.

Ally Financial Company 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.