Allstate Corp Takes $285,000 Position in Ally Financial Inc. (NYSE:ALLY)

Allstate Corp 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 Form 13F filing with the Securities and Exchange Commission. The firm bought 7,920 shares of the financial services provider's stock, valued at approximately $285,000.

Several other large investors have also modified their holdings of ALLY. Principal Securities Inc. increased its holdings in Ally Financial by 89.4% during the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock valued at $38,000 after buying an additional 496 shares during the period. Kestra Investment Management LLC purchased a new position in shares of Ally Financial in the 4th quarter valued at $43,000. UMB Bank n.a. raised its position in shares of Ally Financial by 218.8% in the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock worth $56,000 after acquiring an additional 1,061 shares in the last quarter. Harbour Investments Inc. lifted its stake in shares of Ally Financial by 38.5% during the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock worth $77,000 after purchasing an additional 595 shares during the last quarter. Finally, Van ECK Associates Corp bought a new stake in Ally Financial during the fourth quarter valued at about $85,000. Institutional investors own 88.76% of the company's stock.

Wall Street Analysts Forecast Growth

ALLY has been the subject of several analyst reports. Royal Bank of Canada increased their price target on shares of Ally Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. Compass Point raised shares of Ally Financial from a "neutral" rating to a "buy" rating and increased their target price for the company from $37.00 to $41.00 in a research report on Monday. Keefe, Bruyette & Woods lifted their price target on shares of Ally Financial from $44.00 to $56.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. StockNews.com lowered Ally Financial from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Finally, Barclays boosted their target price on Ally Financial from $36.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $42.82.

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Insider Buying and Selling at Ally Financial

In other Ally Financial news, CEO Michael George Rhodes bought 25,634 shares of the company's stock in a transaction dated Monday, January 27th. The shares were purchased at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the transaction, the chief executive officer now directly owns 25,634 shares of the company's stock, valued at approximately $1,002,033.06. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the business's stock in a transaction that occurred on Friday, January 24th. The stock was acquired at an average price of $39.45 per share, with a total value of $753,495.00. Following the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by corporate insiders.

Ally Financial Stock Performance

NYSE ALLY traded down $0.79 on Monday, hitting $31.34. 9,190,056 shares of the company's stock traded hands, compared to its average volume of 3,481,079. The firm has a market capitalization of $9.62 billion, a PE ratio of 12.05, a P/E/G 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. The firm's 50-day moving average price is $36.57 and its two-hundred day moving average price is $36.41. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly 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. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The firm's revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 earnings per share. As a group, analysts expect that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The business 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 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial's dividend payout ratio is currently 46.15%.

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.