Private Management Group Inc. Raises Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

Private Management Group Inc. boosted its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 747,194 shares of the financial services provider's stock after acquiring an additional 25,501 shares during the period. Private Management Group Inc. owned 0.25% of Ally Financial worth $26,906,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ALLY. CIBC Asset Management Inc increased its position in shares of Ally Financial by 1.9% during the third quarter. CIBC Asset Management Inc now owns 15,638 shares of the financial services provider's stock valued at $557,000 after buying an additional 293 shares during the period. Maverick Capital Ltd. grew its holdings in shares of Ally Financial by 1.2% during the 3rd quarter. Maverick Capital Ltd. now owns 26,120 shares of the financial services provider's stock worth $930,000 after acquiring an additional 299 shares during the period. Blue Trust Inc. raised its position in shares of Ally Financial by 8.2% in the 3rd quarter. Blue Trust Inc. now owns 4,660 shares of the financial services provider's stock worth $166,000 after acquiring an additional 352 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Ally Financial by 41.9% in the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 421 shares during the period. Finally, Venturi Wealth Management LLC boosted its position in shares of Ally Financial by 153.9% during the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 577 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company's stock.

Insider Buying and Selling at Ally Financial

In other news, CEO Michael George Rhodes bought 25,634 shares of Ally Financial stock in a transaction that occurred on Monday, January 27th. The stock was bought at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the acquisition, the chief executive officer now owns 25,634 shares of the company's stock, valued at $1,002,033.06. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the stock in a transaction on Friday, January 24th. The shares were 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 directly owns 202,845 shares of the company's stock, valued at approximately $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 owned by corporate insiders.

Ally Financial Stock Performance

Shares of NYSE ALLY traded up $0.04 during midday trading on Friday, hitting $38.29. 2,602,113 shares of the stock traded hands, compared to its average volume of 3,918,172. The firm has a market capitalization of $11.67 billion, a P/E ratio of 14.73, a PEG ratio of 0.43 and a beta of 1.45. Ally Financial Inc. has a one year low of $31.95 and a one year high of $45.46. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a 50-day moving average of $37.22 and a two-hundred day moving average of $37.64.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its earnings results 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 company had revenue of $2.09 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 earnings per share. On average, equities analysts forecast that Ally Financial Inc. will post 3.69 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.13%. Ally Financial's dividend payout ratio is currently 46.15%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ALLY. Royal Bank of Canada raised their target price on shares of Ally Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Barclays raised their price objective on Ally Financial from $36.00 to $44.00 and gave the company an "equal weight" rating in a research report on Monday, January 6th. The Goldman Sachs Group increased their target price on Ally Financial from $42.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. 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 research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Ally Financial from $44.00 to $56.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Ally Financial has a consensus rating of "Hold" and a consensus price target of $43.76.

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.