Aigen Investment Management LP Purchases 16,569 Shares of Ally Financial Inc. (NYSE:ALLY)

Aigen Investment Management LP increased its position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 51.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,837 shares of the financial services provider's stock after acquiring an additional 16,569 shares during the period. Aigen Investment Management LP's holdings in Ally Financial were worth $1,759,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ALLY. Venturi Wealth Management LLC increased its holdings in 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. Principal Securities Inc. increased its holdings in shares of Ally Financial by 89.4% in the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock worth $38,000 after buying an additional 496 shares during the last quarter. Kestra Investment Management LLC bought a new position in shares of Ally Financial in the 4th quarter worth $43,000. UMB Bank n.a. increased its holdings 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 buying an additional 1,061 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Ally Financial in the 3rd quarter worth $63,000. Institutional investors own 88.76% of the company's stock.

Ally Financial Trading Down 0.9 %

ALLY traded down $0.33 during trading on Friday, hitting $34.68. 4,762,899 shares of the stock traded hands, compared to its average volume of 3,688,333. The firm has a market capitalization of $10.65 billion, a P/E ratio of 13.34, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a 50-day moving average of $37.22 and a 200 day moving average of $36.97. Ally Financial Inc. has a 12-month low of $31.95 and a 12-month high of $45.46.

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Ally Financial (NYSE:ALLY - Get Free Report) last announced its quarterly 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 business had revenue of $2.09 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.45 EPS. Equities research analysts anticipate 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. Stockholders of record on Friday, January 31st were given a $0.30 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.46%. Ally Financial's dividend payout ratio is 46.15%.

Analysts Set New Price Targets

ALLY has been the topic of a number of research analyst reports. Barclays increased their price target on shares of Ally Financial from $36.00 to $44.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Wells Fargo & Company increased their price target on shares of Ally Financial from $32.00 to $34.00 and gave the stock an "underweight" rating in a report on Thursday, January 23rd. Wolfe Research lowered shares of Ally Financial from an "outperform" rating to a "peer perform" rating in a report on Thursday, December 5th. StockNews.com lowered shares of Ally Financial from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Finally, Citigroup increased their price target on shares of Ally Financial from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Friday, November 15th. 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $43.76.

Insider Transactions at Ally Financial

In related news, CEO Michael George Rhodes bought 25,634 shares of the company's stock in a transaction dated Monday, January 27th. The stock was purchased at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the transaction, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Russell E. Hutchinson bought 19,100 shares of the company's stock in a transaction dated Friday, January 24th. The stock was bought 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 approximately $8,002,235.25. This trade represents a 10.39 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company's stock.

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.