MetLife Investment Management LLC Grows Stake in Ally Financial Inc. (NYSE:ALLY)

MetLife Investment Management LLC grew its position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 8.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 156,242 shares of the financial services provider's stock after buying an additional 12,817 shares during the quarter. MetLife Investment Management LLC owned 0.05% of Ally Financial worth $5,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Ally Financial during the 4th quarter worth $75,483,000. Assenagon Asset Management S.A. lifted its position in Ally Financial by 233.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider's stock valued at $87,509,000 after purchasing an additional 1,701,264 shares in the last quarter. Phoenix Financial Ltd. lifted its position in Ally Financial by 86.4% during the fourth quarter. Phoenix Financial Ltd. now owns 3,390,066 shares of the financial services provider's stock valued at $122,077,000 after purchasing an additional 1,571,027 shares in the last quarter. ANTIPODES PARTNERS Ltd increased its position in Ally Financial by 75.6% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 2,956,037 shares of the financial services provider's stock worth $106,455,000 after buying an additional 1,272,853 shares in the last quarter. Finally, First Trust Advisors LP increased its position in Ally Financial by 41.4% in the fourth quarter. First Trust Advisors LP now owns 3,458,352 shares of the financial services provider's stock worth $124,535,000 after buying an additional 1,011,985 shares in the last quarter. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ALLY. Morgan Stanley cut their price objective on Ally Financial from $45.00 to $39.00 and set an "outperform" rating for the company in a research note on Monday, April 7th. For consumer lenders, the Trump Administration’s hardline approach to tariffs is “difficult to ignore” and there’s clearly more downside to the group if tariffs remain near current levels. If tariffs remain in place, risks to growth would skew meaningfully to the downside and risks to inflation to the upside, adds the analyst, who is downgrading the firm’s Consumer Finance industry view to Cautious from Attractive. Compass Point raised shares of Ally Financial from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $37.00 to $41.00 in a research note on Monday, April 7th. Wells Fargo & Company lowered their target price on shares of Ally Financial from $34.00 to $32.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. The Goldman Sachs Group increased their price target on Ally Financial from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. Finally, JPMorgan Chase & Co. lowered their price objective on Ally Financial from $43.00 to $36.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $41.69.

Insider Activity

In other Ally Financial news, CFO Russell E. Hutchinson acquired 8,200 shares of the business's stock in a transaction on Tuesday, April 22nd. The shares were bought at an average price of $30.81 per share, with a total value of $252,642.00. Following the transaction, the chief financial officer now directly owns 236,421 shares of the company's stock, valued at $7,284,131.01. The trade was a 3.59 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael George Rhodes bought 25,634 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now owns 25,634 shares of the company's stock, valued at approximately $1,002,033.06. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company's stock.

Ally Financial Price Performance

Shares of NYSE ALLY traded down $0.24 during mid-day trading on Friday, hitting $32.95. 4,237,971 shares of the company's stock traded hands, compared to its average volume of 3,537,580. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. Ally Financial Inc. has a 1 year low of $29.52 and a 1 year high of $45.46. The company's 50-day moving average is $34.52 and its two-hundred day moving average is $36.08. The company has a market capitalization of $10.12 billion, a P/E ratio of 12.67, a PEG ratio of 0.32 and a beta of 1.12.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.15. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $2.04 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. During the same period in the prior year, the business posted $0.45 earnings per share. On average, equities analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Thursday, May 1st. Ally Financial's dividend payout ratio (DPR) is 88.24%.

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.