AlphaQuest LLC Increases Stake in Ally Financial Inc. (NYSE:ALLY)

AlphaQuest LLC raised its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 102.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 21,290 shares of the financial services provider's stock after purchasing an additional 10,797 shares during the period. AlphaQuest LLC's holdings in Ally Financial were worth $767,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its holdings in Ally Financial by 153.9% in the 3rd 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. Principal Securities Inc. lifted its holdings in Ally Financial by 89.4% in the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 496 shares in the last quarter. Kestra Investment Management LLC purchased a new position in Ally Financial in the 4th quarter valued at $43,000. UMB Bank n.a. increased its stake 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 during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of Ally Financial in the 3rd quarter worth $63,000. Hedge funds and other institutional investors own 88.76% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ALLY. The Goldman Sachs Group raised 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. raised their target price on Ally Financial from $40.00 to $43.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Wolfe Research downgraded Ally Financial from an "outperform" rating to a "peer perform" rating in a research note on Thursday, December 5th. Jefferies Financial Group raised their target price on Ally Financial from $35.00 to $40.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Finally, Barclays raised 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. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $43.76.

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Insider Activity

In related news, CEO Michael George Rhodes acquired 25,634 shares of the firm's stock in a transaction dated Monday, January 27th. The stock was acquired at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the purchase, the chief executive officer now owns 25,634 shares of the company's stock, valued at $1,002,033.06. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Russell E. Hutchinson acquired 19,100 shares of the firm's stock in a transaction dated Friday, January 24th. The stock was bought 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 directly 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. Company insiders own 0.67% of the company's stock.

Ally Financial Stock Performance

Shares of Ally Financial stock opened at $33.50 on Wednesday. The business has a 50-day moving average of $37.12 and a 200 day moving average of $36.81. Ally Financial Inc. has a 12 month low of $31.95 and a 12 month high of $45.46. The stock has a market capitalization of $10.29 billion, a price-to-earnings ratio of 12.88, 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.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) 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 return on equity of 9.31% and a net margin of 11.29%. The business's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS. As a group, sell-side analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial's payout ratio is presently 46.15%.

About Ally Financial

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.

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