APG Asset Management N.V. Invests $5.28 Million in Ally Financial Inc. (NYSE:ALLY)

APG Asset Management N.V. acquired a new stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 151,900 shares of the financial services provider's stock, valued at approximately $5,282,000.

Other institutional investors have also recently made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Ally Financial by 2.1% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,332 shares of the financial services provider's stock worth $552,000 after purchasing an additional 320 shares during the period. Waterfront Wealth Inc. boosted its stake in Ally Financial by 0.8% during the fourth quarter. Waterfront Wealth Inc. now owns 50,924 shares of the financial services provider's stock worth $1,834,000 after buying an additional 389 shares during the period. Principal Securities Inc. increased its position 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 acquiring an additional 496 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Ally Financial by 2.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 21,409 shares of the financial services provider's stock valued at $771,000 after acquiring an additional 500 shares during the period. Finally, Harbour Investments Inc. lifted its holdings in shares of Ally Financial by 38.5% in the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock worth $77,000 after acquiring an additional 595 shares during the last quarter. Hedge funds and other institutional investors own 88.76% of the company's stock.

Remove Ads

Ally Financial Stock Up 0.3 %

NYSE:ALLY traded up $0.11 during midday trading on Tuesday, reaching $32.32. 3,097,911 shares of the stock traded hands, compared to its average volume of 3,518,826. The business has a 50-day moving average of $35.63 and a two-hundred day moving average of $36.28. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $45.46. The stock has a market capitalization of $9.93 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 0.32 and a beta of 1.12.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the previous year, the business earned $0.45 EPS. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.30 per share. The ex-dividend date was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.71%. Ally Financial's payout ratio is 46.15%.

Analyst Ratings Changes

ALLY has been the topic of several analyst reports. BTIG Research downgraded shares of Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price target on the stock. in a report on Tuesday, March 25th. 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 report on Tuesday, April 1st. Compass Point upgraded Ally Financial from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $37.00 to $41.00 in a report on Monday, April 7th. Wells Fargo & Company increased their target price on Ally Financial from $32.00 to $34.00 and gave the stock an "underweight" rating in a research note on Thursday, January 23rd. Finally, StockNews.com lowered shares of Ally Financial from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $42.41.

Insider Transactions at Ally Financial

In related news, CFO Russell E. Hutchinson acquired 19,100 shares of the firm's stock in a transaction dated 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 acquisition, the chief financial officer now directly owns 202,845 shares in the company, valued at $8,002,235.25. This represents a 10.39 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael George Rhodes bought 25,634 shares of the company's stock in a transaction that occurred on Monday, January 27th. The shares were bought at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the acquisition, the chief executive officer now owns 25,634 shares of the company's stock, valued at $1,002,033.06. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.67% of the company's stock.

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.