Aviva PLC boosted its holdings in Ally Financial Inc. (NYSE:ALLY - Free Report) by 314.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,414 shares of the financial services provider's stock after buying an additional 125,500 shares during the period. Aviva PLC owned approximately 0.05% of Ally Financial worth $5,957,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently made changes to their positions in ALLY. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Ally Financial by 2.1% in the fourth 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. increased its stake in Ally Financial by 0.8% in the 4th quarter. Waterfront Wealth Inc. now owns 50,924 shares of the financial services provider's stock worth $1,834,000 after acquiring an additional 389 shares during the last quarter. Principal Securities Inc. raised 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 valued at $38,000 after acquiring an additional 496 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Ally Financial by 2.4% during the 4th 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 last quarter. Finally, Harbour Investments Inc. grew its holdings in shares of Ally Financial by 38.5% during the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock worth $77,000 after purchasing an additional 595 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on ALLY. Jefferies Financial Group increased their price target on shares of Ally Financial from $35.00 to $40.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Compass Point raised Ally Financial from a "neutral" rating to a "buy" rating and increased their target price for the company from $37.00 to $41.00 in a research note on Monday, April 7th. BTIG Research lowered Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price target for the company. in a research note on Tuesday, March 25th. Royal Bank of Canada increased their price objective on Ally Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company upped 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. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Ally Financial currently has a consensus rating of "Hold" and a consensus target price of $42.41.
Check Out Our Latest Stock Report on ALLY
Insider Buying and Selling at Ally Financial
In related news, CEO Michael George Rhodes acquired 25,634 shares of Ally Financial stock in a transaction dated Monday, January 27th. The shares were purchased at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the transaction, the chief executive officer now directly owns 25,634 shares in the company, valued at approximately $1,002,033.06. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Russell E. Hutchinson bought 19,100 shares of the company's stock in a transaction that occurred on Friday, January 24th. The shares were bought at an average price of $39.45 per share, with a total value of $753,495.00. Following the transaction, the chief financial officer now owns 202,845 shares of the company's stock, valued at $8,002,235.25. The trade was a 10.39 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company's stock.
Ally Financial Stock Performance
Shares of NYSE:ALLY traded up $0.74 during trading on Monday, hitting $32.54. The company's stock had a trading volume of 532,178 shares, compared to its average volume of 4,272,347. 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 market cap of $9.99 billion, a price-to-earnings ratio of 12.52, a P/E/G ratio of 0.32 and a beta of 1.12. The company has a 50-day moving average of $35.75 and a 200-day moving average of $36.30. Ally Financial Inc. has a 12 month low of $29.52 and a 12 month high of $45.46.
Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly 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. The business had revenue of $2.09 billion for 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 company's revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 EPS. On average, sell-side analysts expect 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. Investors of record on Friday, January 31st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.69%. Ally Financial's dividend payout ratio (DPR) is presently 46.15%.
About Ally Financial
(
Free Report)
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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