Ally Financial Inc. (NYSE:ALLY) Position Lowered by Bailard Inc.

Bailard Inc. lessened its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 22.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,404 shares of the financial services provider's stock after selling 12,733 shares during the quarter. Bailard Inc.'s holdings in Ally Financial were worth $1,563,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ALLY. State Street Corp increased its position in Ally Financial by 0.5% in the third quarter. State Street Corp now owns 10,704,719 shares of the financial services provider's stock worth $380,981,000 after buying an additional 51,426 shares during the period. Assenagon Asset Management S.A. boosted its stake 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 buying an additional 1,701,264 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Ally Financial by 217.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider's stock valued at $81,260,000 after purchasing an additional 1,563,008 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Ally Financial by 19.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,106,589 shares of the financial services provider's stock valued at $74,974,000 after purchasing an additional 344,543 shares during the period. Finally, Jennison Associates LLC boosted its position in shares of Ally Financial by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 1,672,812 shares of the financial services provider's stock valued at $59,535,000 after purchasing an additional 75,080 shares during the period. Hedge funds and other institutional investors own 88.76% of the company's stock.

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Insider Buying and Selling

In other Ally Financial news, CEO Michael George Rhodes bought 25,634 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The stock was purchased at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the purchase, the chief executive officer now directly owns 25,634 shares in the company, valued at $1,002,033.06. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the business's stock in a transaction that occurred on Friday, January 24th. The shares were bought at an average price of $39.45 per share, for a total transaction of $753,495.00. Following the completion of the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is owned by corporate insiders.

Ally Financial Price Performance

ALLY stock traded down $0.46 during mid-day trading on Thursday, hitting $35.05. The company had a trading volume of 1,713,434 shares, compared to its average volume of 3,612,426. The company has a 50-day moving average price of $37.26 and a 200 day moving average price of $37.08. Ally Financial Inc. has a 12-month low of $31.95 and a 12-month high of $45.46. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of 13.46, a P/E/G ratio of 0.32 and a beta of 1.40.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 EPS 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 company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period last year, the business posted $0.45 EPS. Ally Financial's quarterly revenue was up 3.6% on a year-over-year basis. On average, research analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.42%. The ex-dividend date was Friday, January 31st. Ally Financial's dividend payout ratio (DPR) is 46.15%.

Analyst Ratings Changes

ALLY has been the subject of a number of recent research reports. StockNews.com downgraded Ally Financial from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their price objective on Ally Financial from $44.00 to $56.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Royal Bank of Canada upped their price target on Ally Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Barclays increased their price target on Ally Financial from $36.00 to $44.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Finally, Citigroup increased their price objective on 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 issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $43.76.

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.