Caisse Des Depots ET Consignations Purchases Shares of 100,764 Ally Financial Inc. (NYSE:ALLY)

Caisse Des Depots ET Consignations acquired a new stake in Ally Financial Inc. (NYSE:ALLY - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 100,764 shares of the financial services provider's stock, valued at approximately $3,629,000.

Several other hedge funds have also recently modified their holdings of the company. Oak Thistle LLC purchased a new stake in shares of Ally Financial during the 4th quarter worth approximately $1,112,000. Point72 Asset Management L.P. purchased a new stake in Ally Financial in the third quarter worth $21,571,000. 140 Summer Partners LP bought a new stake in shares of Ally Financial in the third quarter valued at $19,140,000. State Street Corp lifted its position in shares of Ally Financial by 0.5% during the 3rd quarter. State Street Corp now owns 10,704,719 shares of the financial services provider's stock valued at $380,981,000 after buying an additional 51,426 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Ally Financial during the 3rd quarter worth $4,130,000. Institutional investors own 88.76% of the company's stock.

Insider Activity

In related news, CFO Russell E. Hutchinson purchased 19,100 shares of Ally Financial stock in a transaction that occurred on Friday, January 24th. The shares were acquired at an average cost of $39.45 per share, for a total transaction of $753,495.00. Following the transaction, the chief financial officer now directly owns 202,845 shares in the company, valued at $8,002,235.25. The trade was a 10.39 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael George Rhodes acquired 25,634 shares of the stock in a transaction on Monday, January 27th. The stock was bought at an average price of $39.09 per share, with a total value of $1,002,033.06. Following the transaction, the chief executive officer now directly 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. 0.67% of the stock is owned by corporate insiders.

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Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of Ally Financial from $32.00 to $34.00 and gave the company an "underweight" rating in a report on Thursday, January 23rd. Royal Bank of Canada lifted their price objective on shares of Ally Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. StockNews.com cut shares of Ally Financial from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods raised their price target on Ally Financial from $44.00 to $56.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Finally, BTIG Research lowered Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price objective on the stock. in a research note on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $42.53.

Ally Financial Price Performance

NYSE:ALLY traded down $0.93 during midday trading on Monday, hitting $36.52. The company had a trading volume of 1,808,940 shares, compared to its average volume of 3,391,187. The company has a market capitalization of $11.22 billion, a PE ratio of 14.01, a P/E/G ratio of 0.32 and a beta of 1.40. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. Ally Financial Inc. has a 52-week low of $31.95 and a 52-week high of $45.46. The stock's fifty day moving average price is $37.09 and its 200-day moving average price is $36.38.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.21. The firm 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 company's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 EPS. As a group, research analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.30 dividend. 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 3.29%. Ally Financial's payout ratio is 46.15%.

Ally Financial Company 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.