13,933 Shares in Ally Financial Inc. (NYSE:ALLY) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,933 shares of the financial services provider's stock, valued at approximately $502,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Resona Asset Management Co. Ltd. acquired a new position in Ally Financial during the fourth quarter worth about $2,865,000. Wells Fargo & Company MN raised its holdings in shares of Ally Financial by 14.4% in the 4th quarter. Wells Fargo & Company MN now owns 450,896 shares of the financial services provider's stock worth $16,237,000 after purchasing an additional 56,670 shares in the last quarter. Integrated Quantitative Investments LLC bought a new stake in Ally Financial during the fourth quarter worth approximately $367,000. Donald Smith & CO. Inc. increased its holdings in shares of Ally Financial by 0.8% in the fourth quarter. Donald Smith & CO. Inc. now owns 2,536,066 shares of the financial services provider's stock valued at $91,324,000 after buying an additional 20,499 shares in the last quarter. Finally, Bryce Point Capital LLC acquired a new stake in shares of Ally Financial during the 4th quarter valued at $519,000. 88.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ALLY. StockNews.com downgraded Ally Financial from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Barclays upped their price target on shares of Ally Financial from $36.00 to $44.00 and gave the company an "equal weight" rating in a research report on Monday, January 6th. BTIG Research lowered Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 target price for the company. in a report on Tuesday, March 25th. Wells Fargo & Company upped their price target on Ally Financial from $32.00 to $34.00 and gave the company an "underweight" rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley lifted their target price on Ally Financial from $41.00 to $45.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Ally Financial currently has an average rating of "Hold" and an average price target of $42.41.

Insiders Place Their Bets

In other news, CFO Russell E. Hutchinson acquired 19,100 shares of the firm's stock in a transaction that occurred on Friday, January 24th. The shares were bought at an average cost of $39.45 per share, with a total value of $753,495.00. Following the acquisition, the chief financial officer now owns 202,845 shares in the company, valued at approximately $8,002,235.25. This represents a 10.39 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael George Rhodes acquired 25,634 shares of the stock in a transaction dated Monday, January 27th. The stock was acquired at an average price of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the acquisition, the chief executive officer now owns 25,634 shares in the company, valued at approximately $1,002,033.06. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company's stock.

Ally Financial Stock Up 2.3 %

ALLY stock traded up $0.72 during mid-day trading on Monday, reaching $32.52. 394,399 shares of the company traded hands, compared to its average volume of 3,513,588. 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 firm's 50 day moving average price is $35.75 and its 200 day moving average price is $36.30. Ally Financial Inc. has a fifty-two week low of $29.52 and a fifty-two week high of $45.46. The stock has a market cap of $9.99 billion, a price-to-earnings ratio of 12.51, a P/E/G ratio of 0.32 and a beta of 1.12.

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. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the company posted $0.45 earnings per share. The firm's quarterly revenue was up 3.6% compared to the same quarter last year. As a group, equities research analysts predict that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company 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 annualized dividend and a yield of 3.69%. Ally Financial's dividend payout ratio is currently 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.