F M Investments LLC Acquires 17,599 Shares of Ally Financial Inc. (NYSE:ALLY)

F M Investments LLC grew its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 35.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 67,816 shares of the financial services provider's stock after buying an additional 17,599 shares during the period. F M Investments LLC's holdings in Ally Financial were worth $2,442,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Ally Financial in the 4th quarter valued at about $75,483,000. Assenagon Asset Management S.A. increased its stake in Ally Financial by 233.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider's stock worth $87,509,000 after acquiring an additional 1,701,264 shares during the last quarter. ANTIPODES PARTNERS Ltd raised its stake in Ally Financial by 75.6% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 2,956,037 shares of the financial services provider's stock valued at $106,455,000 after purchasing an additional 1,272,853 shares in the last quarter. Amundi raised its position in Ally Financial by 81.0% during the fourth quarter. Amundi now owns 1,156,003 shares of the financial services provider's stock valued at $41,165,000 after purchasing an additional 517,388 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Ally Financial by 27.0% during the fourth quarter. Invesco Ltd. now owns 2,272,243 shares of the financial services provider's stock worth $81,823,000 after acquiring an additional 483,063 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company's stock.

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Ally Financial Stock Performance

ALLY traded up $0.31 during trading on Wednesday, hitting $32.64. The stock had a trading volume of 1,259,970 shares, compared to its average volume of 3,510,147. The company has a 50 day simple moving average of $35.51 and a 200-day simple moving average of $36.25. The firm has a market cap of $10.02 billion, a PE ratio of 12.55, a P/E/G ratio of 0.32 and a beta of 1.12. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. 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 data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.21. The company 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 business's revenue was up 3.6% on a year-over-year basis. During the same period last year, the business earned $0.45 earnings per share. Analysts expect that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.68%. Ally Financial's dividend payout ratio is currently 46.15%.

Insider Buying and Selling at Ally Financial

In other news, CEO Michael George Rhodes purchased 25,634 shares of the company's stock in a transaction dated Monday, January 27th. The stock was bought at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the purchase, the chief executive officer now owns 25,634 shares of the company's stock, valued at approximately $1,002,033.06. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the business's stock in a transaction dated Friday, January 24th. The shares were acquired at an average price of $39.45 per share, for a total transaction of $753,495.00. Following the acquisition, the chief financial officer now owns 202,845 shares of the company's stock, valued at $8,002,235.25. This trade represents 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ALLY shares. Bank of America dropped their target price on shares of Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Royal Bank of Canada increased their target price on shares of Ally Financial from $41.00 to $45.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. StockNews.com downgraded shares of Ally Financial from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Jefferies Financial Group boosted their target price on Ally Financial from $35.00 to $40.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group upped their target price on shares of Ally Financial from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. Two 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 MarketBeat, Ally Financial currently has a consensus rating of "Hold" and an average target price of $42.41.

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.