Ally Financial Inc. (NYSE:ALLY) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp reduced its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 91.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,060 shares of the financial services provider's stock after selling 21,568 shares during the quarter. Fifth Third Bancorp's holdings in Ally Financial were worth $74,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CIBC Asset Management Inc lifted its position in shares of Ally Financial by 1.9% in the third quarter. CIBC Asset Management Inc now owns 15,638 shares of the financial services provider's stock valued at $557,000 after acquiring an additional 293 shares in the last quarter. Maverick Capital Ltd. raised its position in shares of Ally Financial by 1.2% during the third quarter. Maverick Capital Ltd. now owns 26,120 shares of the financial services provider's stock valued at $930,000 after buying an additional 299 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Ally Financial by 8.2% in the third quarter. Blue Trust Inc. now owns 4,660 shares of the financial services provider's stock worth $166,000 after buying an additional 352 shares in the last quarter. Allworth Financial LP boosted its position in shares of Ally Financial by 41.9% during the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider's stock worth $51,000 after acquiring an additional 421 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its stake in Ally Financial by 153.9% during the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 577 shares in the last quarter. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Ally Financial news, CEO Michael George Rhodes purchased 25,634 shares of Ally Financial stock in a transaction on Monday, January 27th. The stock was bought at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the transaction, the chief executive officer now owns 25,634 shares of the company's stock, valued at $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 accessible through this hyperlink. Also, CFO Russell E. Hutchinson bought 19,100 shares of the firm's stock in a transaction that occurred on Friday, January 24th. The shares were acquired at an average price of $39.45 per share, with a total value of $753,495.00. Following the completion of the transaction, the chief financial officer now directly owns 202,845 shares of the company's stock, valued at $8,002,235.25. This trade 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 company insiders.

Analyst Ratings Changes

ALLY has been the topic of several research reports. Morgan Stanley lifted their target price on Ally Financial from $41.00 to $45.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Barclays upped their price objective on Ally Financial from $36.00 to $44.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Wells Fargo & Company boosted their price target on shares of Ally Financial from $32.00 to $34.00 and gave the stock an "underweight" rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their price objective on shares of Ally Financial from $44.00 to $56.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Finally, The Goldman Sachs Group lifted their price target on Ally Financial from $42.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $43.76.

Ally Financial Stock Down 0.1 %

NYSE ALLY traded down $0.03 during trading on Wednesday, reaching $38.16. 3,526,921 shares of the company's stock traded hands, compared to its average volume of 3,928,675. Ally Financial Inc. has a 12-month low of $31.95 and a 12-month high of $45.46. 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 $11.63 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 0.43 and a beta of 1.45. The company's 50 day simple moving average is $37.30 and its two-hundred day simple moving average is $37.69.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the business earned $0.45 earnings per share. Ally Financial's revenue was up 3.6% on a year-over-year basis. As a group, sell-side analysts forecast that Ally Financial Inc. will post 3.7 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a $0.30 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.15%. 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.