Forum Financial Management LP Acquires Shares of 8,827 Ally Financial Inc. (NYSE:ALLY)

Forum Financial Management LP bought a new stake in Ally Financial Inc. (NYSE:ALLY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,827 shares of the financial services provider's stock, valued at approximately $318,000.

A number of other institutional investors have also added to or reduced their stakes in ALLY. Principal Securities Inc. grew its stake in shares of Ally Financial by 89.4% in the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock worth $38,000 after buying an additional 496 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Ally Financial in the fourth quarter worth $43,000. UMB Bank n.a. increased its holdings in shares of Ally Financial by 218.8% during the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock valued at $56,000 after acquiring an additional 1,061 shares in the last quarter. Harbour Investments Inc. boosted its stake in Ally Financial by 38.5% in the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock worth $77,000 after purchasing an additional 595 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Ally Financial during the 4th quarter valued at about $78,000. Institutional investors own 88.76% of the company's stock.

Insider Buying and Selling

In other news, CFO Russell E. Hutchinson acquired 8,200 shares of the business's stock in a transaction dated Tuesday, April 22nd. The stock was purchased at an average price of $30.81 per share, for a total transaction of $252,642.00. Following the completion of the transaction, the chief financial officer now directly owns 236,421 shares in the company, valued at approximately $7,284,131.01. This trade represents a 3.59 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael George Rhodes acquired 25,634 shares of Ally Financial stock in a transaction on Monday, January 27th. The stock was purchased 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 in the company, valued at approximately $1,002,033.06. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

Ally Financial Stock Performance

NYSE ALLY traded down $0.24 on Friday, reaching $32.95. 4,237,971 shares of the stock were exchanged, compared to its average volume of 3,531,626. The firm has a market capitalization of $10.12 billion, a PE ratio of 12.67, a PEG ratio of 0.32 and a beta of 1.12. Ally Financial Inc. has a one year low of $29.52 and a one year high of $45.46. The company's 50-day simple moving average is $34.65 and its two-hundred day simple moving average is $36.09. 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 (NYSE:ALLY - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.15. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The company had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $2.04 billion. During the same quarter in the previous year, the company earned $0.45 EPS. Analysts expect that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.64%. The ex-dividend date is Thursday, May 1st. Ally Financial's dividend payout ratio (DPR) is presently 88.24%.

Analysts Set New Price Targets

ALLY has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on shares of Ally Financial from $34.00 to $32.00 and set an "underweight" rating on the stock in a research note on Monday. Jefferies Financial Group upped their price target on Ally Financial from $35.00 to $40.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Bank of America dropped their price objective on Ally Financial from $42.00 to $38.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Compass Point upgraded shares of Ally Financial from a "neutral" rating to a "buy" rating and upped their target price for the company from $37.00 to $41.00 in a research note on Monday, April 7th. Finally, Barclays lifted their price target on shares of Ally Financial from $36.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $41.69.

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.