Intech Investment Management LLC Grows Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

Intech Investment Management LLC grew its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 133.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,425 shares of the financial services provider's stock after purchasing an additional 21,424 shares during the quarter. Intech Investment Management LLC's holdings in Ally Financial were worth $1,348,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Securities Inc. boosted its holdings in 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 position in shares of Ally Financial in the fourth quarter valued at approximately $43,000. UMB Bank n.a. boosted its stake in shares of Ally Financial by 218.8% in the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock worth $56,000 after acquiring an additional 1,061 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Ally Financial during the third quarter worth approximately $63,000. Finally, Harbour Investments Inc. raised 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 valued at $77,000 after purchasing an additional 595 shares during the last quarter. Hedge funds and other institutional investors own 88.76% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on ALLY. Wolfe Research lowered shares of Ally Financial from an "outperform" rating to a "peer perform" rating in a report on Thursday, December 5th. The Goldman Sachs Group upped their price objective on shares of Ally Financial from $42.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Morgan Stanley increased their price objective on shares of Ally Financial from $41.00 to $45.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their target price on Ally Financial from $40.00 to $43.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Finally, BTIG Research cut Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price target for the company. in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $42.53.

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Insiders Place Their Bets

In related news, CFO Russell E. Hutchinson purchased 19,100 shares of the business's stock in a transaction on Friday, January 24th. The shares were bought 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 directly owns 202,845 shares in the company, valued at $8,002,235.25. This trade represents a 10.39 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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, for a total transaction of $1,002,033.06. Following the transaction, the chief executive officer now directly owns 25,634 shares in the company, valued at $1,002,033.06. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.67% of the company's stock.

Ally Financial Trading Down 1.0 %

Shares of ALLY traded down $0.38 during trading on Tuesday, reaching $37.50. 5,049,759 shares of the company traded hands, compared to its average volume of 3,168,809. The stock has a 50-day simple moving average of $37.09 and a 200-day simple moving average of $36.33. The stock has a market cap of $11.52 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. Ally Financial Inc. has a twelve month low of $31.95 and a twelve month high of $45.46. 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 (NYSE:ALLY - Get Free Report) last announced its earnings results 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. 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 for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the company earned $0.45 earnings per share. The firm's quarterly revenue was up 3.6% compared to the same quarter last year. On average, analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial's dividend payout ratio is currently 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.