KBC Group NV increased its holdings in Ally Financial Inc. (NYSE:ALLY - Free Report) by 133.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 582,042 shares of the financial services provider's stock after acquiring an additional 332,538 shares during the period. KBC Group NV owned approximately 0.19% of Ally Financial worth $20,960,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC grew its holdings in shares of Ally Financial by 153.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider's stock worth $34,000 after purchasing an additional 577 shares during the period. Allworth Financial LP boosted its stake in 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 buying an additional 421 shares during the period. Quarry LP increased its position in shares of Ally Financial by 311.4% during the second quarter. Quarry LP now owns 1,510 shares of the financial services provider's stock valued at $60,000 after acquiring an additional 1,143 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Ally Financial by 218.8% in the 4th 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 during the period. Finally, Brooklyn Investment Group acquired a new position in shares of Ally Financial in the 3rd quarter worth approximately $63,000. Institutional investors and hedge funds own 88.76% of the company's stock.
Ally Financial Stock Down 2.1 %
Ally Financial stock traded down $0.83 during midday trading on Friday, reaching $39.01. The company's stock had a trading volume of 3,225,014 shares, compared to its average volume of 3,666,923. The business has a 50-day simple moving average of $37.34 and a 200-day simple moving average of $37.83. The company has a market cap of $11.89 billion, a P/E ratio of 15.00, a P/E/G ratio of 0.43 and a beta of 1.44. Ally Financial Inc. has a fifty-two week low of $31.95 and a fifty-two week 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 posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.21. The firm 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 firm's revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 earnings per share. On average, research analysts expect that Ally Financial Inc. will post 3.7 earnings per share for the current fiscal year.
Ally Financial Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, January 31st. Ally Financial's payout ratio is 46.15%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on ALLY. StockNews.com lowered Ally Financial from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Wells Fargo & Company boosted their price objective on Ally Financial from $32.00 to $34.00 and gave the company an "underweight" rating in a report on Thursday, January 23rd. Royal Bank of Canada raised their target price on Ally Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Wolfe Research lowered shares of Ally Financial from an "outperform" rating to a "peer perform" rating in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Ally Financial from $40.00 to $43.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $43.76.
Read Our Latest Research Report on Ally Financial
Insider Activity at Ally Financial
In other Ally Financial news, CEO Michael George Rhodes bought 25,634 shares of Ally Financial stock in a transaction dated Monday, January 27th. The stock was acquired at an average cost 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 of the company's stock, valued at approximately $1,002,033.06. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a 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 dated 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 purchase, the chief financial officer now directly owns 202,845 shares of the company's stock, valued at approximately $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.
About Ally Financial
(
Free Report)
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.
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