LPL Financial LLC Grows Position in Ally Financial Inc. (NYSE:ALLY)

LPL Financial LLC boosted its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 20.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 104,903 shares of the financial services provider's stock after buying an additional 17,582 shares during the quarter. LPL Financial LLC's holdings in Ally Financial were worth $3,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Principal Securities Inc. increased its stake in shares of Ally Financial by 89.4% in the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock worth $38,000 after purchasing an additional 496 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Ally Financial during the fourth quarter worth $43,000. UMB Bank n.a. raised its stake in shares of Ally Financial by 218.8% during the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 1,061 shares during the period. 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 during the period. Finally, Van ECK Associates Corp purchased a new position in Ally Financial during the 4th quarter valued at about $85,000. 88.76% of the stock is currently owned by institutional investors.

Insider Activity at Ally Financial

In related news, CFO Russell E. Hutchinson purchased 19,100 shares of Ally Financial stock in a transaction dated Friday, January 24th. The stock was purchased at an average cost of $39.45 per share, for a total transaction of $753,495.00. Following the completion of the purchase, the chief financial officer now directly owns 202,845 shares of the company's stock, valued at $8,002,235.25. The trade was a 10.39 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael George Rhodes bought 25,634 shares of the company's stock in a transaction that occurred on Monday, January 27th. The stock was bought at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the acquisition, the chief executive officer now directly owns 25,634 shares of the company's stock, valued at $1,002,033.06. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by insiders.

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Ally Financial Stock Down 0.1 %

Shares of NYSE ALLY traded down $0.04 during mid-day trading on Wednesday, hitting $32.29. 335,570 shares of the stock traded hands, compared to its average volume of 3,506,477. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $9.92 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 0.32 and a beta of 1.12. The stock has a fifty day moving average price of $35.51 and a 200-day moving average price of $36.25. Ally Financial Inc. has a 52 week low of $29.52 and a 52 week high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.21. The firm had revenue of $2.09 billion for 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 for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. Research analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.72%. The ex-dividend date was Friday, January 31st. Ally Financial's dividend payout ratio (DPR) is currently 46.15%.

Analyst Upgrades and Downgrades

ALLY has been the topic of several research analyst reports. Morgan Stanley upped their price objective on shares of Ally Financial from $41.00 to $45.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. StockNews.com cut shares of Ally Financial from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Barclays upped their target price on shares of Ally Financial from $36.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. Compass Point upgraded Ally Financial from a "neutral" rating to a "buy" rating and raised their price target for the company from $37.00 to $41.00 in a research report on Monday, April 7th. Finally, The Goldman Sachs Group upped their price objective on Ally Financial from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Tuesday, April 1st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $42.41.

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.