Mesirow Institutional Investment Management Inc. Takes Position in Ally Financial Inc. (NYSE:ALLY)

Mesirow Institutional Investment Management Inc. bought a new stake in Ally Financial Inc. (NYSE:ALLY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 84,579 shares of the financial services provider's stock, valued at approximately $3,046,000.

Other hedge funds have also made changes to their positions in the company. Principal Securities Inc. increased its holdings in Ally Financial by 89.4% during the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 496 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Ally Financial in the fourth quarter valued at approximately $43,000. UMB Bank n.a. increased 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 worth $56,000 after purchasing an additional 1,061 shares in the last quarter. Harbour Investments Inc. raised its position in shares of Ally Financial by 38.5% during 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 last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Ally Financial in the 4th quarter valued at approximately $78,000. Hedge funds and other institutional investors own 88.76% of the company's stock.

Insider Buying and Selling at Ally Financial

In other news, CEO Michael George Rhodes purchased 25,634 shares of the stock in a transaction that occurred on 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 acquisition, the chief executive officer now owns 25,634 shares in the company, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Russell E. Hutchinson acquired 19,100 shares of the business's stock in a transaction on Friday, January 24th. The stock was purchased 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 represents a 10.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 52,934 shares of company stock valued at $2,008,170 over the last three months. 0.67% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ALLY. JPMorgan Chase & Co. cut their price target on Ally Financial from $43.00 to $36.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. 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 report on Monday, April 7th. Royal Bank of Canada reiterated an "outperform" rating and set a $40.00 price target on shares of Ally Financial in a report on Monday. Jefferies Financial Group upped their price objective on shares of Ally Financial from $35.00 to $40.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Finally, Bank of America lowered their target price on shares of Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a research note on Monday, April 7th. 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. Based on data from MarketBeat, Ally Financial currently has an average rating of "Hold" and a consensus target price of $41.69.

Ally Financial Trading Up 2.2 %

Shares of NYSE ALLY traded up $0.70 during midday trading on Wednesday, hitting $32.11. The stock had a trading volume of 6,501,678 shares, compared to its average volume of 3,523,356. 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 Inc. has a 1-year low of $29.52 and a 1-year high of $45.46. The company has a market capitalization of $9.86 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 0.32 and a beta of 1.12. The company has a fifty day moving average price of $34.88 and a 200 day moving average price of $36.13.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its quarterly 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 firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $2.04 billion. During the same period in the previous year, the company posted $0.45 earnings per share. On average, analysts predict that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.20 annualized dividend and a yield of 3.74%. Ally Financial's dividend payout ratio is currently 88.24%.

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.