New York State Common Retirement Fund Acquires 19,785 Shares of Ally Financial Inc. (NYSE:ALLY)

New York State Common Retirement Fund grew its position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 11.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 189,643 shares of the financial services provider's stock after purchasing an additional 19,785 shares during the quarter. New York State Common Retirement Fund owned approximately 0.06% of Ally Financial worth $6,829,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Venturi Wealth Management LLC boosted its stake in shares of Ally Financial by 153.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 577 shares in the last quarter. Principal Securities Inc. boosted its position in Ally Financial by 89.4% during the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock valued at $38,000 after buying an additional 496 shares during the period. Kestra Investment Management LLC bought a new position in shares of Ally Financial during the fourth quarter valued at about $43,000. Allworth Financial LP lifted its stake in shares of Ally Financial by 41.9% in the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider's stock valued at $51,000 after acquiring an additional 421 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in 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 acquiring an additional 1,061 shares during the period. 88.76% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other news, CFO Russell E. Hutchinson bought 19,100 shares of the business's stock in a transaction that occurred on Friday, January 24th. The shares were 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 owns 202,845 shares of the company's stock, valued at approximately $8,002,235.25. This represents a 10.39 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael George Rhodes purchased 25,634 shares of the firm's stock in a transaction on Monday, January 27th. The shares were 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 directly owns 25,634 shares in the company, valued at $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 currently owned by insiders.

Ally Financial Stock Up 1.1 %

Shares of ALLY traded up $0.41 during mid-day trading on Friday, hitting $37.12. 3,037,420 shares of the company traded hands, compared to its average volume of 3,529,144. The business has a 50 day moving average of $37.28 and a 200 day moving average of $37.21. The company has a market capitalization of $11.40 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 0.32 and a beta of 1.45. 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 $31.95 and a 1-year high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the previous year, the business earned $0.45 EPS. The company's quarterly revenue was up 3.6% compared to the same quarter last year. Equities research analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.30 per share. The ex-dividend date was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.23%. Ally Financial's dividend payout ratio is currently 46.15%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ALLY. Morgan Stanley upped their price objective on shares of Ally Financial from $41.00 to $45.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Citigroup increased their price objective on Ally Financial from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Barclays lifted their price objective on Ally Financial from $36.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. Truist Financial upped their target price on Ally Financial from $42.00 to $47.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Finally, Royal Bank of Canada lifted their price target on shares of Ally Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Ally Financial presently has an average rating of "Hold" and a consensus price target of $43.76.

About Ally Financial

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.