Polymer Capital Management US LLC Invests $352,000 in Ally Financial Inc. (NYSE:ALLY)

Polymer Capital Management US LLC bought a new position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,783 shares of the financial services provider's stock, valued at approximately $352,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Ally Financial during the 4th quarter valued at approximately $75,483,000. Assenagon Asset Management S.A. raised its stake in shares of Ally Financial by 233.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider's stock worth $87,509,000 after purchasing an additional 1,701,264 shares during the last quarter. ANTIPODES PARTNERS Ltd raised its stake in shares of Ally Financial by 75.6% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 2,956,037 shares of the financial services provider's stock worth $106,455,000 after purchasing an additional 1,272,853 shares during the last quarter. Amundi lifted its holdings in shares of Ally Financial by 81.0% during the fourth quarter. Amundi now owns 1,156,003 shares of the financial services provider's stock worth $41,165,000 after purchasing an additional 517,388 shares during the period. Finally, Franklin Resources Inc. grew its position in Ally Financial by 184.7% in the 3rd quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider's stock valued at $19,044,000 after buying an additional 345,210 shares during the last quarter. Hedge funds and other institutional investors own 88.76% of the company's stock.

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Insider Transactions at Ally Financial

In other Ally Financial news, CFO Russell E. Hutchinson purchased 19,100 shares of the firm's stock in a transaction on Friday, January 24th. The shares were purchased at an average cost of $39.45 per share, with a total value of $753,495.00. Following the purchase, the chief financial officer now owns 202,845 shares in the company, valued at approximately $8,002,235.25. This represents a 10.39 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael George Rhodes acquired 25,634 shares of the company's stock in a transaction dated Monday, January 27th. The shares were bought at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the purchase, the chief executive officer now owns 25,634 shares in the company, valued at approximately $1,002,033.06. The trade was 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.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Barclays raised 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 note on Monday, January 6th. Bank of America reduced their price objective on shares of Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a research report on Monday, April 7th. BTIG Research cut Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 target price on the stock. in a research report on Tuesday, March 25th. Wells Fargo & Company increased their target price on Ally Financial from $32.00 to $34.00 and gave the stock an "underweight" rating in a research note on Thursday, January 23rd. Finally, Compass Point upgraded Ally Financial from a "neutral" rating to a "buy" rating and lifted their price target for the company from $37.00 to $41.00 in a research note on Monday, April 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $42.41.

Ally Financial Price Performance

Shares of Ally Financial stock traded down $0.23 during trading on Friday, hitting $31.76. 6,337,031 shares of the company were exchanged, compared to its average volume of 3,525,643. The firm has a 50 day moving average price of $35.75 and a 200 day moving average price of $36.30. The stock has a market capitalization of $9.76 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 0.32 and a beta of 1.12. 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 fifty-two week low of $29.52 and a fifty-two week high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.21. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate 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 was up 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 earnings per share. On average, equities analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.78%. 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.