Prudential Financial Inc. Has $720,000 Stake in Ally Financial Inc. (NYSE:ALLY)

Prudential Financial Inc. decreased its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 68.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,995 shares of the financial services provider's stock after selling 42,423 shares during the quarter. Prudential Financial Inc.'s holdings in Ally Financial were worth $720,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Ally Financial by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 28,252,149 shares of the financial services provider's stock valued at $1,017,360,000 after purchasing an additional 111,231 shares during the period. State Street Corp boosted its position in shares of Ally Financial by 0.5% in the third quarter. State Street Corp now owns 10,704,719 shares of the financial services provider's stock valued at $380,981,000 after acquiring an additional 51,426 shares during the period. ANTIPODES PARTNERS Ltd grew its stake in shares of Ally Financial by 75.6% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 2,956,037 shares of the financial services provider's stock worth $106,455,000 after acquiring an additional 1,272,853 shares during the last quarter. Assenagon Asset Management S.A. increased its position in 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 acquiring an additional 1,701,264 shares during the period. Finally, Amundi raised its stake in Ally Financial by 81.0% during the 4th quarter. Amundi now owns 1,156,003 shares of the financial services provider's stock valued at $41,165,000 after purchasing an additional 517,388 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at Ally Financial

In related news, CFO Russell E. Hutchinson acquired 19,100 shares of the company's stock in a transaction that occurred on Friday, January 24th. The shares were acquired at an average cost of $39.45 per share, for a total transaction of $753,495.00. Following the completion of the acquisition, the chief financial officer now directly owns 202,845 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, CEO Michael George Rhodes acquired 25,634 shares of the business's stock in a transaction that occurred on Monday, January 27th. The stock was bought at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the transaction, the chief executive officer now directly owns 25,634 shares in the company, valued at $1,002,033.06. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on ALLY shares. The Goldman Sachs Group raised their price target on shares of Ally Financial from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Tuesday, April 1st. Royal Bank of Canada lifted their target price on Ally Financial from $41.00 to $45.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. StockNews.com lowered shares of Ally Financial from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. BTIG Research downgraded Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price objective on the stock. in a report on Tuesday, March 25th. Finally, 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 report on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, Ally Financial presently has a consensus rating of "Hold" and an average target price of $42.41.

Ally Financial Trading Down 0.7 %

NYSE ALLY traded down $0.23 during trading on Friday, reaching $31.76. 6,337,031 shares of the stock traded hands, compared to its average volume of 3,525,643. The stock's 50-day moving average price is $35.75 and its 200 day moving average price is $36.30. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The firm has a market cap of $9.76 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 0.32 and a beta of 1.12. 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 announced its quarterly earnings results 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 company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The firm's revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS. Analysts predict 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 issued a $0.30 dividend. 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 (DPR) 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.