Quantbot Technologies LP Increases Position in Ally Financial Inc. (NYSE:ALLY)

Quantbot Technologies LP lifted its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 213.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 364,183 shares of the financial services provider's stock after acquiring an additional 248,132 shares during the quarter. Ally Financial makes up 0.5% of Quantbot Technologies LP's portfolio, making the stock its 20th biggest position. Quantbot Technologies LP owned 0.12% of Ally Financial worth $13,114,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ALLY. Venturi Wealth Management LLC grew its stake in Ally Financial by 153.9% in the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider's stock worth $34,000 after purchasing an additional 577 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Ally Financial by 9.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 632,171 shares of the financial services provider's stock worth $22,499,000 after acquiring an additional 53,727 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Ally Financial by 50.1% in the third quarter. Victory Capital Management Inc. now owns 594,114 shares of the financial services provider's stock worth $21,145,000 after acquiring an additional 198,282 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Ally Financial by 1.9% in the third quarter. CIBC Asset Management Inc now owns 15,638 shares of the financial services provider's stock worth $557,000 after acquiring an additional 293 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Ally Financial in the third quarter worth $4,150,000. 88.76% of the stock is owned by hedge funds and other institutional investors.

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Ally Financial Trading Up 3.5 %

Shares of Ally Financial stock traded up $1.16 on Friday, reaching $34.15. The company had a trading volume of 3,095,712 shares, compared to its average volume of 3,137,513. The firm has a market cap of $10.49 billion, a price-to-earnings ratio of 13.14, a P/E/G ratio of 0.32 and a beta of 1.40. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. The firm's 50-day moving average price is $36.99 and its two-hundred day moving average price is $36.65. 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 announced its 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 during 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 company's quarterly 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. As a group, research analysts predict that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date was Friday, January 31st. Ally Financial's dividend payout ratio (DPR) is 46.15%.

Analyst Ratings Changes

A number of research firms have recently commented on ALLY. Royal Bank of Canada increased their target price on Ally Financial from $41.00 to $45.00 and gave the stock an "outperform" rating in a research note on Thursday, January 23rd. Wolfe Research downgraded Ally Financial from an "outperform" rating to a "peer perform" rating in a report on Thursday, December 5th. StockNews.com downgraded Ally Financial from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Morgan Stanley upped their price target on Ally Financial from $41.00 to $45.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Finally, Citigroup upped their price target on Ally Financial from $50.00 to $55.00 and gave the company a "buy" rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Ally Financial has an average rating of "Hold" and a consensus price target of $43.76.

Insider Buying and Selling

In other Ally Financial news, CEO Michael George Rhodes purchased 25,634 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The stock was purchased 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 of the company's stock, valued at approximately $1,002,033.06. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the firm's stock in a transaction that occurred on Friday, January 24th. The shares were acquired at an average cost of $39.45 per share, with a total value of $753,495.00. Following the completion of the purchase, the chief financial officer now directly owns 202,845 shares in the company, valued at $8,002,235.25. The trade was a 10.39 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by corporate insiders.

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.