Quantbot Technologies LP Raises Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

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

Other large investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC lifted its position in shares of Ally Financial by 153.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 577 shares during the period. 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 worth $38,000 after purchasing an additional 496 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in Ally Financial during the fourth quarter worth $43,000. UMB Bank n.a. grew its holdings in Ally Financial by 218.8% in the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 1,061 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of Ally Financial in the third quarter valued at $63,000. Hedge funds and other institutional investors own 88.76% of the company's stock.

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Analysts Set New Price Targets

ALLY has been the topic of a number of research reports. StockNews.com cut shares of Ally Financial from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Royal Bank of Canada increased their price target on shares of Ally Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. The Goldman Sachs Group lifted their price objective on Ally Financial from $42.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Wolfe Research cut Ally Financial from an "outperform" rating to a "peer perform" rating in a report on Thursday, December 5th. Finally, Morgan Stanley boosted their price target on Ally Financial from $41.00 to $45.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Ally Financial currently has an average rating of "Hold" and an average target price of $43.76.

Ally Financial Trading Up 3.5 %

NYSE:ALLY traded up $1.16 during trading hours on Friday, reaching $34.15. 3,095,712 shares of the company were exchanged, compared to its average volume of 3,137,513. Ally Financial Inc. has a 52-week low of $31.95 and a 52-week high of $45.46. The stock has a 50 day simple moving average of $36.99 and a 200 day simple moving average of $36.65. The firm has a market cap of $10.49 billion, a price-to-earnings ratio of 13.14, a PEG 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.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.21. The firm had revenue of $2.09 billion for 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 firm's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 earnings per share. As a group, 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. Investors 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 yield of 3.51%. Ally Financial's payout ratio is 46.15%.

Insider Buying and Selling at Ally Financial

In related news, CEO Michael George Rhodes bought 25,634 shares of the company's stock in a transaction that occurred on Monday, January 27th. The shares were acquired at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the acquisition, the chief executive officer now owns 25,634 shares in the company, valued at $1,002,033.06. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the firm's stock in a transaction on Friday, January 24th. The stock was bought at an average price of $39.45 per share, with a total value of $753,495.00. Following the acquisition, the chief financial officer now owns 202,845 shares in the company, valued at $8,002,235.25. This trade represents a 10.39 % 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 corporate insiders.

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.