Rhumbline Advisers Decreases Holdings in Ally Financial Inc. (NYSE:ALLY)

Rhumbline Advisers decreased its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 804,574 shares of the financial services provider's stock after selling 11,369 shares during the quarter. Rhumbline Advisers owned approximately 0.26% of Ally Financial worth $28,973,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ALLY. CIBC Asset Management Inc lifted its stake in shares of Ally Financial by 1.9% during the third quarter. CIBC Asset Management Inc now owns 15,638 shares of the financial services provider's stock valued at $557,000 after acquiring an additional 293 shares during the period. Maverick Capital Ltd. lifted its stake in shares of Ally Financial by 1.2% during the third quarter. Maverick Capital Ltd. now owns 26,120 shares of the financial services provider's stock valued at $930,000 after acquiring an additional 299 shares during the period. Blue Trust Inc. lifted its stake in shares of Ally Financial by 8.2% during the third quarter. Blue Trust Inc. now owns 4,660 shares of the financial services provider's stock valued at $166,000 after acquiring an additional 352 shares during the period. Allworth Financial LP lifted its stake in shares of Ally Financial by 41.9% during the third 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 period. Finally, Venturi Wealth Management LLC lifted its stake in shares of Ally Financial by 153.9% during the third 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. Institutional investors and hedge funds own 88.76% of the company's stock.

Insider Transactions at Ally Financial

In related news, CFO Russell E. Hutchinson purchased 19,100 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 202,845 shares in the company, valued at $8,002,235.25. This trade represents a 10.39 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael George Rhodes purchased 25,634 shares of the company's stock in a transaction dated 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 owns 25,634 shares in the company, valued at approximately $1,002,033.06. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ALLY. JPMorgan Chase & Co. upped their price target on Ally Financial from $40.00 to $43.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. The Goldman Sachs Group upped their price objective on Ally Financial from $42.00 to $48.00 and gave the company a "buy" rating in a report 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. Finally, Morgan Stanley upped their price objective on Ally Financial from $41.00 to $45.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $43.76.

Ally Financial Price Performance

ALLY stock traded down $1.36 during midday trading on Friday, reaching $37.56. 812,843 shares of the stock were exchanged, compared to its average volume of 3,546,270. The stock has a market capitalization of $11.44 billion, a PE ratio of 14.43, a P/E/G ratio of 0.34 and a beta of 1.45. Ally Financial Inc. has a 52 week low of $31.95 and a 52 week high of $45.46. 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 company has a fifty day moving average price of $37.17 and a 200 day moving average price of $37.37.

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

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial's dividend payout ratio (DPR) is 46.15%.

Ally Financial 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.