Schroder Investment Management Group Sells 28,953 Shares of Ally Financial Inc. (NYSE:ALLY)

Schroder Investment Management Group reduced its holdings in Ally Financial Inc. (NYSE:ALLY - Free Report) by 26.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 81,020 shares of the financial services provider's stock after selling 28,953 shares during the quarter. Schroder Investment Management Group's holdings in Ally Financial were worth $2,892,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Oak Thistle LLC bought a new stake in Ally Financial during the fourth quarter worth $1,112,000. State Street Corp lifted its position in shares of Ally Financial by 0.5% during the 3rd quarter. State Street Corp now owns 10,704,719 shares of the financial services provider's stock valued at $380,981,000 after buying an additional 51,426 shares during the last quarter. Wealthcare Advisory Partners LLC purchased a new position in shares of Ally Financial during the 4th quarter valued at $461,000. Franklin Resources Inc. lifted its position in shares of Ally Financial by 184.7% during 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. Finally, New York State Common Retirement Fund lifted its holdings in Ally Financial by 11.6% during the 4th quarter. New York State Common Retirement Fund now owns 189,643 shares of the financial services provider's stock worth $6,829,000 after purchasing an additional 19,785 shares in the last quarter. Institutional investors own 88.76% of the company's stock.

Insider Activity at Ally Financial

In related news, CFO Russell E. Hutchinson purchased 19,100 shares of Ally Financial stock in a transaction on Friday, January 24th. The stock was purchased at an average cost of $39.45 per share, with a total value of $753,495.00. Following the acquisition, the chief financial officer now directly owns 202,845 shares in the company, valued at approximately $8,002,235.25. This trade represents a 10.39 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael George Rhodes acquired 25,634 shares of Ally Financial stock in a transaction dated Monday, January 27th. The shares were acquired at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the acquisition, the chief executive officer now directly owns 25,634 shares in the company, valued at $1,002,033.06. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by company insiders.

Ally Financial Stock Down 4.7 %

Shares of ALLY traded down $1.58 during mid-day trading on Thursday, hitting $32.15. 564,041 shares of the company's stock were exchanged, compared to its average volume of 3,501,673. The firm has a fifty day moving average of $36.00 and a two-hundred day moving average of $36.32. Ally Financial Inc. has a twelve month low of $29.52 and a twelve month high of $45.46. The stock has a market cap of $9.87 billion, a price-to-earnings ratio of 12.35, 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 (NYSE:ALLY - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the business posted $0.45 EPS. Ally Financial's revenue was up 3.6% compared to the same quarter last year. On average, sell-side analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.73%. Ally Financial's payout ratio is presently 46.15%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ALLY shares. StockNews.com lowered Ally Financial from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Morgan Stanley raised their price objective on Ally Financial from $41.00 to $45.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Compass Point upgraded Ally Financial from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $37.00 to $41.00 in a research note on Monday. 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 report on Tuesday, March 25th. Finally, Jefferies Financial Group upped their price objective on shares of Ally Financial from $35.00 to $40.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $42.41.

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.