Stoneridge Investment Partners LLC Takes Position in Ally Financial Inc. (NYSE:ALLY)

Stoneridge Investment Partners LLC purchased a new position in Ally Financial Inc. (NYSE:ALLY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 62,822 shares of the financial services provider's stock, valued at approximately $2,262,000.

Other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its stake in shares of Ally Financial by 68.8% during the third quarter. Janney Montgomery Scott LLC now owns 68,986 shares of the financial services provider's stock valued at $2,455,000 after purchasing an additional 28,114 shares in the last quarter. Oak Thistle LLC purchased a new stake in shares of Ally Financial during the fourth quarter valued at approximately $1,112,000. CWA Asset Management Group LLC purchased a new stake in shares of Ally Financial during the third quarter valued at approximately $1,338,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Ally Financial by 58.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,466 shares of the financial services provider's stock valued at $1,796,000 after buying an additional 18,671 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Ally Financial during the third quarter valued at approximately $21,571,000. 88.76% of the stock is owned by institutional investors.

Ally Financial Stock Up 0.6 %

Shares of NYSE:ALLY traded up $0.23 during trading hours on Tuesday, hitting $38.03. The company's stock had a trading volume of 2,028,974 shares, compared to its average volume of 3,797,785. 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 market capitalization of $11.59 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 0.43 and a beta of 1.45. The firm's fifty day moving average price is $37.19 and its 200 day moving average price is $37.57.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the business posted $0.45 EPS. The company's quarterly revenue was up 3.6% compared to the same quarter last year. As a group, research analysts expect that Ally Financial Inc. will post 3.69 EPS for the current year.

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.16%. The ex-dividend date is Friday, January 31st. Ally Financial's dividend payout ratio is presently 46.15%.

Analyst Ratings Changes

ALLY has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their price target on shares of Ally Financial from $42.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Raymond James upgraded shares of Ally Financial from an "underperform" rating to a "market perform" rating in a research report on Monday, October 21st. Wells Fargo & Company lifted their price target on shares of Ally Financial from $32.00 to $34.00 and gave the company an "underweight" rating in a report on Thursday, January 23rd. Royal Bank of Canada lifted their price target on shares of Ally Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Finally, StockNews.com downgraded shares of Ally Financial from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Ally Financial currently has an average rating of "Hold" and a consensus target price of $43.76.

Insiders Place Their Bets

In other Ally Financial news, CFO Russell E. Hutchinson acquired 19,100 shares of the company's stock in a transaction dated 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 acquisition, the chief financial officer now directly owns 202,845 shares of the company's stock, valued at approximately $8,002,235.25. The trade was a 10.39 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael George Rhodes purchased 25,634 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were purchased at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the acquisition, the chief executive officer now directly owns 25,634 shares of the company's stock, 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 owned by 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.