Straightline Group LLC Purchases Shares of 15,153 Ally Financial Inc. (NYSE:ALLY)

Straightline Group LLC bought a new stake in Ally Financial Inc. (NYSE:ALLY - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,153 shares of the financial services provider's stock, valued at approximately $546,000. Ally Financial accounts for approximately 0.4% of Straightline Group LLC's holdings, making the stock its 16th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Ally Financial by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 28,252,149 shares of the financial services provider's stock valued at $1,017,360,000 after buying an additional 111,231 shares during the period. State Street Corp boosted 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 acquiring an additional 51,426 shares in the last quarter. Geode Capital Management LLC increased its stake in Ally Financial by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 4,895,467 shares of the financial services provider's stock valued at $175,990,000 after acquiring an additional 184,278 shares during the period. FMR LLC raised its position in Ally Financial by 1.1% in the fourth quarter. FMR LLC now owns 3,259,705 shares of the financial services provider's stock worth $117,382,000 after purchasing an additional 35,625 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd lifted its stake in Ally Financial by 75.6% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 2,956,037 shares of the financial services provider's stock worth $106,455,000 after purchasing an additional 1,272,853 shares during the period. 88.76% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

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

Ally Financial Trading Down 0.7 %

Ally Financial stock traded down $0.23 during mid-day trading on Friday, hitting $31.76. The stock had a trading volume of 6,337,031 shares, compared to its average volume of 3,524,171. The stock has a market capitalization of $9.76 billion, a PE ratio of 12.22, a P/E/G ratio of 0.32 and a beta of 1.12. Ally Financial Inc. has a 12 month low of $29.52 and a 12 month high of $45.46. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. The stock has a 50-day simple moving average of $35.75 and a two-hundred day simple moving average of $36.29.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, topping 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 company had revenue of $2.09 billion during the quarter, compared to analysts' expectations of $2.02 billion. During the same quarter in the previous year, the company earned $0.45 EPS. Ally Financial's revenue was up 3.6% on a year-over-year basis. As a group, sell-side analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 annualized dividend and a yield of 3.78%. Ally Financial's dividend payout ratio (DPR) is currently 46.15%.

Analysts Set New Price Targets

Several research firms have recently weighed in on ALLY. The Goldman Sachs Group upped their price objective on Ally Financial from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. Compass Point upgraded Ally Financial from a "neutral" rating to a "buy" rating and upped their price target for the company from $37.00 to $41.00 in a research report on Monday, April 7th. Bank of America cut their price objective on Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a report on Monday, April 7th. Jefferies Financial Group upped their target price on shares of Ally Financial from $35.00 to $40.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Ally Financial from $43.00 to $36.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $42.41.

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.