Sumitomo Mitsui Trust Group Inc. Sells 29,046 Shares of Ally Financial Inc. (NYSE:ALLY)

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Ally Financial Inc. (NYSE:ALLY - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 603,125 shares of the financial services provider's stock after selling 29,046 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.20% of Ally Financial worth $21,719,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. State Street Corp grew its position in Ally Financial by 0.5% in the third quarter. State Street Corp now owns 10,704,719 shares of the financial services provider's stock worth $380,981,000 after buying an additional 51,426 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Ally Financial by 233.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider's stock worth $87,509,000 after purchasing an additional 1,701,264 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in Ally Financial by 217.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider's stock worth $81,260,000 after purchasing an additional 1,563,008 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Ally Financial by 19.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,106,589 shares of the financial services provider's stock worth $74,974,000 after purchasing an additional 344,543 shares in the last quarter. Finally, Jennison Associates LLC grew its position in Ally Financial by 4.7% during the 3rd quarter. Jennison Associates LLC now owns 1,672,812 shares of the financial services provider's stock worth $59,535,000 after purchasing an additional 75,080 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company's stock.

Insider Buying and Selling at Ally Financial

In related news, CEO Michael George Rhodes bought 25,634 shares of Ally Financial stock in a transaction dated Monday, January 27th. The shares were 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 of the company's stock, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Russell E. Hutchinson bought 19,100 shares of Ally Financial stock in a transaction dated Friday, January 24th. The shares were bought at an average price of $39.45 per share, for a total transaction of $753,495.00. Following the completion of the transaction, the chief financial officer now directly owns 202,845 shares of the company's stock, valued at $8,002,235.25. This represents a 10.39 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company's stock.

Analyst Upgrades and Downgrades

ALLY has been the subject of a number of research reports. Wolfe Research lowered shares of Ally Financial from an "outperform" rating to a "peer perform" rating in a research note on Thursday, December 5th. Royal Bank of Canada lifted their price objective on shares of Ally Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Barclays lifted their price objective on shares of Ally Financial from $36.00 to $44.00 and gave the company an "equal weight" rating in a research note on Monday, January 6th. JPMorgan Chase & Co. lifted their target price on shares of Ally Financial from $40.00 to $43.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Finally, Jefferies Financial Group lifted 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. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $43.76.

Ally Financial Price Performance

NYSE ALLY traded up $1.09 on Friday, reaching $38.39. The company's stock had a trading volume of 2,503,940 shares, compared to its average volume of 3,918,172. The firm has a market cap of $11.70 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 0.43 and a beta of 1.45. The business has a 50-day moving average price of $37.11 and a 200 day moving average price of $37.43. Ally Financial Inc. has a 52 week low of $31.95 and a 52 week 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.

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 for the quarter, beating analysts' consensus estimates of $0.57 by $0.21. The business had revenue of $2.09 billion for the quarter, compared to analysts' expectations of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Sell-side analysts expect that Ally Financial Inc. will post 3.69 EPS for the current year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given 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 3.13%. Ally Financial's dividend payout ratio (DPR) is presently 46.15%.

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.