Treasurer of the State of North Carolina Sells 60,604 Shares of Ally Financial Inc. (NYSE:ALLY)

Treasurer of the State of North Carolina decreased its holdings in Ally Financial Inc. (NYSE:ALLY - Free Report) by 33.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 120,689 shares of the financial services provider's stock after selling 60,604 shares during the period. Treasurer of the State of North Carolina's holdings in Ally Financial were worth $4,346,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ALLY. Vanguard Group Inc. boosted its holdings in shares of Ally Financial by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 28,252,149 shares of the financial services provider's stock worth $1,017,360,000 after buying an additional 111,231 shares during the last quarter. Geode Capital Management LLC raised its stake in Ally Financial by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 4,895,467 shares of the financial services provider's stock valued at $175,990,000 after purchasing an additional 184,278 shares during the period. Phoenix Financial Ltd. lifted its stake in Ally Financial by 86.4% in the 4th quarter. Phoenix Financial Ltd. now owns 3,390,066 shares of the financial services provider's stock worth $122,077,000 after purchasing an additional 1,571,027 shares in the last quarter. FMR LLC raised its stake in Ally Financial by 1.1% during the fourth quarter. FMR LLC now owns 3,259,705 shares of the financial services provider's stock valued at $117,382,000 after purchasing an additional 35,625 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd lifted its position in Ally Financial by 75.6% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 2,956,037 shares of the financial services provider's stock worth $106,455,000 after buying an additional 1,272,853 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on ALLY. JPMorgan Chase & Co. dropped their price objective on Ally Financial from $43.00 to $36.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Compass Point upgraded shares of Ally Financial from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $37.00 to $41.00 in a research note on Monday, April 7th. Barclays boosted their price target on Ally Financial from $36.00 to $44.00 and gave the company an "equal weight" rating in a research note on Monday, January 6th. Wells Fargo & Company lifted their price target on Ally Financial from $32.00 to $34.00 and gave the company an "underweight" rating in a research report on Thursday, January 23rd. Finally, Bank of America lowered their price target on Ally Financial from $42.00 to $38.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $41.76.

Ally Financial Stock Performance

Shares of NYSE ALLY traded down $0.57 during trading hours on Friday, hitting $31.61. 8,042,061 shares of the company's stock were exchanged, compared to its average volume of 3,522,050. The stock has a market capitalization of $9.71 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 0.32 and a beta of 1.12. Ally Financial Inc. has a 1-year low of $29.52 and a 1-year high of $45.46. The company's 50-day moving average price is $35.27 and its 200-day moving average price is $36.20. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.15. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the company posted $0.45 EPS. On average, sell-side analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Thursday, May 1st. Ally Financial's dividend payout ratio (DPR) is presently 88.24%.

Insider Activity at Ally Financial

In other news, CEO Michael George Rhodes bought 25,634 shares of the business's stock in a transaction that occurred on 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 acquisition, the chief executive officer now directly owns 25,634 shares in the company, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Russell E. Hutchinson acquired 19,100 shares of the firm's stock in a transaction on Friday, January 24th. The shares were bought at an average cost of $39.45 per share, with a total value of $753,495.00. Following the completion of the acquisition, the chief financial officer now directly owns 202,845 shares in the company, valued at approximately $8,002,235.25. This represents a 10.39 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by corporate insiders.

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.