Trexquant Investment LP Makes New Investment in Ally Financial Inc. (NYSE:ALLY)

Trexquant Investment LP acquired a new stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 233,536 shares of the financial services provider's stock, valued at approximately $8,410,000. Trexquant Investment LP owned about 0.08% of Ally Financial at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Principal Securities Inc. boosted its holdings in shares of Ally Financial by 89.4% during the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 496 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in Ally Financial in the fourth quarter worth approximately $43,000. UMB Bank n.a. boosted its holdings in Ally Financial by 218.8% in the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock worth $56,000 after purchasing an additional 1,061 shares during the last quarter. Harbour Investments Inc. grew its position in Ally Financial by 38.5% in the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock worth $77,000 after purchasing an additional 595 shares during the period. Finally, Van ECK Associates Corp purchased a new stake in Ally Financial during the 4th quarter valued at $85,000. 88.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on ALLY. Compass Point upgraded Ally Financial from a "neutral" rating to a "buy" rating and raised their price target for the stock from $37.00 to $41.00 in a research note on Monday. Jefferies Financial Group raised their target price on Ally Financial from $35.00 to $40.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Royal Bank of Canada upped their price target on shares of Ally Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. Wells Fargo & Company raised their price objective on shares of Ally Financial from $32.00 to $34.00 and gave the stock an "underweight" rating in a report on Thursday, January 23rd. Finally, Barclays upped their target price on shares of Ally Financial from $36.00 to $44.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $42.41.

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Insider Activity at Ally Financial

In other Ally Financial news, CFO Russell E. Hutchinson acquired 19,100 shares of the stock in a transaction on Friday, January 24th. The stock was acquired 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 trade represents a 10.39 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael George Rhodes bought 25,634 shares of Ally Financial stock in a transaction dated Monday, January 27th. The stock was acquired at an average price 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 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 owned by corporate insiders.

Ally Financial Price Performance

ALLY traded up $3.20 during trading on Wednesday, reaching $33.77. 7,773,819 shares of the company traded hands, compared to its average volume of 3,513,007. The company has a market cap of $10.37 billion, a P/E ratio of 12.99, a PEG ratio of 0.32 and a beta of 1.12. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $45.46. The firm has a fifty day simple moving average of $36.00 and a 200 day simple moving average of $36.32.

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 the consensus estimate of $0.57 by $0.21. The company had revenue of $2.09 billion during 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%. Ally Financial's quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the company posted $0.45 earnings per share. On average, equities analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.30 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.55%. Ally Financial's dividend payout ratio is currently 46.15%.

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.