Ally Financial Inc. (NYSE:ALLY) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,252,149 shares of the financial services provider's stock after acquiring an additional 111,231 shares during the quarter. Vanguard Group Inc. owned approximately 9.27% of Ally Financial worth $1,017,360,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Principal Securities Inc. boosted its holdings in Ally Financial by 89.4% in the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 496 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Ally Financial in the 4th quarter valued at $43,000. UMB Bank n.a. grew its position in shares of Ally Financial by 218.8% in the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock valued at $56,000 after buying an additional 1,061 shares during the last quarter. Brooklyn Investment Group acquired a new position in Ally Financial in the third quarter valued at $63,000. Finally, Harbour Investments Inc. grew its stake in Ally Financial by 38.5% during the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock worth $77,000 after buying an additional 595 shares during the last quarter. Hedge funds and other institutional investors own 88.76% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on ALLY shares. Jefferies Financial Group lifted their target price on shares of Ally Financial from $35.00 to $40.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Morgan Stanley lifted their price objective on shares of Ally Financial from $41.00 to $45.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. increased their target price on shares of Ally Financial from $40.00 to $43.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. 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 report on Monday, January 6th. Finally, The Goldman Sachs Group lifted their target price on Ally Financial from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $42.65.

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Insider Buying and Selling at Ally Financial

In related news, CFO Russell E. Hutchinson bought 19,100 shares of the stock in a transaction on Friday, January 24th. The shares were purchased at an average price of $39.45 per share, for a total transaction of $753,495.00. Following the acquisition, 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 purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Michael George Rhodes purchased 25,634 shares of the company's stock in a transaction on Monday, January 27th. The shares were bought 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 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 corporate insiders.

Ally Financial Price Performance

Shares of ALLY traded up $0.25 during trading hours on Wednesday, reaching $36.94. The company had a trading volume of 596,544 shares, compared to its average volume of 3,399,970. 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 Inc. has a 12-month low of $31.95 and a 12-month high of $45.46. The firm has a 50 day simple moving average of $37.05 and a 200-day simple moving average of $36.43. The company has a market capitalization of $11.35 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 0.32 and a beta of 1.40.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. The firm's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company posted $0.45 earnings per share. Research analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.30 per share. The ex-dividend date was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.25%. Ally Financial's payout ratio is 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.