Vest Financial LLC Raises Stake in Ally Financial Inc. (NYSE:ALLY)

Vest Financial LLC lifted its holdings in Ally Financial Inc. (NYSE:ALLY - Free Report) by 60.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 69,914 shares of the financial services provider's stock after purchasing an additional 26,465 shares during the quarter. Vest Financial LLC's holdings in Ally Financial were worth $2,518,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Venturi Wealth Management LLC boosted its holdings in shares of Ally Financial by 153.9% in the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider's stock valued at $34,000 after buying an additional 577 shares during the period. Allworth Financial LP lifted its position in Ally Financial by 41.9% in the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider's stock valued at $51,000 after acquiring an additional 421 shares in the last quarter. UMB Bank n.a. boosted its stake in 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 worth $56,000 after purchasing an additional 1,061 shares during the period. Brooklyn Investment Group bought a new position in Ally Financial during the 3rd quarter worth about $63,000. Finally, Rakuten Securities Inc. lifted its holdings in shares of Ally Financial by 65,375.0% in the third quarter. Rakuten Securities Inc. now owns 2,619 shares of the financial services provider's stock valued at $93,000 after purchasing an additional 2,615 shares in the last quarter. 88.76% of the stock is owned by institutional investors.

Insider Activity at Ally Financial

In related 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 price of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the transaction, the chief executive officer now directly owns 25,634 shares in the company, valued at approximately $1,002,033.06. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the company's stock in a transaction that occurred on Friday, January 24th. The shares were purchased at an average cost 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 ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by company insiders.

Ally Financial Price Performance

Shares of Ally Financial stock traded up $0.23 during trading on Tuesday, reaching $38.03. 2,028,774 shares of the company's stock were exchanged, compared to its average volume of 3,777,086. The company has a market cap of $11.59 billion, a P/E ratio of 14.63, a PEG ratio of 0.43 and a beta of 1.45. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. The firm's 50-day moving average price is $37.19 and its 200 day moving average price is $37.57. Ally Financial Inc. has a 1-year low of $31.95 and a 1-year high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings data 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. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the business posted $0.45 EPS. Ally Financial's revenue for the quarter was up 3.6% on a year-over-year basis. As a group, research analysts anticipate that Ally Financial Inc. will post 3.69 earnings per share for the current year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Friday, January 31st. Ally Financial's dividend payout ratio is currently 46.15%.

Wall Street Analysts Forecast Growth

ALLY has been the subject of a number of recent research reports. Royal Bank of Canada upped their price target on Ally Financial from $41.00 to $45.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. Jefferies Financial Group increased their price objective on Ally Financial from $35.00 to $40.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Morgan Stanley upped their price target on shares of Ally Financial from $41.00 to $45.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Wells Fargo & Company lifted their price objective on shares of Ally Financial from $32.00 to $34.00 and gave the company an "underweight" rating in a research 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. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $43.76.

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.