Y Intercept Hong Kong Ltd Boosts Stock Position in Ally Financial Inc. (NYSE:ALLY)

Y Intercept Hong Kong Ltd raised its stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 93.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,770 shares of the financial services provider's stock after purchasing an additional 23,599 shares during the period. Y Intercept Hong Kong Ltd's holdings in Ally Financial were worth $1,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ALLY. Venturi Wealth Management LLC raised its position in Ally Financial by 153.9% during the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 577 shares during the period. Principal Securities Inc. raised its position in Ally Financial by 89.4% during 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 during the period. Kestra Investment Management LLC purchased a new stake in Ally Financial during the fourth quarter valued at approximately $43,000. Allworth Financial LP raised its position in Ally Financial by 41.9% during the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 421 shares during the period. Finally, UMB Bank n.a. grew its stake in shares of Ally Financial by 218.8% during the fourth 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. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity at Ally Financial

In other news, CFO Russell E. Hutchinson acquired 19,100 shares of the business's stock in a transaction on Friday, January 24th. The stock was bought at an average cost of $39.45 per share, for a total transaction of $753,495.00. Following the purchase, the chief financial officer now owns 202,845 shares in the company, valued at approximately $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 this hyperlink. Also, CEO Michael George Rhodes acquired 25,634 shares of the business's stock in a transaction on Monday, January 27th. The shares were purchased at an average price of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the purchase, the chief executive officer now owns 25,634 shares in the company, 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 company insiders.

Ally Financial Stock Performance

Shares of ALLY stock traded up $0.41 on Friday, hitting $37.12. The company had a trading volume of 3,037,420 shares, compared to its average volume of 3,529,144. The firm has a market cap of $11.40 billion, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 0.32 and a beta of 1.45. The company has a 50-day moving average price of $37.28 and a 200-day moving average price of $37.23. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. Ally Financial Inc. has a twelve month low of $31.95 and a twelve month high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) 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 business had revenue of $2.09 billion during the quarter, compared to analysts' expectations of $2.02 billion. During the same quarter in the previous year, the firm posted $0.45 EPS. The company's revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities research analysts predict that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.23%. Ally Financial's dividend payout ratio is presently 46.15%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ALLY shares. Royal Bank of Canada increased their price objective on Ally Financial from $41.00 to $45.00 and gave the stock an "outperform" rating in a research note on Thursday, January 23rd. Jefferies Financial Group lifted their price target on Ally Financial from $35.00 to $40.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Citigroup raised their price objective on Ally Financial from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. StockNews.com cut Ally Financial from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley raised their price objective on Ally Financial from $41.00 to $45.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $43.76.

Ally Financial Company 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.