Achmea Investment Management B.V. lifted its holdings in Ally Financial Inc (NYSE:ALLY) by 40.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 162,317 shares of the financial services provider’s stock after buying an additional 46,884 shares during the quarter. Achmea Investment Management B.V.’s holdings in Ally Financial were worth $3,677,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. Private Capital Group LLC grew its position in Ally Financial by 53.5% during the 4th quarter. Private Capital Group LLC now owns 1,820 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 634 shares during the last quarter. Enlightenment Research LLC purchased a new stake in shares of Ally Financial during the 4th quarter valued at about $54,000. Oregon Public Employees Retirement Fund boosted its holdings in shares of Ally Financial by 2,129.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,394,346 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 2,286,941 shares during the last quarter. Kinneret Advisory LLC purchased a new stake in shares of Ally Financial during the 4th quarter valued at about $121,000. Finally, Quantamental Technologies LLC purchased a new stake in shares of Ally Financial during the 4th quarter valued at about $155,000. 97.11% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Jeffrey Jonathan Brown sold 97,311 shares of the stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $27.01, for a total value of $2,628,370.11. Following the transaction, the chief executive officer now owns 632,569 shares in the company, valued at approximately $17,085,688.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael F. Steib acquired 2,000 shares of the stock in a transaction dated Monday, February 11th. The stock was acquired at an average price of $26.47 per share, for a total transaction of $52,940.00. Following the purchase, the director now directly owns 29,027 shares in the company, valued at $768,344.69. The disclosure for this purchase can be found here. 0.19% of the stock is owned by corporate insiders.
Shares of NYSE:ALLY opened at $26.73 on Friday. Ally Financial Inc has a twelve month low of $20.60 and a twelve month high of $29.00. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.33. The company has a market capitalization of $10.69 billion, a PE ratio of 8.00, a price-to-earnings-growth ratio of 0.59 and a beta of 1.36.
Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Wednesday, January 30th. The financial services provider reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.10. Ally Financial had a net margin of 21.76% and a return on equity of 10.84%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the prior year, the business earned $0.70 EPS. The business’s quarterly revenue was down 2.4% on a year-over-year basis. As a group, analysts expect that Ally Financial Inc will post 3.57 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Stockholders of record on Friday, February 1st were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.54%. The ex-dividend date was Thursday, January 31st. This is a boost from Ally Financial’s previous quarterly dividend of $0.15. Ally Financial’s dividend payout ratio is 20.36%.
A number of brokerages have recently issued reports on ALLY. Zacks Investment Research raised shares of Ally Financial from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Friday, January 11th. Sandler O’Neill raised shares of Ally Financial from a “hold” rating to a “buy” rating and raised their price target for the company from $29.00 to $33.00 in a report on Tuesday, February 26th. They noted that the move was a valuation call. ValuEngine raised shares of Ally Financial from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. BTIG Research raised their price target on shares of Ally Financial to $32.00 and gave the company a “buy” rating in a report on Wednesday, January 23rd. Finally, Barclays dropped their price target on shares of Ally Financial from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Wednesday, January 2nd. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $32.14.
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About Ally Financial
Ally Financial Inc provides various financial products and services for consumers, businesses, automotive dealers, and corporate clients in the United States and Canada. The company operates Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
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