Amalgamated Bank Purchases 647 Shares of Ally Financial Inc. (NYSE:ALLY)

Amalgamated Bank increased its position in Ally Financial Inc. (NYSE:ALLY) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 131,995 shares of the financial services provider’s stock after buying an additional 647 shares during the quarter. Amalgamated Bank’s holdings in Ally Financial were worth $4,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its position in Ally Financial by 68.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 68,986 shares of the financial services provider’s stock valued at $2,455,000 after acquiring an additional 28,114 shares during the period. Oak Thistle LLC acquired a new stake in Ally Financial in the fourth quarter valued at $1,112,000. CWA Asset Management Group LLC acquired a new stake in Ally Financial in the third quarter valued at $1,338,000. Wealth Enhancement Advisory Services LLC raised its position in Ally Financial by 58.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 50,466 shares of the financial services provider’s stock worth $1,796,000 after purchasing an additional 18,671 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Ally Financial during the 3rd quarter worth about $21,571,000. Institutional investors own 88.76% of the company’s stock.

Ally Financial Price Performance

Shares of ALLY opened at $36.68 on Friday. The business’s fifty day moving average is $37.24 and its 200 day moving average is $37.26. Ally Financial Inc. has a 12-month low of $31.95 and a 12-month high of $45.46. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The stock has a market cap of $11.26 billion, a P/E ratio of 14.11, a P/E/G ratio of 0.32 and a beta of 1.45.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm earned $0.45 earnings per share. Sell-side analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date was Friday, January 31st. Ally Financial’s dividend payout ratio is currently 46.15%.

Analysts Set New Price Targets

ALLY has been the subject of a number of analyst reports. 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. Morgan Stanley raised their price target on shares of Ally Financial from $41.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. The Goldman Sachs Group upped their price objective on shares of Ally Financial from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their target price on shares of Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Jefferies Financial Group upped their price target on shares of Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Ally Financial presently has an average rating of “Hold” and an average target price of $43.76.

Insider Transactions at Ally Financial

In other news, CEO Michael George Rhodes acquired 25,634 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was purchased at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the purchase, the chief executive officer now owns 25,634 shares in the company, valued at approximately $1,002,033.06. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Russell E. Hutchinson bought 19,100 shares of the company’s stock in a transaction 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 transaction, 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 disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

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.