Tredje AP fonden Sells 21,340 Shares of Ally Financial Inc. (NYSE:ALLY)

Tredje AP fonden lessened its stake in Ally Financial Inc. (NYSE:ALLY) by 50.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,341 shares of the financial services provider’s stock after selling 21,340 shares during the period. Tredje AP fonden’s holdings in Ally Financial were worth $768,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ALLY. Venturi Wealth Management LLC lifted its position in 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 purchasing an additional 577 shares during the last quarter. Principal Securities Inc. raised its holdings in Ally Financial by 89.4% during the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock valued at $38,000 after buying an additional 496 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in Ally Financial during the 4th quarter valued at $43,000. UMB Bank n.a. grew its holdings 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 acquiring an additional 1,061 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of Ally Financial in the third quarter valued at about $63,000. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Russell E. Hutchinson bought 19,100 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were bought at an average price of $39.45 per share, for a total transaction of $753,495.00. Following the completion of the acquisition, the chief financial officer now owns 202,845 shares of the company’s stock, valued at $8,002,235.25. This trade represents a 10.39 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael George Rhodes bought 25,634 shares of the firm’s stock in a transaction 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 purchase, the chief executive officer now owns 25,634 shares in the company, valued at approximately $1,002,033.06. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company’s stock.

Ally Financial Stock Performance

Shares of Ally Financial stock opened at $34.15 on Friday. The stock has a market cap of $10.49 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 0.32 and a beta of 1.40. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. Ally Financial Inc. has a 1 year low of $31.95 and a 1 year high of $45.46. The firm’s 50-day moving average is $36.99 and its 200 day moving average is $36.65.

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

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial’s dividend payout ratio is currently 46.15%.

Analyst Ratings Changes

ALLY has been the topic of a number of research analyst reports. Barclays boosted their price target on Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Wells Fargo & Company upped their target price on Ally Financial from $32.00 to $34.00 and gave the company an “underweight” rating in a report on Thursday, January 23rd. Morgan Stanley boosted their price objective on shares of Ally Financial from $41.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Wolfe Research cut shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. Finally, Jefferies Financial Group boosted 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 analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.