Headlands Technologies LLC Sells 3,671 Shares of Ally Financial Inc. (NYSE:ALLY)

Headlands Technologies LLC cut its position in Ally Financial Inc. (NYSE:ALLY) by 66.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,864 shares of the financial services provider’s stock after selling 3,671 shares during the period. Headlands Technologies LLC’s holdings in Ally Financial were worth $67,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Ally Financial by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 4,895,467 shares of the financial services provider’s stock worth $175,990,000 after acquiring an additional 184,278 shares in the last quarter. B. Metzler seel. Sohn & Co. AG raised its position in shares of Ally Financial by 6.2% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 51,016 shares of the financial services provider’s stock worth $1,832,000 after purchasing an additional 3,000 shares during the period. Meeder Asset Management Inc. lifted its holdings in shares of Ally Financial by 3.2% during the 4th quarter. Meeder Asset Management Inc. now owns 88,947 shares of the financial services provider’s stock valued at $3,203,000 after purchasing an additional 2,783 shares in the last quarter. Allstate Corp acquired a new position in shares of Ally Financial in the 4th quarter valued at approximately $285,000. Finally, DnB Asset Management AS increased its stake in Ally Financial by 4.3% during the 4th quarter. DnB Asset Management AS now owns 48,010 shares of the financial services provider’s stock worth $1,729,000 after purchasing an additional 1,995 shares in the last quarter. 88.76% of the stock is owned by institutional investors.

Insider Activity at Ally Financial

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

Ally Financial Stock Performance

NYSE ALLY opened at $31.34 on Tuesday. The firm has a market capitalization of $9.62 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 0.32 and a beta of 1.12. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. The firm’s fifty day moving average price is $36.57 and its two-hundred day moving average price is $36.41. Ally Financial Inc. has a 1 year low of $30.06 and a 1 year high of $45.46.

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, beating the consensus estimate of $0.57 by $0.21. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. Ally Financial’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the business posted $0.45 EPS. As a group, research analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors 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 dividend yield of 3.83%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial’s payout ratio is presently 46.15%.

Analysts Set New Price Targets

ALLY has been the topic of a number of research reports. Barclays lifted their price target on shares of Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Jefferies Financial Group boosted their price objective 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. Royal Bank of Canada upped their target price on shares of Ally Financial from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Bank of America dropped their price target on Ally Financial from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Morgan Stanley upped 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. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Ally Financial has a consensus rating of “Hold” and a consensus target price of $42.82.

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.