Stoneridge Investment Partners LLC Acquires Shares of 62,822 Ally Financial Inc. (NYSE:ALLY)

Stoneridge Investment Partners LLC bought a new position in shares of Ally Financial Inc. (NYSE:ALLY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 62,822 shares of the financial services provider’s stock, valued at approximately $2,262,000.

Other large investors have also made changes to their positions in the company. Venturi Wealth Management LLC raised its position in shares of Ally Financial by 153.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 577 shares during the last quarter. Allworth Financial LP grew its stake in shares of Ally Financial by 41.9% during the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 421 shares during the period. UMB Bank n.a. increased its holdings in Ally Financial by 218.8% in the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,061 shares during the last quarter. Brooklyn Investment Group bought a new position in Ally Financial during the third quarter worth about $63,000. Finally, Rakuten Securities Inc. boosted its holdings in Ally Financial by 65,375.0% during the third quarter. Rakuten Securities Inc. now owns 2,619 shares of the financial services provider’s stock worth $93,000 after buying an additional 2,615 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Insider Activity

In other Ally Financial news, CFO Russell E. Hutchinson purchased 19,100 shares of Ally Financial stock in a transaction that occurred on Friday, January 24th. The stock was acquired 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 approximately $8,002,235.25. This trade represents a 10.39 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael George Rhodes purchased 25,634 shares of Ally Financial stock in a transaction that occurred on Monday, January 27th. The shares were acquired 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 directly owns 25,634 shares of the company’s stock, valued at $1,002,033.06. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by corporate insiders.

Ally Financial Price Performance

ALLY stock opened at $38.29 on Friday. The stock has a 50-day moving average price of $37.22 and a two-hundred day moving average price of $37.67. The stock has a market cap of $11.67 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 0.43 and a beta of 1.45. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. Ally Financial Inc. has a 1 year low of $31.95 and a 1 year high of $45.46.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.21. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. Ally Financial’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 EPS. Equities analysts forecast that Ally Financial Inc. will post 3.69 EPS for the current fiscal year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Friday, January 31st. Ally Financial’s payout ratio is 46.15%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Citigroup increased their price target on shares of Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Wells Fargo & Company increased their target price on shares of Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. Royal Bank of Canada boosted their price target on shares of Ally Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. The Goldman Sachs Group raised their price objective on Ally Financial from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Finally, Wolfe Research downgraded Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $43.76.

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.