QRG Capital Management Inc. Has $3.81 Million Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

QRG Capital Management Inc. increased its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,824 shares of the financial services provider’s stock after purchasing an additional 1,881 shares during the period. QRG Capital Management Inc.’s holdings in Ally Financial were worth $3,811,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Allworth Financial LP increased its stake in shares of Ally Financial by 41.9% in the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 421 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Ally Financial by 58.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,466 shares of the financial services provider’s stock valued at $1,796,000 after purchasing an additional 18,671 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in Ally Financial by 8.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 68,032 shares of the financial services provider’s stock valued at $2,365,000 after purchasing an additional 5,197 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Ally Financial by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 31,910 shares of the financial services provider’s stock valued at $1,135,000 after purchasing an additional 2,160 shares during the period. Finally, New York State Teachers Retirement System boosted its position in shares of Ally Financial by 0.8% during the 3rd quarter. New York State Teachers Retirement System now owns 108,157 shares of the financial services provider’s stock worth $3,849,000 after purchasing an additional 846 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. The Goldman Sachs Group upped their price target on Ally Financial from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Morgan Stanley upped their target price on Ally Financial from $41.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. 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 report on Monday, January 6th. Jefferies Financial Group upped their price objective on shares of Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Finally, Wolfe Research cut shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $43.76.

Ally Financial Stock Performance

Shares of ALLY opened at $37.12 on Friday. The stock has a 50 day moving average of $37.28 and a 200 day moving average of $37.21. The company has a market capitalization of $11.40 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 0.32 and a beta of 1.45. Ally Financial Inc. has a 12 month low of $31.95 and a 12 month high of $45.46. 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 (NYSE:ALLY) last announced 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 firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $0.45 EPS. As a group, sell-side analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current 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 given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.23%. The ex-dividend date was Friday, January 31st. Ally Financial’s dividend payout ratio is 46.15%.

Insider Buying and Selling at Ally Financial

In other news, CEO Michael George Rhodes acquired 25,634 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was bought 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 in the company, valued at $1,002,033.06. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Russell E. Hutchinson acquired 19,100 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average price of $39.45 per share, for a total transaction of $753,495.00. Following the completion of the purchase, the chief financial officer now directly owns 202,845 shares in the company, valued at $8,002,235.25. This trade represents a 10.39 % 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 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.