1,205 Shares in Ally Financial Inc. (NYSE:ALLY) Bought by Kestra Investment Management LLC

Kestra Investment Management LLC purchased a new position in Ally Financial Inc. (NYSE:ALLY) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 1,205 shares of the financial services provider’s stock, valued at approximately $43,000.

A number of other institutional investors also recently bought and sold shares of the stock. Assenagon Asset Management S.A. lifted its position in shares of Ally Financial by 233.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider’s stock worth $87,509,000 after purchasing an additional 1,701,264 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Ally Financial by 217.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider’s stock worth $81,260,000 after purchasing an additional 1,563,008 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Ally Financial during the third quarter worth $21,571,000. 140 Summer Partners LP bought a new stake in shares of Ally Financial during the third quarter worth $19,140,000. Finally, Franklin Resources Inc. lifted its position in shares of Ally Financial by 184.7% during the third quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider’s stock worth $19,044,000 after purchasing an additional 345,210 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Jefferies Financial Group lifted their target price on Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their target price on Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. StockNews.com downgraded Ally Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Wells Fargo & Company lifted their price objective on Ally Financial from $32.00 to $34.00 and gave the company an “underweight” rating in a report on Thursday, January 23rd. Finally, Barclays lifted their price objective on Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Ally Financial has a consensus rating of “Hold” and an average price target of $43.76.

Insider Transactions at Ally Financial

In other Ally Financial news, CEO Michael George Rhodes purchased 25,634 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were acquired at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the purchase, the chief executive officer now owns 25,634 shares of the company’s stock, valued at approximately $1,002,033.06. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the company’s stock in a transaction dated Friday, January 24th. The shares were acquired at an average price of $39.45 per share, for a total transaction of $753,495.00. Following the purchase, the chief financial officer now directly owns 202,845 shares of the company’s stock, valued at approximately $8,002,235.25. The trade was a 10.39 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Ally Financial Price Performance

ALLY opened at $37.51 on Friday. The business’s 50-day moving average is $37.17 and its two-hundred day moving average is $37.37. Ally Financial Inc. has a 1 year low of $31.95 and a 1 year high of $45.46. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $11.43 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 0.34 and a beta of 1.45.

Ally Financial (NYSE:ALLY) last posted 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. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. Research analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share 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 dividend of $0.30 per share. The ex-dividend date was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.20%. Ally Financial’s payout ratio is 46.15%.

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.