Ally Financial Inc. (NYSE:ALLY) Stock Holdings Lessened by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 144,867 shares of the financial services provider’s stock after selling 3,328 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Ally Financial were worth $5,217,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its holdings 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 worth $34,000 after buying an additional 577 shares during the period. Principal Securities Inc. raised its holdings in Ally Financial by 89.4% in the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 496 shares during the period. Kestra Investment Management LLC acquired a new position in Ally Financial during the 4th quarter worth $43,000. UMB Bank n.a. boosted its holdings in Ally Financial by 218.8% during the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 1,061 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in shares of Ally Financial in the third quarter valued at about $63,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Price Performance

ALLY opened at $34.82 on Wednesday. The company has a fifty day simple moving average of $37.26 and a 200 day simple moving average of $37.09. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The stock has a market cap of $10.69 billion, a P/E ratio of 13.39, a P/E/G 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.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the firm posted $0.45 earnings per share. Ally Financial’s revenue was up 3.6% compared to the same quarter last year. On average, research analysts expect that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.45%. Ally Financial’s payout ratio is 46.15%.

Insider Activity at Ally Financial

In other news, CEO Michael George Rhodes bought 25,634 shares of the company’s 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 transaction, the chief executive officer now owns 25,634 shares in the company, valued at $1,002,033.06. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Russell E. Hutchinson purchased 19,100 shares of Ally Financial 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 transaction, the chief financial officer now owns 202,845 shares in the company, valued at approximately $8,002,235.25. The trade was a 10.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ALLY has been the subject of several recent analyst reports. Keefe, Bruyette & Woods increased their target price on Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Jefferies Financial Group increased their price objective on Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Morgan Stanley boosted their target price on shares of Ally Financial from $41.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Wolfe Research downgraded shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 5th. Finally, Barclays upped their price objective 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. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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.