Harel Insurance Investments & Financial Services Ltd. Purchases 1,690 Shares of Ally Financial Inc. (NYSE:ALLY)

Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 55.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,720 shares of the financial services provider’s stock after buying an additional 1,690 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Ally Financial were worth $170,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of ALLY. CIBC Asset Management Inc increased its stake in Ally Financial by 1.9% in the 3rd quarter. CIBC Asset Management Inc now owns 15,638 shares of the financial services provider’s stock worth $557,000 after buying an additional 293 shares during the period. Maverick Capital Ltd. grew its stake in Ally Financial by 1.2% in the 3rd quarter. Maverick Capital Ltd. now owns 26,120 shares of the financial services provider’s stock worth $930,000 after acquiring an additional 299 shares in the last quarter. Blue Trust Inc. grew its stake in Ally Financial by 8.2% in the 3rd quarter. Blue Trust Inc. now owns 4,660 shares of the financial services provider’s stock worth $166,000 after acquiring an additional 352 shares in the last quarter. Allworth Financial LP increased its position 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 acquiring an additional 421 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in shares of Ally Financial by 153.9% during the third 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 in the last quarter. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Ally Financial Stock Down 2.7 %

Shares of ALLY stock opened at $39.03 on Friday. The stock’s fifty day moving average price is $37.06 and its 200 day moving average price is $37.94. Ally Financial Inc. has a 1-year low of $31.95 and a 1-year high of $45.46. The company has a market cap of $11.89 billion, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 0.42 and a beta of 1.44. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.92.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.21. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2,021,808.41 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 earnings per share. On average, research analysts expect that Ally Financial Inc. will post 3.91 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.07%. Ally Financial’s payout ratio is 46.15%.

Analyst Ratings Changes

Several brokerages recently issued reports on ALLY. Wolfe Research cut Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. Keefe, Bruyette & Woods raised their price target on Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. StockNews.com lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Thursday. Wells Fargo & Company raised their target price on shares of Ally Financial from $32.00 to $34.00 and gave the company an “underweight” rating in a research report on Thursday. Finally, Citigroup upped their price target on shares of Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. 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, the stock has a consensus rating of “Hold” and a consensus price target of $43.47.

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.