Y Intercept Hong Kong Ltd Acquires 23,599 Shares of Ally Financial Inc. (NYSE:ALLY)

Y Intercept Hong Kong Ltd lifted its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 93.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,770 shares of the financial services provider’s stock after acquiring an additional 23,599 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Ally Financial were worth $1,756,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ALLY. State Street Corp raised its holdings in Ally Financial by 0.5% in the third quarter. State Street Corp now owns 10,704,719 shares of the financial services provider’s stock worth $380,981,000 after purchasing an additional 51,426 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Ally Financial by 233.4% in 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 in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Ally Financial by 217.0% in 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Ally Financial by 19.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,106,589 shares of the financial services provider’s stock worth $74,974,000 after purchasing an additional 344,543 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in Ally Financial by 4.7% in the third quarter. Jennison Associates LLC now owns 1,672,812 shares of the financial services provider’s stock worth $59,535,000 after purchasing an additional 75,080 shares in the last quarter. Institutional investors own 88.76% of the company’s stock.

Ally Financial Trading Down 0.9 %

Ally Financial stock opened at $36.59 on Wednesday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. Ally Financial Inc. has a one year low of $31.95 and a one year high of $45.46. The stock has a market capitalization of $11.24 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 0.32 and a beta of 1.45. The business’s fifty day moving average is $37.15 and its 200 day moving average is $37.26.

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, topping the consensus estimate of $0.57 by $0.21. The business had revenue of $2.09 billion for 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%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the firm posted $0.45 earnings per share. On average, sell-side analysts predict that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 annualized dividend and a yield of 3.28%. Ally Financial’s payout ratio is 46.15%.

Insiders Place Their Bets

In other news, CEO Michael George Rhodes bought 25,634 shares of the company’s stock in a transaction on Monday, January 27th. The shares were acquired at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the transaction, the chief executive officer now owns 25,634 shares of the company’s stock, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Russell E. Hutchinson acquired 19,100 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was bought at an average cost 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. This trade represents a 10.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

ALLY has been the subject of a number of research reports. StockNews.com downgraded Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Wells Fargo & Company increased their target price on Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. Morgan Stanley increased their target price on Ally Financial from $41.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Royal Bank of Canada increased their target price on Ally Financial from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. increased their target price on Ally Financial from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $43.76.

About Ally Financial

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.