Xponance Inc. Has $1.74 Million Stock Position in Ally Financial Inc. (NYSE:ALLY)

Xponance Inc. grew its holdings in Ally Financial Inc. (NYSE:ALLY) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,310 shares of the financial services provider’s stock after purchasing an additional 2,151 shares during the period. Xponance Inc.’s holdings in Ally Financial were worth $1,740,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ALLY. Natixis Advisors LLC raised its holdings in shares of Ally Financial by 211.7% in the third quarter. Natixis Advisors LLC now owns 98,634 shares of the financial services provider’s stock valued at $3,511,000 after purchasing an additional 66,993 shares during the last quarter. Pathstone Holdings LLC raised its holdings in shares of Ally Financial by 127.0% in the third quarter. Pathstone Holdings LLC now owns 59,741 shares of the financial services provider’s stock valued at $2,126,000 after purchasing an additional 33,420 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Ally Financial in the third quarter valued at approximately $1,709,000. PNC Financial Services Group Inc. raised its holdings in shares of Ally Financial by 1.9% in the third quarter. PNC Financial Services Group Inc. now owns 32,174 shares of the financial services provider’s stock valued at $1,145,000 after purchasing an additional 598 shares during the last quarter. Finally, Intech Investment Management LLC raised its holdings in shares of Ally Financial by 50.8% in the third quarter. Intech Investment Management LLC now owns 16,001 shares of the financial services provider’s stock valued at $569,000 after purchasing an additional 5,387 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ALLY has been the subject of several analyst reports. The Goldman Sachs Group raised their target price on shares of Ally Financial from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. raised their target price on shares of Ally Financial from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods raised their target price on shares of 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 cut shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Finally, 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 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 given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $43.76.

Ally Financial Stock Up 1.1 %

ALLY stock opened at $36.50 on Friday. The company has a market cap of $11.21 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. The business has a 50-day simple moving average of $36.99 and a 200 day simple moving average of $36.40. Ally Financial Inc. has a 52 week low of $31.95 and a 52 week high of $45.46. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. Ally Financial’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 earnings per share. Sell-side analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial’s payout ratio is 46.15%.

Insiders Place Their Bets

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