Ally Financial Inc. (NYSE:ALLY) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership trimmed its position in shares of Ally Financial Inc. (NYSE:ALLY) by 17.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,431,636 shares of the financial services provider’s stock after selling 938,672 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Ally Financial were worth $159,583,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Ally Financial in the fourth quarter valued at approximately $75,483,000. Assenagon Asset Management S.A. increased 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 acquiring an additional 1,701,264 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of 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 valued at $81,260,000 after acquiring an additional 1,563,008 shares in the last quarter. ANTIPODES PARTNERS Ltd grew its stake in Ally Financial by 75.6% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 2,956,037 shares of the financial services provider’s stock worth $106,455,000 after purchasing an additional 1,272,853 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Ally Financial during the 3rd quarter worth about $21,571,000. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Ally Financial Price Performance

Shares of NYSE:ALLY opened at $37.50 on Monday. 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 $11.52 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 0.32 and a beta of 1.40. The company has a 50-day simple moving average of $37.09 and a 200-day simple moving average of $36.38. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93.

Ally Financial (NYSE:ALLY) last issued its quarterly 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 firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the previous year, the firm posted $0.45 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, analysts predict that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given 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 yield of 3.20%. Ally Financial’s payout ratio is currently 46.15%.

Insider Transactions at Ally Financial

In other Ally Financial news, CFO Russell E. Hutchinson acquired 19,100 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were purchased at an average price of $39.45 per share, with a total value of $753,495.00. Following the completion of the acquisition, 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 acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael George Rhodes bought 25,634 shares of Ally Financial stock in a transaction on Monday, January 27th. The stock was acquired at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the acquisition, the chief executive officer now owns 25,634 shares of the company’s stock, valued at $1,002,033.06. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ALLY shares. Keefe, Bruyette & Woods boosted their price objective on Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Barclays boosted their price target on shares of Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Jefferies Financial Group raised their price objective on shares of Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their target price on shares of Ally Financial from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group raised their price target on Ally Financial from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $42.53.

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.