First Manhattan CO. LLC. Increases Holdings in Ally Financial Inc. (NYSE:ALLY)

First Manhattan CO. LLC. lifted its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,226,639 shares of the financial services provider's stock after buying an additional 192,295 shares during the period. First Manhattan CO. LLC. owned approximately 1.39% of Ally Financial worth $153,752,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ALLY. Vanguard Group Inc. increased its holdings in Ally Financial by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 28,252,149 shares of the financial services provider's stock valued at $1,017,360,000 after purchasing an additional 111,231 shares during the period. Geode Capital Management LLC grew its holdings in shares of Ally Financial by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 4,895,467 shares of the financial services provider's stock worth $175,990,000 after acquiring an additional 184,278 shares during the period. Northern Trust Corp grew its holdings in shares of Ally Financial by 28.0% during the 4th quarter. Northern Trust Corp now owns 3,941,459 shares of the financial services provider's stock worth $141,932,000 after acquiring an additional 863,052 shares during the period. First Trust Advisors LP grew its holdings in shares of Ally Financial by 41.4% during the 4th quarter. First Trust Advisors LP now owns 3,458,352 shares of the financial services provider's stock worth $124,535,000 after acquiring an additional 1,011,985 shares during the period. Finally, Phoenix Financial Ltd. grew its holdings in shares of Ally Financial by 86.4% during the 4th quarter. Phoenix Financial Ltd. now owns 3,390,066 shares of the financial services provider's stock worth $122,077,000 after acquiring an additional 1,571,027 shares during the period. Hedge funds and other institutional investors own 88.76% of the company's stock.

Insider Buying and Selling at Ally Financial

In related news, insider Stephanie N. Richard sold 8,000 shares of Ally Financial stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total value of $257,120.00. Following the completion of the transaction, the insider now owns 90,387 shares in the company, valued at approximately $2,905,038.18. This trade represents a 8.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Russell E. Hutchinson bought 8,200 shares of the company's stock in a transaction on Tuesday, April 22nd. The shares were acquired at an average price of $30.81 per share, with a total value of $252,642.00. Following the transaction, the chief financial officer now directly owns 236,421 shares of the company's stock, valued at approximately $7,284,131.01. This trade represents a 3.59% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.56% of the company's stock.

Wall Street Analysts Forecast Growth

ALLY has been the topic of a number of research analyst reports. BTIG Research downgraded Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 target price on the stock. in a report on Tuesday, March 25th. StockNews.com downgraded Ally Financial from a "hold" rating to a "sell" rating in a report on Wednesday, May 7th. Bank of America reduced their target price on Ally Financial from $42.00 to $38.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Jefferies Financial Group boosted their price target on Ally Financial from $35.00 to $40.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company dropped their price target on Ally Financial from $34.00 to $32.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $41.69.

Ally Financial Stock Performance

Shares of NYSE:ALLY traded down $0.78 during midday trading on Wednesday, hitting $35.87. The company had a trading volume of 1,462,788 shares, compared to its average volume of 4,188,688. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $45.46. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $11.02 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 0.32 and a beta of 1.14. The company has a fifty day moving average of $33.79 and a two-hundred day moving average of $35.96.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.15. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the prior year, the business posted $0.45 EPS. On average, equities research analysts expect that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Thursday, May 1st. Ally Financial's dividend payout ratio (DPR) is presently 88.24%.

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.