Ally Financial Inc. (NYSE:ALLY) Shares Purchased by MetLife Investment Management LLC

MetLife Investment Management LLC boosted its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 8.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 156,242 shares of the financial services provider's stock after acquiring an additional 12,817 shares during the quarter. MetLife Investment Management LLC owned about 0.05% of Ally Financial worth $5,626,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Ally Financial by 2.1% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,332 shares of the financial services provider's stock valued at $552,000 after purchasing an additional 320 shares during the last quarter. Waterfront Wealth Inc. increased its stake in Ally Financial by 0.8% during the 4th quarter. Waterfront Wealth Inc. now owns 50,924 shares of the financial services provider's stock worth $1,834,000 after buying an additional 389 shares during the period. Principal Securities Inc. lifted its holdings in Ally Financial by 89.4% during the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock worth $38,000 after buying an additional 496 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in Ally Financial by 2.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 21,409 shares of the financial services provider's stock valued at $771,000 after buying an additional 500 shares during the period. Finally, Harbour Investments Inc. grew its stake in shares of Ally Financial by 38.5% in the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock worth $77,000 after acquiring an additional 595 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company's stock.

Ally Financial Stock Performance

Shares of ALLY traded down $0.40 during mid-day trading on Tuesday, reaching $32.81. 916,285 shares of the company's stock were exchanged, compared to its average volume of 3,525,495. The business's fifty day simple moving average is $34.40 and its 200-day simple moving average is $36.07. The stock has a market capitalization of $10.08 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 0.32 and a beta of 1.12. Ally Financial Inc. has a 52-week low of $29.52 and a 52-week 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.

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

Ally Financial Dividend Announcement

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 given a dividend of $0.30 per share. The ex-dividend date is Thursday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.66%. Ally Financial's payout ratio is 88.24%.

Analyst Upgrades and Downgrades

ALLY has been the subject of a number of recent research reports. Barclays lifted their target price on Ally Financial from $36.00 to $44.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. StockNews.com downgraded Ally Financial from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Compass Point raised shares of Ally Financial from a "neutral" rating to a "buy" rating and raised their target price for the company from $37.00 to $41.00 in a report on Monday, April 7th. Bank of America lowered their price target on shares of Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a report on Monday, April 7th. Finally, Wells Fargo & Company reduced their price objective on shares of Ally Financial from $34.00 to $32.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $41.69.

Insider Buying and Selling at Ally Financial

In other news, CFO Russell E. Hutchinson bought 8,200 shares of the stock in a transaction dated 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 completion of the acquisition, the chief financial officer now directly owns 236,421 shares in the company, valued at approximately $7,284,131.01. The trade was a 3.59 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.67% of the company's stock.

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.