Ally Financial Inc. (NYSE:ALLY) Position Lifted by Pinebridge Investments L.P.

Pinebridge Investments L.P. grew its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 33.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 93,055 shares of the financial services provider's stock after purchasing an additional 23,418 shares during the period. Pinebridge Investments L.P.'s holdings in Ally Financial were worth $3,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. J. Safra Sarasin Holding AG lifted its stake in Ally Financial by 69.2% during the fourth quarter. J. Safra Sarasin Holding AG now owns 44,326 shares of the financial services provider's stock worth $1,596,000 after purchasing an additional 18,125 shares in the last quarter. Stifel Financial Corp lifted its stake in Ally Financial by 113.2% during the fourth quarter. Stifel Financial Corp now owns 60,101 shares of the financial services provider's stock worth $2,164,000 after purchasing an additional 31,915 shares in the last quarter. OneDigital Investment Advisors LLC acquired a new stake in shares of Ally Financial in the fourth quarter valued at $4,955,000. Tower Research Capital LLC TRC raised its stake in shares of Ally Financial by 18.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 22,026 shares of the financial services provider's stock valued at $793,000 after acquiring an additional 3,469 shares in the last quarter. Finally, Mesirow Institutional Investment Management Inc. acquired a new stake in shares of Ally Financial in the fourth quarter valued at $3,046,000. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALLY has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $40.00 price objective on shares of Ally Financial in a report on Monday, April 21st. Barclays upped their price target on Ally Financial from $36.00 to $44.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. The Goldman Sachs Group upped their price target on Ally Financial from $45.00 to $50.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. JPMorgan Chase & Co. lowered their price target on Ally Financial from $43.00 to $36.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Compass Point raised Ally Financial from a "neutral" rating to a "buy" rating and upped their price target for the company from $37.00 to $41.00 in a report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Ally Financial presently has an average rating of "Hold" and a consensus price target of $41.69.

Ally Financial Trading Down 0.0 %

NYSE:ALLY traded down $0.01 during mid-day trading on Thursday, reaching $32.35. The company's stock had a trading volume of 781,693 shares, compared to its average volume of 3,529,893. 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 stock has a market cap of $9.93 billion, a P/E ratio of 12.43, a P/E/G ratio of 0.32 and a beta of 1.12. The company's fifty day simple moving average is $34.19 and its two-hundred day simple moving average is $36.03. Ally Financial Inc. has a twelve month low of $29.52 and a twelve month high of $45.46.

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

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Thursday, May 1st. Ally Financial's payout ratio is currently 88.24%.

Insider Transactions at Ally Financial

In other news, CFO Russell E. Hutchinson bought 8,200 shares of the firm's stock in a transaction dated Tuesday, April 22nd. The stock was acquired at an average cost of $30.81 per share, for a total transaction of $252,642.00. Following the completion of the purchase, the chief financial officer now owns 236,421 shares of the company's stock, valued at $7,284,131.01. This trade represents a 3.59 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.67% of the company's stock.

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.