Stifel Financial Corp Raises Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

Stifel Financial Corp grew its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 113.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,101 shares of the financial services provider's stock after purchasing an additional 31,915 shares during the quarter. Stifel Financial Corp's holdings in Ally Financial were worth $2,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ALLY. Principal Securities Inc. lifted its holdings in Ally Financial by 89.4% in the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock worth $38,000 after purchasing an additional 496 shares in the last quarter. Kestra Investment Management LLC purchased a new position in shares of Ally Financial in the fourth quarter worth $43,000. UMB Bank n.a. boosted its position in shares of Ally Financial by 218.8% during the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock worth $56,000 after acquiring an additional 1,061 shares during the last quarter. Harbour Investments Inc. boosted its position in shares of Ally Financial by 38.5% during 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 during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in Ally Financial in the 4th quarter valued at $78,000. 88.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Russell E. Hutchinson purchased 8,200 shares of the company's 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 transaction, the chief financial officer now owns 236,421 shares of the company's stock, valued at $7,284,131.01. This represents a 3.59 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephanie N. Richard sold 8,000 shares of the firm's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total value of $257,120.00. Following the transaction, the insider now owns 90,387 shares in the company, valued at approximately $2,905,038.18. This represents a 8.13 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. BTIG Research lowered Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price objective for the company. in a research report on Tuesday, March 25th. Royal Bank of Canada restated an "outperform" rating and set a $40.00 price target on shares of Ally Financial in a report on Monday, April 21st. StockNews.com cut Ally Financial from a "hold" rating to a "sell" rating in a report on Wednesday. JPMorgan Chase & Co. cut their target price on shares of 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 shares of 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 research note on Monday, April 7th. Three equities research 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 data from MarketBeat.com, Ally Financial has a consensus rating of "Hold" and a consensus target price of $41.69.

Ally Financial Trading Up 3.3 %

Shares of NYSE ALLY traded up $1.10 during midday trading on Friday, hitting $34.60. The company's stock had a trading volume of 4,654,743 shares, compared to its average volume of 3,563,745. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $45.46. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. The firm has a market cap of $10.63 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14. The business's 50 day moving average is $33.74 and its two-hundred day moving average is $35.93.

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 for the quarter, topping analysts' consensus estimates of $0.43 by $0.15. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $2.04 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. During the same quarter last year, the firm posted $0.45 earnings per share. As a group, equities research analysts expect that Ally Financial Inc. will post 3.57 EPS for the current 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 given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.20 annualized dividend and a yield of 3.47%. Ally Financial's dividend payout ratio (DPR) is 88.24%.

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.