Dimensional Fund Advisors LP Sells 1,127,367 Shares of Ally Financial Inc. (NYSE:ALLY)

Dimensional Fund Advisors LP reduced its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 11.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,663,392 shares of the financial services provider's stock after selling 1,127,367 shares during the quarter. Dimensional Fund Advisors LP owned 2.84% of Ally Financial worth $311,966,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. First Trust Advisors LP raised its stake in shares of Ally Financial by 41.4% in the fourth quarter. First Trust Advisors LP now owns 3,458,352 shares of the financial services provider's stock valued at $124,535,000 after buying an additional 1,011,985 shares during the period. Forum Financial Management LP purchased a new stake in Ally Financial during the fourth quarter valued at about $318,000. Global Endowment Management LP boosted its position in Ally Financial by 15.4% during the fourth quarter. Global Endowment Management LP now owns 37,205 shares of the financial services provider's stock worth $1,340,000 after purchasing an additional 4,953 shares during the period. Marshall Wace LLP purchased a new position in shares of Ally Financial in the fourth quarter worth about $19,178,000. Finally, Jump Financial LLC raised its position in shares of Ally Financial by 32.1% in the fourth quarter. Jump Financial LLC now owns 419,452 shares of the financial services provider's stock valued at $15,104,000 after purchasing an additional 101,952 shares during the period. Institutional investors own 88.76% of the company's stock.

Insider Transactions at Ally Financial

In other news, CEO Michael George Rhodes purchased 25,634 shares of Ally Financial stock in a transaction that occurred on Monday, January 27th. The shares were bought at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the purchase, the chief executive officer now directly owns 25,634 shares in the company, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Russell E. Hutchinson bought 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, for a total transaction of $252,642.00. Following the acquisition, the chief financial officer now owns 236,421 shares in the company, valued at approximately $7,284,131.01. This represents a 3.59 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ALLY has been the subject of a number of recent research reports. Jefferies Financial Group lifted their price objective on shares of Ally Financial from $35.00 to $40.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. The Goldman Sachs Group boosted their price objective on Ally Financial from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. Royal Bank of Canada restated an "outperform" rating and issued a $40.00 target price on shares of Ally Financial in a research note 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 research report on Monday, January 6th. Finally, StockNews.com cut shares of Ally Financial from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $41.69.

Ally Financial Trading Down 0.7 %

Shares of NYSE ALLY traded down $0.24 during midday trading on Friday, reaching $32.95. The company had a trading volume of 4,237,971 shares, compared to its average volume of 3,532,021. The stock has a market cap of $10.12 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 0.32 and a beta of 1.12. Ally Financial Inc. has a one year low of $29.52 and a one year high of $45.46. The firm's fifty day moving average price is $34.52 and its 200-day moving average price is $36.08. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51.

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

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Thursday, May 1st. 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.