Boothbay Fund Management LLC Acquires New Holdings in Ally Financial Inc. (NYSE:ALLY)

Boothbay Fund Management LLC acquired a new stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,213 shares of the financial services provider's stock, valued at approximately $368,000.

Other institutional investors have also made changes to their positions in the company. Virtu Financial LLC bought a new position in shares of Ally Financial in the third quarter valued at approximately $450,000. Tidal Investments LLC raised its holdings in Ally Financial by 5.8% in the 3rd quarter. Tidal Investments LLC now owns 25,999 shares of the financial services provider's stock worth $925,000 after acquiring an additional 1,416 shares during the period. Franklin Resources Inc. lifted its position in Ally Financial by 184.7% during the 3rd quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider's stock worth $19,044,000 after acquiring an additional 345,210 shares during the last quarter. Everence Capital Management Inc. acquired a new position in Ally Financial during the 4th quarter worth $297,000. Finally, Oak Thistle LLC acquired a new stake in shares of Ally Financial in the fourth quarter valued at about $1,112,000. 88.76% of the stock is owned by institutional investors.

Ally Financial Price Performance

Shares of ALLY stock traded up $0.22 during trading hours on Wednesday, hitting $32.76. 273,058 shares of the company's stock were exchanged, compared to its average volume of 3,525,883. The stock's 50-day moving average is $33.87 and its 200-day moving average is $35.95. 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 Inc. has a 52 week low of $29.52 and a 52 week high of $45.46. The stock has a market cap of $10.06 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14.

Ally Financial (NYSE:ALLY - Get Free Report) last posted 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 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 analysts' expectations of $2.04 billion. During the same quarter last year, the company posted $0.45 EPS. As a group, research analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The company 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 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%.

Insider Activity

In other Ally Financial news, CFO Russell E. Hutchinson bought 8,200 shares of the company's stock in a transaction on Tuesday, April 22nd. The stock was bought at an average price of $30.81 per share, for a total transaction of $252,642.00. Following the transaction, the chief financial officer now owns 236,421 shares of the company's stock, valued at approximately $7,284,131.01. The trade was a 3.59 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Stephanie N. Richard sold 8,000 shares of Ally Financial stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total value of $257,120.00. Following the sale, the insider now directly owns 90,387 shares of the company's stock, valued at approximately $2,905,038.18. This trade represents a 8.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on ALLY shares. Jefferies Financial Group upped their target price 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. Compass Point upgraded shares of Ally Financial from a "neutral" rating to a "buy" rating and increased their target price for the company from $37.00 to $41.00 in a research note on Monday, April 7th. Bank of America decreased their target price on Ally Financial from $42.00 to $38.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Royal Bank of Canada reiterated an "outperform" rating and issued a $40.00 price objective on shares of Ally Financial in a research report on Monday, April 21st. Finally, BTIG Research cut Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price objective on the stock. in a research report on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $41.69.

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.