Brevan Howard Capital Management LP Acquires 54,898 Shares of Ally Financial Inc. (NYSE:ALLY)

Brevan Howard Capital Management LP lifted its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 262.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,854 shares of the financial services provider's stock after buying an additional 54,898 shares during the period. Brevan Howard Capital Management LP's holdings in Ally Financial were worth $2,732,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Oak Thistle LLC acquired a new stake in shares of Ally Financial during the 4th quarter worth $1,112,000. Wealthcare Advisory Partners LLC acquired a new stake in Ally Financial during the fourth quarter worth about $461,000. Franklin Resources Inc. raised its position in shares of Ally Financial by 184.7% in the 3rd quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider's stock valued at $19,044,000 after buying an additional 345,210 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Ally Financial by 11.6% in the 4th quarter. New York State Common Retirement Fund now owns 189,643 shares of the financial services provider's stock valued at $6,829,000 after buying an additional 19,785 shares in the last quarter. Finally, Kestra Private Wealth Services LLC lifted its holdings in shares of Ally Financial by 16.1% during the 4th quarter. Kestra Private Wealth Services LLC now owns 147,933 shares of the financial services provider's stock worth $5,327,000 after acquiring an additional 20,569 shares during the period. Institutional investors and hedge funds own 88.76% of the company's stock.

Insider Buying and Selling

In related news, insider Stephanie N. Richard sold 8,000 shares of the company's stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total transaction of $257,120.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Russell E. Hutchinson purchased 8,200 shares of the business's stock in a transaction that occurred on Tuesday, April 22nd. The shares were purchased at an average price of $30.81 per share, for a total transaction of $252,642.00. Following the completion of the acquisition, the chief financial officer now owns 236,421 shares of the company's stock, valued at $7,284,131.01. The trade was a 3.59 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on ALLY. The Goldman Sachs Group upped their target price on Ally Financial from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. StockNews.com cut Ally Financial from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. dropped 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. Barclays lifted their price target on shares of Ally Financial from $36.00 to $44.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Finally, BTIG Research downgraded shares of Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price objective for the company. in a research note on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Ally Financial has an average rating of "Hold" and an average price target of $41.69.

Ally Financial Price Performance

Shares of NYSE ALLY opened at $33.01 on Tuesday. The company has a market capitalization of $10.14 billion, a PE ratio of 12.70, a P/E/G ratio of 0.32 and a beta of 1.14. 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 Inc. has a twelve month low of $29.52 and a twelve month high of $45.46. The firm has a fifty day simple moving average of $33.95 and a 200 day simple moving average of $35.98.

Ally Financial (NYSE:ALLY - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $2.04 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. During the same period in the previous year, the company posted $0.45 earnings per share. On average, sell-side analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Thursday, May 1st. Ally Financial's payout ratio is 88.24%.

Ally Financial Company 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.

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