Alberta Investment Management Corp acquired a new position in Ally Financial Inc. (NYSE:ALLY - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 157,900 shares of the financial services provider's stock, valued at approximately $7,256,000. Alberta Investment Management Corp owned 0.05% of Ally Financial as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ALLY. Wellington Management Group LLP boosted its stake in shares of Ally Financial by 19.5% in the fourth quarter. Wellington Management Group LLP now owns 14,271,290 shares of the financial services provider's stock valued at $646,347,000 after purchasing an additional 2,332,610 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Ally Financial by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 9,018,580 shares of the financial services provider's stock worth $353,776,000 after purchasing an additional 309,638 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Ally Financial by 11.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,783,947 shares of the financial services provider's stock valued at $266,134,000 after purchasing an additional 712,443 shares during the last quarter. Geode Capital Management LLC increased its stake in Ally Financial by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 5,381,838 shares of the financial services provider's stock valued at $243,795,000 after purchasing an additional 241,000 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in Ally Financial by 0.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,867,023 shares of the financial services provider's stock valued at $175,137,000 after purchasing an additional 20,198 shares during the period. Institutional investors and hedge funds own 88.76% of the company's stock.
Insider Transactions at Ally Financial
In other news, insider Stephanie N. Richard sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $44.23, for a total transaction of $221,150.00. Following the completion of the transaction, the insider directly owned 88,927 shares of the company's stock, valued at $3,933,241.21. This trade represents a 5.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.46% of the company's stock.
Ally Financial Price Performance
Shares of NYSE:ALLY opened at $44.89 on Monday. The firm has a market capitalization of $13.66 billion, a price-to-earnings ratio of 10.59, a price-to-earnings-growth ratio of 0.28 and a beta of 1.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.92. The business's 50 day simple moving average is $44.82 and its 200-day simple moving average is $42.61. Ally Financial Inc. has a 12 month low of $35.92 and a 12 month high of $47.29.
Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.01). Ally Financial had a net margin of 16.75% and a return on equity of 11.75%. The firm had revenue of $2.28 billion during the quarter, compared to analysts' expectations of $2.22 billion. During the same period in the previous year, the business earned $0.99 earnings per share. The business's revenue for the quarter was up 9.8% on a year-over-year basis. As a group, equities analysts forecast that Ally Financial Inc. will post 5.19 earnings per share for the current fiscal year.
Ally Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, July 31st. Ally Financial's dividend payout ratio (DPR) is 28.30%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on ALLY shares. Wells Fargo & Company raised their price target on Ally Financial from $52.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, June 26th. Royal Bank Of Canada boosted their target price on Ally Financial from $52.00 to $55.00 and gave the company an "outperform" rating in a report on Friday, July 10th. Wall Street Zen cut Ally Financial from a "buy" rating to a "hold" rating in a research note on Monday, June 8th. The Goldman Sachs Group lifted their price objective on shares of Ally Financial from $50.00 to $56.00 and gave the company a "buy" rating in a research report on Monday, April 20th. Finally, Evercore reissued an "outperform" rating and issued a $54.00 price objective on shares of Ally Financial in a research note on Tuesday, April 21st. Fourteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Ally Financial has a consensus rating of "Moderate Buy" and a consensus price target of $53.64.
View Our Latest Stock Report on ALLY
Ally Financial Company Profile
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Free Report)
Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.
In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.
Further Reading
Want to see what other hedge funds are holding ALLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ally Financial Inc. (NYSE:ALLY - Free Report).
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