GAMMA Investing LLC Grows Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

GAMMA Investing LLC grew its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 5,028.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 120,169 shares of the financial services provider's stock after acquiring an additional 117,826 shares during the period. GAMMA Investing LLC's holdings in Ally Financial were worth $4,383,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. New York State Common Retirement Fund increased its stake 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 purchasing an additional 19,785 shares in the last quarter. Atria Wealth Solutions Inc. grew its holdings in Ally Financial by 12.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 22,215 shares of the financial services provider's stock valued at $800,000 after purchasing an additional 2,400 shares during the period. Van ECK Associates Corp purchased a new stake in shares of Ally Financial in the fourth quarter valued at approximately $85,000. Kingsview Wealth Management LLC raised its stake in shares of Ally Financial by 458.0% during the 4th quarter. Kingsview Wealth Management LLC now owns 57,866 shares of the financial services provider's stock worth $2,084,000 after buying an additional 47,495 shares during the period. Finally, Principal Securities Inc. lifted its position in shares of Ally Financial by 89.4% during the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock valued at $38,000 after buying an additional 496 shares in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ally Financial

In other Ally Financial news, CFO Russell E. Hutchinson purchased 8,200 shares of the firm's stock in a transaction on Tuesday, April 22nd. The stock was bought 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 directly owns 236,421 shares of the company's stock, valued at approximately $7,284,131.01. This represents a 3.59% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $257,120.00. Following the sale, the insider now directly owns 90,387 shares in the company, valued at $2,905,038.18. This represents a 8.13% decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

Ally Financial Trading Down 2.2%

Shares of NYSE ALLY traded down $0.80 during trading on Friday, hitting $35.99. 2,836,431 shares of the company were exchanged, compared to its average volume of 3,753,742. The company has a fifty day moving average price of $33.91 and a 200-day moving average price of $35.83. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market capitalization of $11.06 billion, a PE ratio of 13.84, a P/E/G ratio of 0.32 and a beta of 1.14. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.15. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the firm earned $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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend was Thursday, May 1st. Ally Financial's dividend payout ratio is presently 88.24%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ALLY. The Goldman Sachs Group boosted their price target on shares of Ally Financial from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Tuesday, April 1st. Compass Point raised shares of Ally Financial from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $37.00 to $41.00 in a research note on Monday, April 7th. Bank of America reduced their price target on shares of Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a research report on Monday, April 7th. JPMorgan Chase & Co. lowered their price objective on Ally Financial from $43.00 to $36.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $40.00 price objective on shares of Ally Financial in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $41.88.

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.