AustralianSuper Pty Ltd Has $101.06 Million Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

AustralianSuper Pty Ltd boosted its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 0.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,771,009 shares of the financial services provider's stock after acquiring an additional 9,263 shares during the period. AustralianSuper Pty Ltd owned 0.90% of Ally Financial worth $101,059,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ALLY. Raymond James Financial Inc. acquired a new stake in shares of Ally Financial in the 4th quarter worth about $2,337,000. HighTower Advisors LLC increased its holdings in shares of Ally Financial by 285.9% in the 4th quarter. HighTower Advisors LLC now owns 58,703 shares of the financial services provider's stock worth $2,114,000 after acquiring an additional 43,490 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of Ally Financial in the 4th quarter worth about $206,000. Natixis Advisors LLC increased its holdings in shares of Ally Financial by 6.3% in the 4th quarter. Natixis Advisors LLC now owns 104,829 shares of the financial services provider's stock worth $3,775,000 after acquiring an additional 6,195 shares during the period. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Ally Financial in the 4th quarter worth about $209,000. 88.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Stephanie N. Richard sold 8,000 shares of the firm's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total value of $257,120.00. Following the sale, the insider owned 90,387 shares in the company, valued at approximately $2,905,038.18. This trade represents a 8.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Russell E. Hutchinson acquired 8,200 shares of the stock in a transaction dated 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 purchase, the chief financial officer owned 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. Company insiders own 0.67% of the company's stock.

Ally Financial Stock Down 0.9%

ALLY traded down $0.36 during midday trading on Friday, hitting $39.88. 5,849,873 shares of the company's stock traded hands, compared to its average volume of 3,773,986. The company has a market cap of $12.25 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 0.38 and a beta of 1.15. The stock's fifty day simple moving average is $37.33 and its 200-day simple moving average is $36.12. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.90 and a quick ratio of 0.90. Ally Financial Inc. has a one year low of $29.52 and a one year high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings data on Friday, July 18th. The financial services provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.21. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a net margin of 6.96% and a return on equity of 9.53%. The company's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 earnings per share. As a group, equities analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date is Friday, August 1st. Ally Financial's dividend payout ratio is 77.92%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Royal Bank Of Canada reissued an "outperform" rating on shares of Ally Financial in a research note on Monday, July 14th. Wall Street Zen upgraded shares of Ally Financial from a "sell" rating to a "hold" rating in a research report on Friday, May 23rd. Compass Point upgraded shares of Ally Financial from a "neutral" rating to a "buy" rating and raised their price objective for the company from $37.00 to $41.00 in a research report on Monday, April 7th. BTIG Research upgraded shares of Ally Financial from a "sell" rating to a "neutral" rating in a research report on Monday, July 14th. Finally, Citigroup restated a "buy" rating and set a $59.00 price objective (up previously from $55.00) on shares of Ally Financial in a research report on Wednesday, July 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $42.67.

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.