Ally Financial Inc. (NYSE:ALLY) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. cut its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 59.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,972 shares of the financial services provider's stock after selling 21,883 shares during the quarter. Shell Asset Management Co.'s holdings in Ally Financial were worth $539,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ALLY. EP Wealth Advisors LLC boosted its holdings in shares of Ally Financial by 4.9% during the 4th quarter. EP Wealth Advisors LLC now owns 6,367 shares of the financial services provider's stock worth $229,000 after purchasing an additional 297 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Ally Financial by 2.1% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,332 shares of the financial services provider's stock valued at $552,000 after purchasing an additional 320 shares during the last quarter. Lido Advisors LLC lifted its position in Ally Financial by 5.9% during the fourth quarter. Lido Advisors LLC now owns 6,455 shares of the financial services provider's stock worth $232,000 after buying an additional 359 shares in the last quarter. Waterfront Wealth Inc. boosted its stake in Ally Financial by 0.8% during the fourth quarter. Waterfront Wealth Inc. now owns 50,924 shares of the financial services provider's stock worth $1,834,000 after buying an additional 389 shares during the last quarter. Finally, Principal Securities Inc. grew its holdings in Ally Financial by 89.4% in 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. Hedge funds and other institutional investors own 88.76% of the company's stock.

Insider Transactions at Ally Financial

In other news, insider Stephanie N. Richard sold 8,000 shares of the business's stock in a transaction dated 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 transaction, the insider now directly owns 90,387 shares of the company's stock, valued at approximately $2,905,038.18. The trade was 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 the SEC website. Also, CFO Russell E. Hutchinson bought 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 purchase, the chief financial officer now directly owns 236,421 shares of the company's stock, valued at approximately $7,284,131.01. This trade represents a 3.59% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company's stock.

Ally Financial Trading Down 0.0%

NYSE:ALLY traded down $0.01 on Thursday, reaching $33.92. 3,218,903 shares of the company's stock were exchanged, compared to its average volume of 3,568,780. The firm has a market capitalization of $10.42 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14. Ally Financial Inc. has a 52-week low of $29.52 and a 52-week high of $45.46. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The business has a fifty day moving average of $34.00 and a 200-day moving average of $35.97.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.15. The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $2.04 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. During the same quarter in the previous year, the business posted $0.45 earnings per share. As a group, analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date was Thursday, May 1st. Ally Financial's dividend payout ratio is currently 88.24%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ALLY. Bank of America lowered their price target on shares of Ally Financial from $42.00 to $38.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. BTIG Research lowered shares of Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 target price on the stock. in a report on Tuesday, March 25th. Royal Bank of Canada reissued an "outperform" rating and issued a $40.00 price target on shares of Ally Financial in a research note on Monday, April 21st. Jefferies Financial Group lifted their price target on shares of Ally Financial from $35.00 to $40.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on Ally Financial from $43.00 to $36.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Ally Financial has an average rating of "Hold" and an average target price of $41.69.

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.