Bank of New York Mellon Corp Decreases Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

Bank of New York Mellon Corp lowered its position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 2.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,131,133 shares of the financial services provider's stock after selling 53,821 shares during the quarter. Bank of New York Mellon Corp owned 0.69% of Ally Financial worth $77,722,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ALLY. Proficio Capital Partners LLC purchased a new position in Ally Financial during the fourth quarter valued at approximately $2,534,000. Raymond James Financial Inc. bought a new stake in shares of Ally Financial during the fourth quarter valued at approximately $2,337,000. Amundi raised its position in shares of Ally Financial by 81.0% during the fourth quarter. Amundi now owns 1,156,003 shares of the financial services provider's stock valued at $41,165,000 after buying an additional 517,388 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Ally Financial by 2.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 21,409 shares of the financial services provider's stock valued at $771,000 after buying an additional 500 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Ally Financial by 285.9% during the fourth quarter. HighTower Advisors LLC now owns 58,703 shares of the financial services provider's stock valued at $2,114,000 after buying an additional 43,490 shares during the last quarter. Hedge funds and other institutional investors own 88.76% of the company's stock.

Insider Transactions at Ally Financial

In related news, insider Stephanie N. Richard sold 8,000 shares of the company's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total value of $257,120.00. Following the completion of the sale, the insider directly owned 90,387 shares of the company's stock, valued at $2,905,038.18. This represents a 8.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Russell E. Hutchinson acquired 8,200 shares of the stock in a transaction that occurred on Tuesday, April 22nd. The stock was acquired at an average cost of $30.81 per share, with a total value of $252,642.00. Following the completion of the purchase, the chief financial officer owned 236,421 shares of the company's stock, valued at $7,284,131.01. This trade represents a 3.59% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ALLY. Morgan Stanley reiterated an "overweight" rating and set a $47.00 price objective (up previously from $39.00) on shares of Ally Financial in a research report on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of Ally Financial from $36.00 to $44.00 and gave the company an "overweight" rating in a research report on Friday. Compass Point upgraded shares of Ally Financial from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $37.00 to $41.00 in a research report on Monday, April 7th. Royal Bank Of Canada restated an "outperform" rating on shares of Ally Financial in a research report on Monday. Finally, BTIG Research upgraded shares of Ally Financial from a "sell" rating to a "neutral" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $42.67.

Ally Financial Trading Up 0.5%

Shares of ALLY traded up $0.21 during trading hours on Monday, reaching $40.65. 2,852,707 shares of the company traded hands, compared to its average volume of 4,076,330. The firm has a market cap of $12.49 billion, a price-to-earnings ratio of 29.89, a PEG ratio of 0.38 and a beta of 1.15. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $45.46. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.38. The stock's fifty day moving average price is $36.67 and its 200 day moving average price is $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 (EPS) 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 analyst estimates of $2.04 billion. Ally Financial had a net margin of 6.96% and a return on equity of 9.53%. During the same period in the previous year, the firm earned $0.45 earnings per share. Sell-side analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Thursday, May 1st. Ally Financial's dividend payout ratio (DPR) is presently 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.