California State Teachers Retirement System Grows Stake in Ally Financial Inc. (NYSE:ALLY)

California State Teachers Retirement System raised its stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 26.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 457,976 shares of the financial services provider's stock after purchasing an additional 94,752 shares during the period. California State Teachers Retirement System owned 0.15% of Ally Financial worth $16,492,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Ally Financial by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 28,252,149 shares of the financial services provider's stock valued at $1,017,360,000 after acquiring an additional 111,231 shares during the period. Geode Capital Management LLC boosted its position in shares of Ally Financial by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 4,895,467 shares of the financial services provider's stock worth $175,990,000 after purchasing an additional 184,278 shares during the period. First Manhattan CO. LLC. increased its stake in shares of Ally Financial by 4.8% in the fourth quarter. First Manhattan CO. LLC. now owns 4,226,639 shares of the financial services provider's stock worth $153,752,000 after purchasing an additional 192,295 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of Ally Financial by 84.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 4,202,179 shares of the financial services provider's stock valued at $151,320,000 after purchasing an additional 1,918,965 shares during the period. Finally, Northern Trust Corp boosted its holdings in Ally Financial by 28.0% in the 4th quarter. Northern Trust Corp now owns 3,941,459 shares of the financial services provider's stock worth $141,932,000 after buying an additional 863,052 shares during the period. Hedge funds and other institutional investors own 88.76% of the company's stock.

Analyst Ratings Changes

ALLY has been the topic of a number of recent analyst reports. Wall Street Zen raised Ally Financial from a "sell" rating to a "hold" rating in a report on Friday, May 23rd. Bank of America lowered their price target on Ally Financial from $42.00 to $38.00 and set a "buy" rating on the stock in a report on Monday, April 7th. The Goldman Sachs Group increased their price objective on shares of Ally Financial from $45.00 to $50.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. Truist Financial dropped their target price on shares of Ally Financial from $45.00 to $41.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Compass Point upgraded shares of Ally Financial from a "neutral" rating to a "buy" rating and lifted their price target for the company from $37.00 to $41.00 in a report on Monday, April 7th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Ally Financial currently has a consensus rating of "Hold" and an average target price of $41.69.

Insider Activity

In other news, insider Stephanie N. Richard sold 8,000 shares of Ally Financial stock in a transaction on 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 sale, the insider now directly owns 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Russell E. Hutchinson purchased 8,200 shares of the business's 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 completion of the acquisition, the chief financial officer now owns 236,421 shares of the company's stock, valued at approximately $7,284,131.01. The trade was a 3.59% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company's stock.

Ally Financial Trading Up 0.7%

ALLY stock traded up $0.24 during mid-day trading on Monday, reaching $35.24. 3,963,660 shares of the stock traded hands, compared to its average volume of 3,696,477. Ally Financial Inc. has a one year low of $29.52 and a one year high of $45.46. The stock has a market capitalization of $10.82 billion, a PE ratio of 13.55, a PEG ratio of 0.32 and a beta of 1.14. 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 business has a 50-day moving average price of $33.77 and a two-hundred day moving average price of $35.85.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly 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. 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 period in the previous year, the company earned $0.45 EPS. Equities research analysts expect that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.41%. Ally Financial's dividend payout ratio (DPR) is presently 88.24%.

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.