GW&K Investment Management LLC Has $24.11 Million Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

GW&K Investment Management LLC raised its holdings in Ally Financial Inc. (NYSE:ALLY - Free Report) by 3.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 661,084 shares of the financial services provider's stock after buying an additional 23,003 shares during the period. GW&K Investment Management LLC owned 0.22% of Ally Financial worth $24,110,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Copia Wealth Management acquired a new stake in Ally Financial in the 1st quarter valued at $27,000. Private Trust Co. NA boosted its holdings in shares of Ally Financial by 125.7% during the 1st quarter. Private Trust Co. NA now owns 914 shares of the financial services provider's stock worth $33,000 after buying an additional 509 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Ally Financial by 59.6% during the 1st quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider's stock worth $37,000 after buying an additional 377 shares during the period. Harbour Investments Inc. boosted its holdings in shares of Ally Financial by 38.5% during the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock worth $77,000 after buying an additional 595 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new stake in Ally Financial in the 4th quarter valued at about $78,000. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ALLY has been the subject of a number of recent research reports. Wall Street Zen raised shares of Ally Financial from a "sell" rating to a "hold" rating in a report on Friday, May 23rd. Wells Fargo & Company cut their price objective on shares of Ally Financial from $34.00 to $32.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Compass Point upgraded shares of Ally Financial from a "neutral" rating to a "buy" rating and boosted their target price 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, July 14th. Finally, BTIG Research upgraded shares of Ally Financial from a "sell" rating to a "neutral" rating in a research report on Monday, July 14th. One research 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 MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $42.80.

Insider Transactions at Ally Financial

In related news, insider Stephanie N. Richard sold 8,000 shares of the stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total transaction of $257,120.00. Following the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.67% of the stock is currently owned by corporate insiders.

Ally Financial Trading Down 2.3%

Shares of NYSE:ALLY traded down $0.92 during trading on Thursday, reaching $38.53. The stock had a trading volume of 1,930,071 shares, compared to its average volume of 4,081,002. The firm's fifty day moving average is $37.50 and its 200 day moving average is $36.19. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.92 and a current ratio of 0.92. Ally Financial Inc. has a 52 week low of $29.52 and a 52 week high of $45.46. The stock has a market cap of $11.83 billion, a price-to-earnings ratio of 25.02, a P/E/G ratio of 0.31 and a beta of 1.15.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings data on Friday, July 18th. The financial services provider reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.21. Ally Financial had a net margin of 7.64% and a return on equity of 9.48%. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the firm posted $0.97 EPS. The company's quarterly revenue was up 3.0% on a year-over-year basis. As a group, equities analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Friday, August 1st. Ally Financial's dividend payout ratio is currently 77.92%.

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.