92,393 Shares in Ally Financial Inc. (NYSE:ALLY) Acquired by South Dakota Investment Council

South Dakota Investment Council acquired a new position in Ally Financial Inc. (NYSE:ALLY - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 92,393 shares of the financial services provider's stock, valued at approximately $3,370,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in 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 worth $1,017,360,000 after buying an additional 111,231 shares during the period. Geode Capital Management LLC raised its position in Ally Financial by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 4,895,467 shares of the financial services provider's stock valued at $175,990,000 after purchasing an additional 184,278 shares during the last quarter. First Manhattan CO. LLC. raised its position in Ally Financial by 4.8% in the 4th quarter. First Manhattan CO. LLC. now owns 4,226,639 shares of the financial services provider's stock valued at $153,752,000 after purchasing an additional 192,295 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in Ally Financial by 84.0% in 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 last quarter. Finally, Northern Trust Corp raised its position in Ally Financial by 28.0% during 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 last quarter. Institutional investors and hedge funds own 88.76% of the company's stock.

Insider Activity at Ally Financial

In related news, insider Stephanie N. Richard sold 8,000 shares of the firm'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 transaction, the insider directly owned 90,387 shares of the company's stock, valued at approximately $2,905,038.18. This trade represents a 8.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.56% of the company's stock.

Ally Financial Stock Performance

NYSE ALLY traded up $0.37 on Wednesday, hitting $39.21. 1,092,096 shares of the stock traded hands, compared to its average volume of 3,783,579. The business's fifty day moving average is $37.33 and its two-hundred day moving average is $36.12. Ally Financial Inc. has a 12 month low of $29.52 and a 12 month high of $45.46. The firm has a market capitalization of $12.04 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 0.30 and a beta of 1.15. 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 (NYSE:ALLY - Get Free Report) last announced its earnings results on Friday, July 18th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.21. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a return on equity of 9.48% and a net margin of 7.64%. The business's revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.97 EPS. As a group, equities analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, August 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.06%. Ally Financial's dividend payout ratio is currently 77.92%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Truist Financial raised their price target on shares of Ally Financial from $41.00 to $44.00 and gave the stock a "buy" rating in a research note on Friday, June 13th. BTIG Research upgraded shares of Ally Financial from a "sell" rating to a "neutral" rating in a report on Monday, July 14th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Ally Financial in a research note on Monday, July 14th. Bank of America decreased their price target on shares of Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Finally, Wells Fargo & Company decreased 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Ally Financial presently has a consensus rating of "Hold" and an average price target of $42.73.

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.