Mesirow Institutional Investment Management Inc. Makes New Investment in Ally Financial Inc. (NYSE:ALLY)

Mesirow Institutional Investment Management Inc. bought a new position in Ally Financial Inc. (NYSE:ALLY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 84,579 shares of the financial services provider's stock, valued at approximately $3,046,000.

A number of other institutional investors have also bought and sold shares of ALLY. Principal Securities Inc. raised its stake in Ally Financial by 89.4% during the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 496 shares during the period. Kestra Investment Management LLC bought a new stake in Ally Financial in the 4th quarter valued at $43,000. UMB Bank n.a. lifted its stake in Ally Financial by 218.8% in the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock worth $56,000 after purchasing an additional 1,061 shares in the last quarter. Harbour Investments Inc. grew its position in shares of Ally Financial by 38.5% during the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock valued at $77,000 after purchasing an additional 595 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Ally Financial in the fourth quarter worth about $78,000. Hedge funds and other institutional investors own 88.76% of the company's stock.

Insider Transactions at Ally Financial

In related news, CEO Michael George Rhodes acquired 25,634 shares of the stock in a transaction dated Monday, January 27th. The stock was acquired at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the purchase, the chief executive officer now owns 25,634 shares of the company's stock, valued at approximately $1,002,033.06. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Russell E. Hutchinson bought 8,200 shares of Ally Financial stock in a transaction that occurred on Tuesday, April 22nd. The stock was purchased at an average price of $30.81 per share, with a total value of $252,642.00. Following the purchase, the chief financial officer now directly owns 236,421 shares in the company, valued at $7,284,131.01. The trade was a 3.59 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.67% of the company's stock.

Ally Financial Stock Down 0.8 %

NYSE ALLY traded down $0.26 during midday trading on Friday, hitting $32.93. 992,137 shares of the company traded hands, compared to its average volume of 3,518,981. The company has a market cap of $10.11 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 0.32 and a beta of 1.12. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. Ally Financial Inc. has a 52 week low of $29.52 and a 52 week high of $45.46. The company's 50-day simple moving average is $34.65 and its 200-day simple moving average is $36.09.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its 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. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the company posted $0.45 earnings per share. As a group, equities research 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 declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend is Thursday, May 1st. Ally Financial's payout ratio is presently 88.24%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Barclays upped their price objective on Ally Financial from $36.00 to $44.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. JPMorgan Chase & Co. lowered their price target on shares of Ally Financial from $43.00 to $36.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Compass Point raised Ally Financial from a "neutral" rating to a "buy" rating and raised their price objective for the company from $37.00 to $41.00 in a research note on Monday, April 7th. Morgan Stanley decreased their price target on Ally Financial from $45.00 to $39.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. For consumer lenders, the Trump Administration’s hardline approach to tariffs is “difficult to ignore” and there’s clearly more downside to the group if tariffs remain near current levels. If tariffs remain in place, risks to growth would skew meaningfully to the downside and risks to inflation to the upside, adds the analyst, who is downgrading the firm’s Consumer Finance industry view to Cautious from Attractive. Finally, BTIG Research cut shares of Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price objective on the stock. in a research report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus 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.