Illinois Municipal Retirement Fund Has $4.29 Million Stock Position in Ally Financial Inc. (NYSE:ALLY)

Illinois Municipal Retirement Fund increased its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 42.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 122,970 shares of the financial services provider's stock after acquiring an additional 36,663 shares during the period. Illinois Municipal Retirement Fund's holdings in Ally Financial were worth $4,294,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. NBC Securities Inc. bought a new stake in Ally Financial in the third quarter worth $26,000. Harvest Fund Management Co. Ltd raised its stake in shares of Ally Financial by 337.8% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,563 shares of the financial services provider's stock valued at $42,000 after acquiring an additional 1,206 shares during the last quarter. Friedenthal Financial bought a new position in shares of Ally Financial during the fourth quarter valued at about $50,000. Denali Advisors LLC raised its stake in shares of Ally Financial by 68.6% during the third quarter. Denali Advisors LLC now owns 1,897 shares of the financial services provider's stock valued at $51,000 after acquiring an additional 772 shares during the last quarter. Finally, Rakuten Securities Inc. bought a new position in shares of Ally Financial during the fourth quarter valued at about $67,000. 88.76% of the stock is owned by institutional investors.

Ally Financial Stock Performance

Ally Financial stock traded down $0.61 during midday trading on Thursday, reaching $39.15. 3,433,110 shares of the company traded hands, compared to its average volume of 3,998,251. The firm has a market capitalization of $11.90 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 0.58 and a beta of 1.40. The business has a 50 day moving average of $37.92 and a two-hundred day moving average of $33.28. Ally Financial Inc. has a 12 month low of $22.54 and a 12 month high of $41.56. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.92.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.12. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. The firm's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.82 earnings per share. As a group, research analysts predict that Ally Financial Inc. will post 2.95 earnings per share for the current year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.30 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $1.20 annualized dividend and a yield of 3.07%. Ally Financial's payout ratio is presently 48.98%.

Analyst Ratings Changes

Several brokerages have recently commented on ALLY. Compass Point upped their price objective on shares of Ally Financial from $28.00 to $37.00 and gave the company a "neutral" rating in a research note on Thursday, April 11th. Royal Bank of Canada reissued an "outperform" rating and issued a $40.00 price target on shares of Ally Financial in a research note on Monday, January 22nd. Deutsche Bank Aktiengesellschaft began coverage on shares of Ally Financial in a research note on Wednesday, January 10th. They issued a "buy" rating and a $47.00 price target for the company. BMO Capital Markets increased their price target on shares of Ally Financial from $36.00 to $37.00 and gave the stock a "market perform" rating in a research note on Friday, April 19th. Finally, TD Cowen increased their price target on shares of Ally Financial from $42.00 to $43.00 and gave the stock a "hold" rating in a research note on Friday, April 19th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $38.47.

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.