Point72 Europe London LLP Takes Position in Ally Financial Inc. (NYSE:ALLY)

Point72 Europe London LLP acquired a new position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 407,448 shares of the financial services provider's stock, valued at approximately $14,672,000. Point72 Europe London LLP owned about 0.13% of Ally Financial as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd boosted its holdings in shares of Ally Financial by 843.2% in the fourth quarter. Point72 Hong Kong Ltd now owns 52,779 shares of the financial services provider's stock valued at $1,901,000 after acquiring an additional 47,183 shares in the last quarter. ProShare Advisors LLC lifted its stake in Ally Financial by 7.4% in the fourth quarter. ProShare Advisors LLC now owns 12,833 shares of the financial services provider's stock valued at $462,000 after acquiring an additional 882 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of Ally Financial by 93.8% during the 4th quarter. Quantinno Capital Management LP now owns 62,193 shares of the financial services provider's stock worth $2,240,000 after acquiring an additional 30,098 shares in the last quarter. Man Group plc raised its holdings in Ally Financial by 40.2% in the 4th quarter. Man Group plc now owns 276,812 shares of the financial services provider's stock worth $9,968,000 after acquiring an additional 79,428 shares during the period. Finally, OMERS ADMINISTRATION Corp boosted its position in shares of Ally Financial by 20.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 11,348 shares of the financial services provider's stock valued at $409,000 after acquiring an additional 1,903 shares during the period. 88.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ALLY has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price objective on Ally Financial from $43.00 to $36.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada reissued an "outperform" rating and set a $40.00 target price on shares of Ally Financial in a research note on Monday, April 21st. BTIG Research cut shares of Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price target for the company. in a research note on Tuesday, March 25th. Jefferies Financial Group boosted their target price on shares of Ally Financial from $35.00 to $40.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group raised their target price on shares of Ally Financial from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Ally Financial has a consensus rating of "Hold" and an average price target of $41.69.

Insiders Place Their Bets

In other news, CFO Russell E. Hutchinson acquired 8,200 shares of the company's stock in a transaction dated Tuesday, April 22nd. The shares were acquired 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 of the company's stock, valued at $7,284,131.01. This trade represents a 3.59% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Stephanie N. Richard sold 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total value 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. The trade was a 8.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Ally Financial Stock Down 2.3%

ALLY opened at $35.79 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. Ally Financial Inc. has a twelve month low of $29.52 and a twelve month high of $45.46. The stock has a market capitalization of $10.99 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 0.32 and a beta of 1.14. The firm has a 50 day moving average price of $33.81 and a 200-day moving average price of $35.96.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.15. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $2.04 billion. During the same period in the previous year, the firm earned $0.45 EPS. Equities research analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Thursday, May 1st. Ally Financial's payout ratio is currently 88.24%.

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.

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