Danica Pension Livsforsikringsaktieselskab Trims Holdings in Ally Financial Inc. $ALLY

Danica Pension Livsforsikringsaktieselskab trimmed its holdings in shares of Ally Financial Inc. (NYSE:ALLYFree Report) by 45.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 637,879 shares of the financial services provider’s stock after selling 528,779 shares during the quarter. Danica Pension Livsforsikringsaktieselskab owned 0.21% of Ally Financial worth $25,024,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ALLY. SJS Investment Consulting Inc. increased its stake in Ally Financial by 30.8% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock worth $40,000 after buying an additional 240 shares during the period. Fifth Third Wealth Advisors LLC lifted its holdings in Ally Financial by 3.1% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 8,010 shares of the financial services provider’s stock valued at $314,000 after buying an additional 243 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Ally Financial by 31.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,052 shares of the financial services provider’s stock valued at $48,000 after buying an additional 252 shares in the last quarter. Triumph Capital Management boosted its position in Ally Financial by 9.2% in the 4th quarter. Triumph Capital Management now owns 3,133 shares of the financial services provider’s stock valued at $142,000 after buying an additional 265 shares during the period. Finally, Larson Financial Group LLC boosted its position in Ally Financial by 25.0% in the 4th quarter. Larson Financial Group LLC now owns 1,340 shares of the financial services provider’s stock valued at $61,000 after buying an additional 268 shares during the period. 88.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ally Financial

In other news, insider Stephanie N. Richard sold 5,000 shares of Ally Financial stock in a transaction on Friday, May 15th. The stock was sold at an average price of $42.14, for a total value of $210,700.00. Following the transaction, the insider directly owned 93,927 shares in the company, valued at approximately $3,958,083.78. This trade represents a 5.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.46% of the company’s stock.

Key Ally Financial News

Here are the key news stories impacting Ally Financial this week:

Wall Street Analysts Forecast Growth

ALLY has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of Ally Financial from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, June 26th. Evercore reiterated an “outperform” rating and issued a $54.00 price target on shares of Ally Financial in a report on Tuesday, April 21st. Morgan Stanley increased their price objective on Ally Financial from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, April 20th. Weiss Ratings raised Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Finally, The Goldman Sachs Group lifted their target price on Ally Financial from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Fourteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.79.

View Our Latest Stock Analysis on ALLY

Ally Financial Price Performance

Shares of ALLY opened at $44.42 on Wednesday. The company has a 50 day moving average price of $44.19 and a 200-day moving average price of $42.63. Ally Financial Inc. has a fifty-two week low of $35.92 and a fifty-two week high of $47.29. The stock has a market capitalization of $13.62 billion, a PE ratio of 10.83, a PEG ratio of 0.26 and a beta of 1.09. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.93 and a current ratio of 0.93.

Ally Financial (NYSE:ALLYGet Free Report) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.01). The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.22 billion. Ally Financial had a net margin of 16.47% and a return on equity of 11.41%. Ally Financial’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.99 earnings per share. Equities analysts predict that Ally Financial Inc. will post 5.32 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, July 31st. Ally Financial’s dividend payout ratio (DPR) is 29.27%.

Ally Financial Company Profile

(Free Report)

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.

Recommended Stories

Want to see what other hedge funds are holding ALLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ally Financial Inc. (NYSE:ALLYFree Report).

Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

Receive News & Ratings for Ally Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ally Financial and related companies with MarketBeat.com's FREE daily email newsletter.