Ally Financial Inc. $ALLY Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 165.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,753 shares of the financial services provider’s stock after buying an additional 13,569 shares during the period. Sequoia Financial Advisors LLC’s holdings in Ally Financial were worth $985,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Chung Wu Investment Group LLC raised its holdings in Ally Financial by 224.1% during the third quarter. Chung Wu Investment Group LLC now owns 38,890 shares of the financial services provider’s stock worth $1,524,000 after purchasing an additional 26,890 shares in the last quarter. NewSquare Capital LLC raised its holdings in Ally Financial by 21,520.9% during the third quarter. NewSquare Capital LLC now owns 27,891 shares of the financial services provider’s stock worth $1,093,000 after purchasing an additional 27,762 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Ally Financial during the third quarter worth approximately $1,194,000. Prana Capital Management LP raised its holdings in Ally Financial by 177.3% during the third quarter. Prana Capital Management LP now owns 178,762 shares of the financial services provider’s stock worth $7,007,000 after purchasing an additional 114,305 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Ally Financial by 7.5% during the third quarter. Principal Financial Group Inc. now owns 674,471 shares of the financial services provider’s stock worth $26,439,000 after purchasing an additional 47,184 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ally Financial

In other news, insider Douglas R. Timmerman sold 39,675 shares of the company’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $45.17, for a total value of $1,792,119.75. Following the transaction, the insider directly owned 477,627 shares of the company’s stock, valued at approximately $21,574,411.59. This represents a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.46% of the company’s stock.

Ally Financial Trading Down 2.7%

NYSE ALLY opened at $41.69 on Thursday. Ally Financial Inc. has a twelve month low of $32.50 and a twelve month high of $47.27. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $12.78 billion, a price-to-earnings ratio of 10.17, a PEG ratio of 0.26 and a beta of 1.12. The firm’s 50 day moving average price is $40.98 and its two-hundred day moving average price is $41.83.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Friday, April 17th. The financial services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.18. Ally Financial had a net margin of 16.47% and a return on equity of 11.41%. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the previous year, the company posted $0.58 EPS. The company’s quarterly revenue was up 36.4% compared to the same quarter last year. Equities analysts anticipate that Ally Financial Inc. will post 5.3 EPS for the current year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.9%. Ally Financial’s dividend payout ratio is 29.27%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ALLY. Wall Street Zen raised Ally Financial from a “hold” rating to a “buy” rating in a report on Monday. Morgan Stanley boosted their target price on Ally Financial from $53.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, April 20th. The Goldman Sachs Group boosted their target price on Ally Financial from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft boosted their target price on Ally Financial from $55.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. dropped their target price on Ally Financial from $48.00 to $46.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Fourteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $54.14.

About Ally Financial

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.