Ally Financial Inc. $ALLY Stock Holdings Reduced by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its position in Ally Financial Inc. (NYSE:ALLY) by 25.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 135,751 shares of the financial services provider’s stock after selling 46,293 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Ally Financial were worth $5,326,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in shares of Ally Financial by 19.5% during the 4th quarter. Wellington Management Group LLP now owns 14,271,290 shares of the financial services provider’s stock valued at $646,347,000 after buying an additional 2,332,610 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Ally Financial by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,708,942 shares of the financial services provider’s stock worth $394,432,000 after buying an additional 295,048 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Ally Financial by 7.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,071,504 shares of the financial services provider’s stock valued at $274,978,000 after acquiring an additional 444,756 shares in the last quarter. Geode Capital Management LLC grew its position in Ally Financial by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 5,381,838 shares of the financial services provider’s stock worth $243,795,000 after acquiring an additional 241,000 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in Ally Financial by 0.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,867,023 shares of the financial services provider’s stock worth $175,137,000 after acquiring an additional 20,198 shares in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Ally Financial Price Performance

Shares of NYSE:ALLY opened at $45.20 on Friday. Ally Financial Inc. has a twelve month low of $35.92 and a twelve month high of $47.29. The company has a market cap of $13.86 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 0.28 and a beta of 1.09. The business has a 50 day moving average price of $43.82 and a 200 day moving average price of $42.67. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.31.

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, beating the consensus estimate of $0.93 by $0.18. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the prior year, the business earned $0.58 earnings per share. Ally Financial’s revenue for the quarter was up 36.4% compared to the same quarter last year. Research analysts predict that Ally Financial Inc. will post 5.26 earnings per share for the current year.

Ally Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.20 annualized dividend and a yield of 2.7%. Ally Financial’s dividend payout ratio is 29.27%.

Insider Buying and Selling

In other news, insider Douglas R. Timmerman sold 39,675 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $45.17, for a total transaction of $1,792,119.75. Following the sale, the insider directly owned 477,627 shares in the company, valued at approximately $21,574,411.59. The trade was a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stephanie N. Richard sold 5,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $42.14, for a total transaction of $210,700.00. Following the completion of the sale, the insider directly owned 93,927 shares in the company, valued at $3,958,083.78. This trade represents a 5.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ALLY. Morgan Stanley raised their price target on shares of Ally Financial from $53.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, April 20th. Weiss Ratings upgraded shares of Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Wells Fargo & Company increased 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. Barclays raised their target price on Ally Financial from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. Finally, Bank of America boosted their price target on Ally Financial from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.50.

Ally Financial Profile

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.