Alaska Permanent Fund Corp Sells 1,323 Shares of Ally Financial Inc. (NYSE:ALLY)

Alaska Permanent Fund Corp cut its stake in Ally Financial Inc. (NYSE:ALLY) by 1.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,977 shares of the financial services provider’s stock after selling 1,323 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Ally Financial were worth $2,863,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ALLY. NBC Securities Inc. bought a new position in shares of Ally Financial in the 3rd quarter worth about $26,000. Harvest Fund Management Co. Ltd increased its stake in shares of Ally Financial by 337.8% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,563 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 1,206 shares in the last quarter. Friedenthal Financial bought a new position in shares of Ally Financial in the 4th quarter worth about $50,000. Denali Advisors LLC increased its stake in shares of Ally Financial by 68.6% in the 3rd quarter. Denali Advisors LLC now owns 1,897 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 772 shares in the last quarter. Finally, Rakuten Securities Inc. bought a new position in shares of Ally Financial in the 4th quarter worth about $67,000. 88.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ALLY shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Ally Financial in a research note on Thursday, February 1st. JPMorgan Chase & Co. lowered shares of Ally Financial from a “neutral” rating to an “underweight” rating and raised their price objective for the company from $37.00 to $39.00 in a research note on Wednesday, April 3rd. StockNews.com upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ally Financial in a research note on Wednesday, January 10th. They set a “buy” rating and a $47.00 price objective for the company. Finally, TD Cowen raised their price objective on shares of Ally Financial from $42.00 to $43.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $38.47.

Ally Financial Stock Performance

Shares of ALLY traded up $0.05 on Wednesday, reaching $39.76. The company’s stock had a trading volume of 3,365,989 shares, compared to its average volume of 4,005,391. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $12.09 billion, a P/E ratio of 16.21, a PEG ratio of 0.58 and a beta of 1.40. The stock’s 50 day simple moving average is $37.85 and its two-hundred day simple moving average is $33.23. Ally Financial Inc. has a 12-month low of $22.54 and a 12-month high of $41.56.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping 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 was down 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 earnings per share. Research analysts forecast that Ally Financial Inc. will post 2.95 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Tuesday, April 30th. Ally Financial’s payout ratio is 48.98%.

Ally Financial Company 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.