Swiss National Bank Has $27.90 Million Stake in Ally Financial Inc. (NYSE:ALLY)

Swiss National Bank decreased its position in Ally Financial Inc. (NYSE:ALLY) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 774,720 shares of the financial services provider’s stock after selling 35,300 shares during the quarter. Swiss National Bank’s holdings in Ally Financial were worth $27,898,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Ally Financial by 9.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 632,171 shares of the financial services provider’s stock valued at $22,499,000 after acquiring an additional 53,727 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Ally Financial by 50.1% in the third quarter. Victory Capital Management Inc. now owns 594,114 shares of the financial services provider’s stock valued at $21,145,000 after acquiring an additional 198,282 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Ally Financial by 1.9% in the third quarter. CIBC Asset Management Inc now owns 15,638 shares of the financial services provider’s stock valued at $557,000 after acquiring an additional 293 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Ally Financial in the third quarter valued at about $4,150,000. Finally, Natixis Advisors LLC increased its position in shares of Ally Financial by 211.7% in the third quarter. Natixis Advisors LLC now owns 98,634 shares of the financial services provider’s stock valued at $3,511,000 after acquiring an additional 66,993 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Insider Activity at Ally Financial

In related news, CEO Michael George Rhodes purchased 25,634 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was acquired at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the purchase, the chief executive officer now owns 25,634 shares in the company, valued at approximately $1,002,033.06. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was bought at an average price of $39.45 per share, with a total value of $753,495.00. Following the completion of the purchase, the chief financial officer now owns 202,845 shares of the company’s stock, valued at $8,002,235.25. This trade represents a 10.39 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ALLY shares. The Goldman Sachs Group lifted their target price on Ally Financial from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Morgan Stanley lifted their target price on Ally Financial from $41.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Barclays lifted their target price on Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Keefe, Bruyette & Woods lifted their price target on Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, StockNews.com cut Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $43.76.

Ally Financial Trading Up 1.1 %

Shares of NYSE:ALLY opened at $34.45 on Tuesday. Ally Financial Inc. has a 12-month low of $31.95 and a 12-month high of $45.46. The stock has a market cap of $10.58 billion, a PE ratio of 13.25, a P/E/G ratio of 0.32 and a beta of 1.40. The business has a 50 day moving average of $36.96 and a 200-day moving average of $36.56. 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 (NYSE:ALLY) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.21. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 earnings per share. As a group, equities research analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Friday, January 31st. Ally Financial’s dividend payout ratio (DPR) is currently 46.15%.

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.