84,335 Shares in Ally Financial Inc. (NYSE:ALLY) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in Ally Financial Inc. (NYSE:ALLY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 84,335 shares of the financial services provider’s stock, valued at approximately $3,037,000.

Other hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. raised its position in shares of Ally Financial by 233.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider’s stock worth $87,509,000 after purchasing an additional 1,701,264 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Ally Financial by 217.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider’s stock worth $81,260,000 after acquiring an additional 1,563,008 shares during the last quarter. ANTIPODES PARTNERS Ltd lifted its position in shares of Ally Financial by 75.6% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 2,956,037 shares of the financial services provider’s stock valued at $106,455,000 after acquiring an additional 1,272,853 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Ally Financial during the third quarter valued at $21,571,000. Finally, 140 Summer Partners LP purchased a new stake in Ally Financial during the 3rd quarter worth about $19,140,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Insider Transactions at Ally Financial

In other Ally Financial news, CFO Russell E. Hutchinson bought 19,100 shares of the business’s stock in a transaction on Friday, January 24th. The shares were purchased at an average price of $39.45 per share, with a total value of $753,495.00. Following the completion of the acquisition, the chief financial officer now directly owns 202,845 shares of the company’s stock, valued at approximately $8,002,235.25. The trade was a 10.39 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael George Rhodes bought 25,634 shares of the stock in a transaction dated Monday, January 27th. The shares were bought at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the acquisition, the chief executive officer now directly owns 25,634 shares of the company’s stock, valued at approximately $1,002,033.06. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

ALLY has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on shares of Ally Financial from $32.00 to $34.00 and gave the company an “underweight” rating in a report on Thursday, January 23rd. Wolfe Research lowered shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. boosted their price target on Ally Financial from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Jefferies Financial Group raised their price objective on Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Finally, BTIG Research lowered Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 target price for the company. in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $42.53.

Ally Financial Price Performance

ALLY stock opened at $36.79 on Thursday. The company has a market capitalization of $11.30 billion, a PE ratio of 14.15, a P/E/G ratio of 0.32 and a beta of 1.40. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The stock’s 50 day moving average is $37.08 and its two-hundred day moving average is $36.33. Ally Financial Inc. has a 52-week low of $31.95 and a 52-week high of $45.46.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.21. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. Analysts predict that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial’s payout ratio is currently 46.15%.

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.