Elo Mutual Pension Insurance Co Decreases Stock Position in Ally Financial Inc. (NYSE:ALLY)

Elo Mutual Pension Insurance Co lessened its position in shares of Ally Financial Inc. (NYSE:ALLY) by 21.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,163 shares of the financial services provider’s stock after selling 5,138 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Ally Financial were worth $690,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ALLY. Principal Securities Inc. lifted its stake in shares of Ally Financial by 89.4% during the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock valued at $38,000 after buying an additional 496 shares in the last quarter. Kestra Investment Management LLC bought a new stake in Ally Financial during the 4th quarter valued at $43,000. UMB Bank n.a. lifted its position in shares of Ally Financial by 218.8% during the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 1,061 shares in the last quarter. Harbour Investments Inc. boosted its holdings in shares of Ally Financial by 38.5% in the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 595 shares during the period. Finally, Van ECK Associates Corp purchased a new position in shares of Ally Financial in the fourth quarter valued at $85,000. Institutional investors own 88.76% of the company’s stock.

Insider Activity

In other Ally Financial news, CFO Russell E. Hutchinson acquired 19,100 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were acquired 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 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 purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael George Rhodes purchased 25,634 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was bought at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ALLY. Keefe, Bruyette & Woods increased their price target on shares of Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. StockNews.com cut shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Royal Bank of Canada boosted their price target on shares of Ally Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group upped their price target on shares of Ally Financial from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, Jefferies Financial Group lifted their price objective on Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $42.53.

Ally Financial Price Performance

Shares of ALLY stock opened at $37.50 on Monday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. Ally Financial Inc. has a fifty-two week low of $31.95 and a fifty-two week high of $45.46. The firm has a market cap of $11.52 billion, a P/E ratio of 14.42, a P/E/G ratio of 0.32 and a beta of 1.40. The business’s 50 day moving average price is $37.09 and its 200-day moving average price is $36.38.

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, beating analysts’ consensus estimates of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the previous year, the firm earned $0.45 EPS. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Friday, January 31st. Ally Financial’s dividend payout ratio is currently 46.15%.

About Ally Financial

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.