Private Management Group Inc. Increases Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

Private Management Group Inc. grew its position in shares of Ally Financial Inc. (NYSE:ALLY) by 3.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 747,194 shares of the financial services provider’s stock after buying an additional 25,501 shares during the period. Private Management Group Inc.’s holdings in Ally Financial were worth $26,906,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in ALLY. Assenagon Asset Management S.A. increased its position in 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 period. Jacobs Levy Equity Management Inc. boosted its position in shares of Ally Financial by 217.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider’s stock worth $81,260,000 after purchasing an additional 1,563,008 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in shares of Ally Financial by 584.7% during the 3rd quarter. Wedge Capital Management L L P NC now owns 1,395,308 shares of the financial services provider’s stock worth $49,659,000 after purchasing an additional 1,191,529 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Ally Financial in the 3rd quarter valued at about $21,571,000. Finally, 140 Summer Partners LP purchased a new position in shares of Ally Financial in the 3rd quarter valued at about $19,140,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

Insider Activity at Ally Financial

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

Ally Financial Stock Performance

Shares of ALLY opened at $38.16 on Thursday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. The firm’s 50 day moving average is $37.30 and its 200-day moving average is $37.69. Ally Financial Inc. has a 12-month low of $31.95 and a 12-month high of $45.46. The stock has a market capitalization of $11.63 billion, a P/E ratio of 14.68, a P/E/G ratio of 0.43 and a beta of 1.45.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the previous year, the company earned $0.45 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities research analysts anticipate that Ally Financial Inc. will post 3.7 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.15%. Ally Financial’s dividend payout ratio is 46.15%.

Analyst Upgrades and Downgrades

ALLY has been the subject of a number of research analyst reports. Wells Fargo & Company increased 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. Morgan Stanley lifted their price objective on Ally Financial from $41.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods raised their price target on Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. StockNews.com downgraded shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Jefferies Financial Group increased their target price on Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Ally Financial has a consensus rating of “Hold” and an average target price of $43.76.

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.