VIRGINIA RETIREMENT SYSTEMS ET Al Has $2.46 Million Stock Position in Ally Financial Inc. $ALLY

VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in Ally Financial Inc. (NYSE:ALLYFree Report) by 153.5% in the 4th quarter, Holdings Channel reports. The fund owned 54,250 shares of the financial services provider’s stock after purchasing an additional 32,850 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Ally Financial were worth $2,457,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Ally Financial in the 4th quarter worth about $29,000. SBI Securities Co. Ltd. lifted its stake in Ally Financial by 43.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 904 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 276 shares in the last quarter. Larson Financial Group LLC lifted its stake in Ally Financial by 67.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,072 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 430 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Ally Financial by 98.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,111 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 552 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in Ally Financial by 53.5% in the 3rd quarter. Allworth Financial LP now owns 1,154 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 402 shares in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Ally Financial Stock Up 1.5%

ALLY opened at $42.34 on Friday. Ally Financial Inc. has a fifty-two week low of $32.50 and a fifty-two week high of $47.27. The business has a 50-day moving average of $41.03 and a 200-day moving average of $41.83. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $12.98 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 0.25 and a beta of 1.12.

Ally Financial (NYSE:ALLYGet Free Report) last posted its quarterly earnings results on Friday, April 17th. The financial services provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.18. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the business earned $0.58 EPS. The business’s quarterly revenue was up 36.4% on a year-over-year basis. Equities research analysts forecast that Ally Financial Inc. will post 5.3 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.8%. Ally Financial’s dividend payout ratio (DPR) is 29.27%.

Insider Buying and Selling at Ally Financial

In other news, insider Douglas R. Timmerman sold 39,675 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $45.17, for a total transaction of $1,792,119.75. Following the completion of the sale, the insider directly owned 477,627 shares of the company’s stock, valued at $21,574,411.59. This trade represents a 7.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Barclays increased their price objective on Ally Financial from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Morgan Stanley increased their price objective on Ally Financial from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, April 20th. Evercore reissued an “outperform” rating and issued a $54.00 price objective on shares of Ally Financial in a research note on Tuesday, April 21st. Weiss Ratings raised Ally Financial from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen raised Ally Financial from a “hold” rating to a “buy” rating in a research note on Monday. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Ally Financial currently has an average rating of “Moderate Buy” and an average price target of $54.14.

View Our Latest Research Report on ALLY

About Ally Financial

(Free Report)

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.

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Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

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