Oak Thistle LLC Buys Shares of 16,081 Ally Financial Inc. (NYSE:ALLY)

Oak Thistle LLC bought a new stake in shares of Ally Financial Inc. (NYSE:ALLYFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 16,081 shares of the financial services provider’s stock, valued at approximately $562,000.

Several other large investors have also recently bought and sold shares of ALLY. Roundview Capital LLC acquired a new position in Ally Financial during the 1st quarter valued at about $242,000. Cetera Advisor Networks LLC acquired a new position in shares of Ally Financial in the 1st quarter worth approximately $214,000. D.A. Davidson & CO. acquired a new position in shares of Ally Financial in the 1st quarter worth approximately $261,000. MetLife Investment Management LLC acquired a new position in shares of Ally Financial in the 1st quarter worth approximately $294,000. Finally, Rhumbline Advisers grew its stake in shares of Ally Financial by 1.4% in the 1st quarter. Rhumbline Advisers now owns 291,312 shares of the financial services provider’s stock worth $12,666,000 after purchasing an additional 4,099 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Stock Performance

ALLY stock opened at $39.05 on Thursday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $11.78 billion, a P/E ratio of 13.06 and a beta of 1.40. The firm has a 50 day simple moving average of $37.41 and a 200 day simple moving average of $32.04. Ally Financial Inc. has a 52 week low of $22.54 and a 52 week high of $41.56.

Ally Financial (NYSE:ALLYGet Free Report) last posted its earnings results on Friday, January 19th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Ally Financial had a net margin of 12.42% and a return on equity of 9.41%. During the same period in the previous year, the company earned $1.08 earnings per share. Research analysts anticipate that Ally Financial Inc. will post 3.09 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Wednesday, January 31st. Ally Financial’s dividend payout ratio (DPR) is presently 40.13%.

Analyst Ratings Changes

ALLY has been the topic of several recent research reports. Barclays lifted their price objective on shares of Ally Financial from $32.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Raymond James cut shares of Ally Financial from a “market perform” rating to an “underperform” rating in a research note on Friday, January 5th. Evercore ISI lifted their target price on shares of Ally Financial from $41.00 to $43.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. Royal Bank of Canada reissued an “outperform” rating and issued a $40.00 target price on shares of Ally Financial in a research report on Monday, January 22nd. Finally, BMO Capital Markets lifted their target price on shares of Ally Financial from $36.00 to $37.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 23rd. Five analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $36.25.

Read Our Latest Stock Report on ALLY

About Ally Financial

(Free Report)

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.

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

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