New York State Teachers Retirement System Buys 3,345 Shares of Ally Financial Inc. (NYSE:ALLY)

New York State Teachers Retirement System increased its holdings in Ally Financial Inc. (NYSE:ALLY) by 3.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 96,663 shares of the financial services provider’s stock after purchasing an additional 3,345 shares during the period. New York State Teachers Retirement System’s holdings in Ally Financial were worth $3,375,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of ALLY. Comerica Bank purchased a new stake in Ally Financial in the 2nd quarter worth approximately $6,675,000. Northern Trust Corp lifted its stake in Ally Financial by 34.2% in the 3rd quarter. Northern Trust Corp now owns 3,122,515 shares of the financial services provider’s stock worth $83,309,000 after purchasing an additional 795,754 shares in the last quarter. Private Management Group Inc. lifted its stake in Ally Financial by 9.4% in the 3rd quarter. Private Management Group Inc. now owns 819,136 shares of the financial services provider’s stock worth $21,855,000 after purchasing an additional 70,615 shares in the last quarter. ING Groep NV purchased a new stake in Ally Financial in the 3rd quarter worth approximately $4,336,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in Ally Financial in the 3rd quarter worth approximately $724,000. 88.76% of the stock is owned by institutional investors.

Ally Financial Stock Down 1.7 %

Shares of Ally Financial stock opened at $36.59 on Tuesday. 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 capitalization of $11.12 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 0.54 and a beta of 1.40. Ally Financial Inc. has a 52-week low of $22.54 and a 52-week high of $41.56. The company has a 50-day simple moving average of $37.58 and a two-hundred day simple moving average of $32.69.

Ally Financial (NYSE:ALLY) last issued its earnings results on Friday, January 19th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. Ally Financial had a net margin of 12.42% and a return on equity of 9.41%. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the previous year, the company earned $1.08 earnings per share. On average, analysts anticipate that Ally Financial Inc. will post 2.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. BMO Capital Markets raised their price objective on shares of Ally Financial from $36.00 to $37.00 and gave the company a “market perform” rating in a research report on Tuesday, January 23rd. The Goldman Sachs Group restated a “buy” rating on shares of Ally Financial in a research report on Thursday, February 1st. Raymond James cut shares of Ally Financial from a “market perform” rating to an “underperform” rating in a research report on Friday, January 5th. Royal Bank of Canada restated an “outperform” rating and set a $40.00 price objective on shares of Ally Financial in a research report on Monday, January 22nd. Finally, Wells Fargo & Company raised their price objective on shares of Ally Financial from $29.00 to $33.00 and gave the company an “underweight” rating in a research report on Wednesday, April 10th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $37.59.

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.