5,748 Shares in Ally Financial Inc. (NYSE:ALLY) Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC purchased a new position in Ally Financial Inc. (NYSE:ALLY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,748 shares of the financial services provider’s stock, valued at approximately $201,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new position in Ally Financial in the third quarter worth about $26,000. Salem Investment Counselors Inc. grew its position in Ally Financial by 115.0% in the first quarter. Salem Investment Counselors Inc. now owns 645 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 345 shares in the last quarter. PCA Investment Advisory Services Inc. purchased a new position in shares of Ally Financial during the second quarter valued at approximately $30,000. Natixis purchased a new position in shares of Ally Financial during the fourth quarter valued at approximately $41,000. Finally, Harvest Fund Management Co. Ltd boosted its position in shares of Ally Financial by 337.8% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,563 shares of the financial services provider’s stock valued at $42,000 after buying an additional 1,206 shares during the period. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Raymond James lowered Ally Financial from a “market perform” rating to an “underperform” rating in a research report on Friday, January 5th. Morgan Stanley upgraded Ally Financial from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $37.00 to $47.00 in a research report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Ally Financial in a research report on Wednesday, January 10th. They set a “buy” rating and a $47.00 target price for the company. Evercore ISI boosted their target price on Ally Financial from $41.00 to $43.00 and gave the company an “in-line” rating in a research report on Thursday, March 28th. Finally, TheStreet raised shares of Ally Financial from a “c+” rating to a “b-” rating in a research note on Thursday, January 11th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $37.59.

Ally Financial Stock Performance

Shares of NYSE:ALLY opened at $35.95 on Wednesday. The company has a market capitalization of $10.93 billion, a price-to-earnings ratio of 12.02, 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 quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.54. The firm has a 50 day moving average of $37.58 and a 200 day moving average of $32.76.

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

Ally Financial 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.