SG Americas Securities LLC Buys 1,775 Shares of Ally Financial Inc. (NYSE:ALLY)

SG Americas Securities LLC increased its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 5.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,460 shares of the financial services provider’s stock after acquiring an additional 1,775 shares during the period. SG Americas Securities LLC’s holdings in Ally Financial were worth $1,257,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Ally Financial by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 28,252,149 shares of the financial services provider’s stock valued at $1,017,360,000 after buying an additional 111,231 shares during the period. Geode Capital Management LLC lifted its stake in Ally Financial by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 4,895,467 shares of the financial services provider’s stock valued at $175,990,000 after acquiring an additional 184,278 shares during the last quarter. First Manhattan CO. LLC. lifted its stake in Ally Financial by 4.8% in the fourth quarter. First Manhattan CO. LLC. now owns 4,226,639 shares of the financial services provider’s stock valued at $153,752,000 after acquiring an additional 192,295 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Ally Financial by 84.0% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 4,202,179 shares of the financial services provider’s stock valued at $151,320,000 after acquiring an additional 1,918,965 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Ally Financial by 28.0% during the 4th quarter. Northern Trust Corp now owns 3,941,459 shares of the financial services provider’s stock worth $141,932,000 after buying an additional 863,052 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Russell E. Hutchinson bought 8,200 shares of the stock in a transaction on Tuesday, April 22nd. The shares were bought at an average cost of $30.81 per share, for a total transaction of $252,642.00. Following the purchase, the chief financial officer now owns 236,421 shares of the company’s stock, valued at $7,284,131.01. This trade represents a 3.59% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stephanie N. Richard sold 8,000 shares of the business’s stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total value of $257,120.00. Following the completion of the transaction, the insider now directly owns 90,387 shares of the company’s stock, valued at approximately $2,905,038.18. This trade represents a 8.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

Ally Financial Stock Up 1.6%

Shares of ALLY stock opened at $36.60 on Tuesday. The stock has a market cap of $11.24 billion, a P/E ratio of 14.08, a P/E/G ratio of 0.32 and a beta of 1.14. Ally Financial Inc. has a twelve month low of $29.52 and a twelve month high of $45.46. The stock has a 50 day moving average of $34.14 and a 200 day moving average of $35.73. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.43 by $0.15. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. During the same period in the previous year, the business earned $0.45 earnings per share. As a group, sell-side analysts expect that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.20 annualized dividend and a yield of 3.28%. Ally Financial’s dividend payout ratio (DPR) is 88.24%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Wall Street Zen upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Friday, May 23rd. Bank of America dropped their price objective on shares of Ally Financial from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. JPMorgan Chase & Co. lowered their target price on shares of Ally Financial from $43.00 to $36.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. BTIG Research downgraded shares of Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 target price for the company. in a report on Tuesday, March 25th. Finally, Wells Fargo & Company decreased their price objective on shares of Ally Financial from $34.00 to $32.00 and set an “underweight” rating for the company in a report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $41.88.

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.