Ally Financial Inc. (NYSE:ALLY) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its position in Ally Financial Inc. (NYSE:ALLY) by 40.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,295 shares of the financial services provider’s stock after acquiring an additional 952 shares during the period. GAMMA Investing LLC’s holdings in Ally Financial were worth $120,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Harbour Investments Inc. increased its holdings in shares of Ally Financial by 38.5% in the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 595 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Ally Financial during the 4th quarter valued at about $78,000. UMB Bank n.a. increased its stake in Ally Financial by 67.1% during the 1st quarter. UMB Bank n.a. now owns 2,583 shares of the financial services provider’s stock valued at $94,000 after buying an additional 1,037 shares during the period. Covestor Ltd increased its stake in Ally Financial by 104.6% during the 4th quarter. Covestor Ltd now owns 2,805 shares of the financial services provider’s stock valued at $101,000 after buying an additional 1,434 shares during the period. Finally, Versant Capital Management Inc increased its stake in Ally Financial by 65.8% during the 1st quarter. Versant Capital Management Inc now owns 2,899 shares of the financial services provider’s stock valued at $106,000 after buying an additional 1,150 shares during the period. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Stock Performance

Shares of ALLY opened at $41.20 on Friday. Ally Financial Inc. has a one year low of $29.52 and a one year high of $45.46. The company has a 50-day moving average of $35.92 and a two-hundred day moving average of $35.80. The stock has a market cap of $12.66 billion, a price-to-earnings ratio of 30.29, a PEG ratio of 0.39 and a beta of 1.15. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.90 and a quick ratio of 0.90.

Ally Financial (NYSE:ALLY) last announced its 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. Ally Financial had a net margin of 6.96% and a return on equity of 9.53%. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period last year, the company posted $0.45 earnings per share. On average, equities research analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Thursday, May 1st. Ally Financial’s payout ratio is 88.24%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. The Goldman Sachs Group raised their target price on shares of Ally Financial from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, April 1st. Royal Bank Of Canada reissued an “outperform” rating and set a $40.00 target price on shares of Ally Financial in a research note on Monday, April 21st. Wells Fargo & Company lowered their target price on shares of Ally Financial from $34.00 to $32.00 and set an “underweight” rating on the stock in a research note on Monday, April 21st. BTIG Research cut shares of Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 price objective on the stock. in a research note on Tuesday, March 25th. Finally, Compass Point raised shares of Ally Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $37.00 to $41.00 in a research note on Monday, April 7th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ally Financial has an average rating of “Hold” and an average price target of $41.60.

Insider Activity

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

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.