30,468 Shares in Ally Financial Inc. $ALLY Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new position in shares of Ally Financial Inc. (NYSE:ALLY) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,468 shares of the financial services provider’s stock, valued at approximately $1,194,000.

Several other hedge funds have also recently bought and sold shares of ALLY. Allworth Financial LP lifted its holdings in shares of Ally Financial by 385.2% during the 2nd quarter. Allworth Financial LP now owns 752 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 597 shares during the period. Mather Group LLC. bought a new position in Ally Financial in the third quarter valued at approximately $31,000. MAI Capital Management increased its stake in Ally Financial by 45.1% in the second quarter. MAI Capital Management now owns 975 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 303 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Ally Financial by 98.7% during the third quarter. Smartleaf Asset Management LLC now owns 1,111 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 552 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in Ally Financial by 33.5% during the third quarter. Bessemer Group Inc. now owns 1,234 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 310 shares in the last quarter. 88.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ALLY has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on Ally Financial from $55.00 to $57.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. The Goldman Sachs Group reissued a “neutral” rating and set a $55.00 price target on shares of Ally Financial in a report on Tuesday, January 6th. Wall Street Zen downgraded Ally Financial from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Weiss Ratings lowered Ally Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 26th. Finally, Evercore decreased their target price on Ally Financial from $53.00 to $51.00 and set an “outperform” rating on the stock in a research report on Thursday, February 5th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Ally Financial presently has an average rating of “Moderate Buy” and a consensus price target of $50.31.

Insider Transactions at Ally Financial

In other Ally Financial news, CEO Michael George Rhodes acquired 23,800 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The stock was acquired at an average price of $41.68 per share, for a total transaction of $991,984.00. Following the acquisition, the chief executive officer directly owned 49,434 shares in the company, valued at $2,060,409.12. This represents a 92.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Russell E. Hutchinson bought 11,566 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The shares were acquired at an average price of $43.17 per share, for a total transaction of $499,304.22. Following the completion of the transaction, the chief financial officer owned 225,336 shares in the company, valued at $9,727,755.12. This trade represents a 5.41% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.56% of the company’s stock.

Ally Financial Stock Down 4.7%

Shares of NYSE:ALLY opened at $38.04 on Monday. Ally Financial Inc. has a 52-week low of $29.52 and a 52-week high of $47.27. The company has a market capitalization of $11.76 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 0.19 and a beta of 1.19. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.92 and a current ratio of 0.92. The company has a fifty day moving average of $42.64 and a 200-day moving average of $41.72.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.15 billion. Ally Financial had a return on equity of 10.40% and a net margin of 10.77%.Ally Financial’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $0.78 EPS. On average, equities analysts predict that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, February 2nd. Ally Financial’s dividend payout ratio (DPR) is presently 51.06%.

Ally Financial declared that its board has initiated a stock buyback plan on Wednesday, December 10th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the financial services provider to reacquire up to 15.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Ally Financial Profile

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.