1,166,658 Shares in Ally Financial Inc. $ALLY Purchased by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab acquired a new position in shares of Ally Financial Inc. (NYSE:ALLY) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,166,658 shares of the financial services provider’s stock, valued at approximately $45,733,000. Danica Pension Livsforsikringsaktieselskab owned 0.38% of Ally Financial at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Sweeney & Michel LLC lifted its position in shares of Ally Financial by 4.0% in the third quarter. Sweeney & Michel LLC now owns 6,663 shares of the financial services provider’s stock worth $246,000 after purchasing an additional 256 shares in the last quarter. MAI Capital Management grew its position in Ally Financial by 45.1% during the second quarter. MAI Capital Management now owns 975 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 303 shares in the last quarter. Bessemer Group Inc. increased its stake in Ally Financial by 33.5% in the 3rd quarter. Bessemer Group Inc. now owns 1,234 shares of the financial services provider’s stock valued at $49,000 after buying an additional 310 shares during the period. LRI Investments LLC increased its stake in Ally Financial by 10.6% in the 3rd quarter. LRI Investments LLC now owns 3,352 shares of the financial services provider’s stock valued at $131,000 after buying an additional 320 shares during the period. Finally, CI Investments Inc. lifted its position in Ally Financial by 20.3% in the 3rd quarter. CI Investments Inc. now owns 1,989 shares of the financial services provider’s stock worth $78,000 after buying an additional 335 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Analysts Set New Price Targets

ALLY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Ally Financial from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. UBS Group set a $48.00 price target on shares of Ally Financial in a research note on Monday, January 12th. Evercore cut their price objective on Ally Financial from $53.00 to $51.00 and set an “outperform” rating for the company in a report on Thursday, February 5th. The Goldman Sachs Group reissued a “neutral” rating and set a $55.00 price objective on shares of Ally Financial in a research report on Tuesday, January 6th. Finally, Weiss Ratings downgraded Ally Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 26th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $50.31.

Insider Activity

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

Ally Financial Stock Performance

ALLY stock opened at $37.36 on Wednesday. The firm has a 50 day moving average of $41.40 and a two-hundred day moving average of $41.55. Ally Financial Inc. has a 12 month low of $29.52 and a 12 month high of $47.27. The company has a market capitalization of $11.55 billion, a price-to-earnings ratio of 15.90, a P/E/G ratio of 0.18 and a beta of 1.19. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.30.

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

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.2%. Ally Financial’s payout ratio is currently 51.06%.

Ally Financial declared that its board has initiated a share repurchase plan on Wednesday, December 10th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to repurchase up to 15.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

About Ally Financial

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.