Signaturefd LLC Decreases Stake in Ally Financial Inc. (NYSE:ALLY)

Signaturefd LLC cut its holdings in Ally Financial Inc. (NYSE:ALLY) by 13.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 14,483 shares of the financial services provider’s stock after selling 2,251 shares during the quarter. Signaturefd LLC’s holdings in Ally Financial were worth $522,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Principal Securities Inc. boosted its stake in shares of Ally Financial by 89.4% in the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock valued at $38,000 after buying an additional 496 shares in the last quarter. Kestra Investment Management LLC acquired a new position in Ally Financial during the fourth quarter worth $43,000. UMB Bank n.a. raised its holdings in Ally Financial by 218.8% during the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 1,061 shares during the last quarter. Brooklyn Investment Group acquired a new position in Ally Financial during the third quarter worth $63,000. Finally, Harbour Investments Inc. raised its holdings in Ally Financial by 38.5% during the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 595 shares during the last quarter. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ally Financial

In other Ally Financial news, CFO Russell E. Hutchinson purchased 19,100 shares of Ally Financial stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average price of $39.45 per share, with a total value of $753,495.00. Following the completion of the acquisition, the chief financial officer now owns 202,845 shares of the company’s stock, valued at approximately $8,002,235.25. This trade represents a 10.39 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael George Rhodes purchased 25,634 shares of Ally Financial stock in a transaction that occurred on Monday, January 27th. The stock was acquired at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the acquisition, the chief executive officer now directly owns 25,634 shares of the company’s stock, valued at $1,002,033.06. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ALLY shares. Jefferies Financial Group lifted their price objective on Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their price objective on Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. The Goldman Sachs Group boosted their price target on Ally Financial from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Barclays boosted their price target on Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Finally, StockNews.com cut Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.76.

Ally Financial Price Performance

ALLY stock opened at $36.13 on Friday. The stock has a 50-day moving average price of $36.94 and a two-hundred day moving average price of $36.49. Ally Financial Inc. has a 12-month low of $31.95 and a 12-month high of $45.46. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. The company has a market cap of $11.09 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the prior year, the business earned $0.45 earnings per share. The company’s revenue was up 3.6% compared to the same quarter last year. As a group, research analysts predict that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial’s payout ratio is 46.15%.

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.