Royal London Asset Management Ltd. Purchases 3,773 Shares of Ally Financial Inc. (NYSE:ALLY)

Royal London Asset Management Ltd. grew its position in shares of Ally Financial Inc. (NYSE:ALLY) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,331 shares of the financial services provider’s stock after acquiring an additional 3,773 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Ally Financial were worth $4,441,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of ALLY. Assenagon Asset Management S.A. increased its stake in Ally Financial by 233.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider’s stock valued at $87,509,000 after purchasing an additional 1,701,264 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Ally Financial by 217.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider’s stock worth $81,260,000 after acquiring an additional 1,563,008 shares in the last quarter. ANTIPODES PARTNERS Ltd increased its position in shares of Ally Financial by 75.6% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 2,956,037 shares of the financial services provider’s stock worth $106,455,000 after acquiring an additional 1,272,853 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Ally Financial in the 3rd quarter worth about $21,571,000. Finally, 140 Summer Partners LP bought a new position in Ally Financial in the 3rd quarter valued at about $19,140,000. 88.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Ally Financial Price Performance

NYSE ALLY opened at $36.50 on Monday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The company has a market cap of $11.21 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. Ally Financial Inc. has a 52 week low of $31.95 and a 52 week high of $45.46. The firm’s 50-day simple moving average is $36.99 and its two-hundred day simple moving average is $36.37.

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

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.29%. Ally Financial’s dividend payout ratio (DPR) is 46.15%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Royal Bank of Canada increased their price objective on Ally Financial from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods increased their price target on Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Wolfe Research downgraded shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 5th. Jefferies Financial Group increased their target price on shares of Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, StockNews.com cut shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Ally Financial has an average rating of “Hold” and a consensus target price of $43.76.

About Ally Financial

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.