Los Angeles Capital Management LLC Has $18.37 Million Position in Ally Financial Inc. (NYSE:ALLY)

Los Angeles Capital Management LLC lowered its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 2.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 510,255 shares of the financial services provider’s stock after selling 10,702 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Ally Financial were worth $18,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of ALLY. International Assets Investment Management LLC boosted its stake in Ally Financial by 752.7% during the third quarter. International Assets Investment Management LLC now owns 50,694 shares of the financial services provider’s stock worth $18,040,000 after buying an additional 44,749 shares in the last quarter. Allworth Financial LP boosted its stake in Ally Financial by 41.9% during the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock worth $51,000 after buying an additional 421 shares in the last quarter. Forsta AP Fonden boosted its stake in Ally Financial by 14.0% during the third quarter. Forsta AP Fonden now owns 49,600 shares of the financial services provider’s stock worth $1,765,000 after buying an additional 6,100 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Ally Financial by 58.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,466 shares of the financial services provider’s stock worth $1,796,000 after buying an additional 18,671 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in Ally Financial by 8.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 68,032 shares of the financial services provider’s stock worth $2,365,000 after buying an additional 5,197 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ALLY shares. Wells Fargo & Company lifted their price target on shares of Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group boosted their target price on shares of Ally Financial from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods boosted their target price on shares of Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Barclays boosted their target price on shares of Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Finally, Jefferies Financial Group boosted their target price on shares of Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Ally Financial currently has an average rating of “Hold” and a consensus price target of $43.76.

Insiders Place Their Bets

In related news, CEO Michael George Rhodes bought 25,634 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was bought at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the transaction, the chief executive officer now owns 25,634 shares of the company’s stock, valued at $1,002,033.06. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Russell E. Hutchinson bought 19,100 shares of the firm’s stock in a transaction dated Friday, January 24th. The shares were bought at an average price of $39.45 per share, with a total value of $753,495.00. Following the completion of the transaction, 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 position. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

Ally Financial Stock Performance

Shares of NYSE:ALLY opened at $36.59 on Wednesday. The stock has a market capitalization of $11.24 billion, a P/E ratio of 14.07, a P/E/G ratio of 0.32 and a beta of 1.45. Ally Financial Inc. has a 1-year low of $31.95 and a 1-year 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 business has a 50-day moving average price of $37.15 and a two-hundred day moving average price of $37.26.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data 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. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 EPS. Equities analysts predict that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 annualized dividend and a yield of 3.28%. Ally Financial’s dividend payout ratio is currently 46.15%.

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.