Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 15,900 Shares of Ally Financial Inc. (NYSE:ALLY)

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in shares of Ally Financial Inc. (NYSE:ALLY) by 15.4% in the fourth quarter, Holdings Channel reports. The firm owned 87,483 shares of the financial services provider’s stock after selling 15,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Ally Financial were worth $3,150,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. International Assets Investment Management LLC increased its position in shares of 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 valued at $18,040,000 after acquiring an additional 44,749 shares in the last quarter. Allworth Financial LP boosted its stake in Ally Financial by 41.9% during the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 421 shares during the last quarter. Forsta AP Fonden increased its holdings in shares of Ally Financial by 14.0% in the 3rd quarter. Forsta AP Fonden now owns 49,600 shares of the financial services provider’s stock worth $1,765,000 after purchasing an additional 6,100 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Ally Financial by 58.7% in 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 purchasing an additional 18,671 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Ally Financial by 8.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 68,032 shares of the financial services provider’s stock valued at $2,365,000 after purchasing an additional 5,197 shares in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Ally Financial from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. StockNews.com lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Citigroup increased their price objective on shares of Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, November 15th. The Goldman Sachs Group lifted their target price on shares of Ally Financial from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada increased their price target on Ally Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $43.76.

Ally Financial Trading Down 0.9 %

Shares of NYSE:ALLY opened at $36.59 on Wednesday. The stock has a 50 day moving average of $37.15 and a 200 day moving average of $37.26. The company has a market cap of $11.24 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 0.32 and a beta of 1.45. 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.

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

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.30 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.28%. Ally Financial’s payout ratio is presently 46.15%.

Insider Buying and Selling at Ally Financial

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

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.