Ally Financial Inc. (NYSE:ALLY) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in Ally Financial Inc. (NYSE:ALLY) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 146,242 shares of the financial services provider’s stock after selling 4,635 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ally Financial were worth $5,266,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ALLY. Assenagon Asset Management S.A. increased its stake in Ally Financial by 233.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider’s stock worth $87,509,000 after acquiring an additional 1,701,264 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in Ally Financial by 217.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider’s stock worth $81,260,000 after purchasing an additional 1,563,008 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Ally Financial in the third quarter valued at approximately $21,571,000. 140 Summer Partners LP acquired a new position in Ally Financial during the third quarter valued at approximately $19,140,000. Finally, Amundi grew its stake in Ally Financial by 81.0% during the fourth quarter. Amundi now owns 1,156,003 shares of the financial services provider’s stock worth $41,165,000 after buying an additional 517,388 shares during the period. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Ally Financial Trading Up 3.5 %

Shares of NYSE ALLY opened at $34.15 on Friday. The stock has a market capitalization of $10.49 billion, a P/E ratio of 13.14, a PEG ratio of 0.32 and a beta of 1.40. The stock’s 50 day moving average price is $36.99 and its two-hundred day moving average price is $36.70. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. Ally Financial Inc. has a 52-week low of $31.95 and a 52-week high of $45.46.

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

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.30 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.51%. Ally Financial’s payout ratio is currently 46.15%.

Analysts Set New Price Targets

Several research firms recently weighed in on ALLY. Keefe, Bruyette & Woods lifted their target price on shares of Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Royal Bank of Canada boosted 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. Wells Fargo & Company increased their target price on Ally Financial from $32.00 to $34.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. 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 research report on Thursday, January 23rd. Finally, StockNews.com downgraded shares of Ally Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $43.76.

Insider Activity

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