Ally Financial Inc. (NYSE:ALLY) Shares Sold by Cidel Asset Management Inc.

Cidel Asset Management Inc. reduced its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 6.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,668 shares of the financial services provider’s stock after selling 415 shares during the period. Cidel Asset Management Inc.’s holdings in Ally Financial were worth $204,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its stake in shares of Ally Financial by 153.9% in the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 577 shares in the last quarter. Allworth Financial LP increased its holdings 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 worth $51,000 after purchasing an additional 421 shares during the period. UMB Bank n.a. raised its position in Ally Financial by 218.8% in the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,061 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Ally Financial in the 3rd quarter valued at about $63,000. Finally, Rakuten Securities Inc. grew its position in shares of Ally Financial by 65,375.0% during the third quarter. Rakuten Securities Inc. now owns 2,619 shares of the financial services provider’s stock worth $93,000 after buying an additional 2,615 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Insider Buying and Selling at Ally Financial

In other news, CEO Michael George Rhodes purchased 25,634 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was purchased at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the acquisition, the chief executive officer now directly owns 25,634 shares of the company’s stock, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Russell E. Hutchinson acquired 19,100 shares of the stock in a transaction on Friday, January 24th. The stock was acquired at an average cost of $39.45 per share, for a total transaction of $753,495.00. Following the acquisition, the chief financial officer now directly owns 202,845 shares in the company, valued at $8,002,235.25. This 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 Up 0.1 %

ALLY stock opened at $38.29 on Monday. The company has a market cap of $11.67 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 0.43 and a beta of 1.45. The company has a fifty day moving average price of $37.22 and a 200 day moving average price of $37.64. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. Ally Financial Inc. has a 12 month low of $31.95 and a 12 month high of $45.46.

Ally Financial (NYSE:ALLY) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the prior year, the company earned $0.45 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. Sell-side analysts expect that Ally Financial Inc. will post 3.69 earnings per share for the current year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.13%. Ally Financial’s payout ratio is 46.15%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Citigroup lifted their price target on shares of Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Keefe, Bruyette & Woods lifted their price objective on shares of Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. increased their target price on Ally Financial from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Morgan Stanley raised their price target on Ally Financial from $41.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, StockNews.com cut Ally Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Ally Financial presently has a consensus rating of “Hold” and an average 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.