Ally Financial Inc. $ALLY Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its position in shares of Ally Financial Inc. (NYSE:ALLY) by 27.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 499,270 shares of the financial services provider’s stock after selling 191,867 shares during the period. Los Angeles Capital Management LLC’s holdings in Ally Financial were worth $22,612,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Ally Financial in the 4th quarter valued at $157,610,000. Wellington Management Group LLP boosted its position in shares of Ally Financial by 19.6% in the 3rd quarter. Wellington Management Group LLP now owns 11,938,680 shares of the financial services provider’s stock valued at $467,996,000 after purchasing an additional 1,958,201 shares during the period. Qube Research & Technologies Ltd boosted its position in shares of Ally Financial by 8,255.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,230,384 shares of the financial services provider’s stock valued at $48,231,000 after purchasing an additional 1,215,659 shares during the period. Danica Pension Livsforsikringsaktieselskab acquired a new position in shares of Ally Financial in the 3rd quarter valued at $45,733,000. Finally, Bank of America Corp DE boosted its position in shares of Ally Financial by 38.9% in the 2nd quarter. Bank of America Corp DE now owns 3,771,190 shares of the financial services provider’s stock valued at $146,888,000 after purchasing an additional 1,056,060 shares during the period. 88.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ally Financial

In other Ally Financial news, insider Stephanie N. Richard sold 5,000 shares of Ally Financial stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $42.14, for a total value of $210,700.00. Following the transaction, the insider directly owned 93,927 shares of the company’s stock, valued at $3,958,083.78. The trade was a 5.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Douglas R. Timmerman sold 39,675 shares of Ally Financial stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $45.17, for a total value of $1,792,119.75. Following the completion of the transaction, the insider directly owned 477,627 shares in the company, valued at approximately $21,574,411.59. This represents a 7.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ALLY shares. Weiss Ratings lowered Ally Financial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. Evercore restated an “outperform” rating and set a $54.00 price objective on shares of Ally Financial in a research report on Tuesday, April 21st. JPMorgan Chase & Co. decreased their price objective on Ally Financial from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Wall Street Zen lowered Ally Financial from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Bank of America raised their price objective on Ally Financial from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Ally Financial has an average rating of “Moderate Buy” and a consensus price target of $54.14.

Ally Financial Stock Down 0.1%

Shares of ALLY stock opened at $42.71 on Monday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.93 and a current ratio of 0.93. The stock’s 50 day simple moving average is $42.37 and its 200 day simple moving average is $42.14. The company has a market capitalization of $13.09 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 0.26 and a beta of 1.10. Ally Financial Inc. has a twelve month low of $35.71 and a twelve month high of $47.27.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Friday, April 17th. The financial services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $0.93 by $0.18. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.14 billion. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The company’s revenue for the quarter was up 36.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.58 EPS. As a group, research analysts predict that Ally Financial Inc. will post 5.28 EPS for the current year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, May 1st. Ally Financial’s payout ratio is currently 29.27%.

About Ally Financial

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.