Private Management Group Inc. Has $19.20 Million Stock Position in Ally Financial Inc. $ALLY

Private Management Group Inc. lowered its stake in Ally Financial Inc. (NYSE:ALLY) by 41.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 423,901 shares of the financial services provider’s stock after selling 304,025 shares during the period. Private Management Group Inc.’s holdings in Ally Financial were worth $19,198,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. NewSquare Capital LLC grew its position in shares of Ally Financial by 21,520.9% during the 3rd quarter. NewSquare Capital LLC now owns 27,891 shares of the financial services provider’s stock worth $1,093,000 after purchasing an additional 27,762 shares in the last quarter. Prana Capital Management LP grew its position in shares of Ally Financial by 177.3% during the 3rd quarter. Prana Capital Management LP now owns 178,762 shares of the financial services provider’s stock worth $7,007,000 after purchasing an additional 114,305 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Ally Financial during the 3rd quarter worth approximately $1,194,000. Danica Pension Livsforsikringsaktieselskab acquired a new position in shares of Ally Financial during the 3rd quarter worth approximately $45,733,000. Finally, American Century Companies Inc. grew its position in shares of Ally Financial by 30.9% during the 3rd quarter. American Century Companies Inc. now owns 2,251,925 shares of the financial services provider’s stock worth $88,276,000 after purchasing an additional 531,269 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on ALLY shares. Weiss Ratings lowered shares of Ally Financial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. Morgan Stanley increased their price target on shares of Ally Financial from $53.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, April 20th. JPMorgan Chase & Co. reduced their price target on shares of Ally Financial from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Evercore reiterated an “outperform” rating and set a $54.00 price target on shares of Ally Financial in a research report on Tuesday, April 21st. Finally, The Goldman Sachs Group increased their price target on shares of Ally Financial from $50.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Fourteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $54.14.

Insider Activity at Ally Financial

In related news, insider Stephanie N. Richard sold 5,000 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $42.14, for a total value of $210,700.00. Following the completion of the transaction, the insider owned 93,927 shares of the company’s stock, valued at $3,958,083.78. This represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Douglas R. Timmerman sold 39,675 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $45.17, for a total transaction of $1,792,119.75. Following the completion of the transaction, the insider directly owned 477,627 shares of the company’s stock, valued at approximately $21,574,411.59. The trade was a 7.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.46% of the stock is owned by corporate insiders.

Ally Financial Price Performance

Shares of NYSE:ALLY opened at $43.52 on Friday. The company has a market cap of $13.34 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 0.25 and a beta of 1.10. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a 50 day simple moving average of $42.72 and a 200 day simple moving average of $42.28. Ally Financial Inc. has a one year low of $35.90 and a one year high of $47.27.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Friday, April 17th. The financial services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $0.93 by $0.18. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.14 billion. Ally Financial had a net margin of 16.47% and a return on equity of 11.41%. The firm’s revenue was up 36.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.58 EPS. Research analysts predict that Ally Financial Inc. will post 5.28 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

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

Ally Financial Profile

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.