Dynamic Technology Lab Private Ltd Acquires 11,285 Shares of Ally Financial Inc. $ALLY

Dynamic Technology Lab Private Ltd boosted its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 37.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,753 shares of the financial services provider’s stock after purchasing an additional 11,285 shares during the quarter. Ally Financial comprises 0.4% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 26th biggest holding. Dynamic Technology Lab Private Ltd’s holdings in Ally Financial were worth $1,891,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ALLY. Norges Bank bought a new stake in Ally Financial during the 4th quarter valued at approximately $157,610,000. Wellington Management Group LLP raised its stake in Ally Financial by 19.6% during 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 raised its stake in Ally Financial by 8,255.7% during 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 bought a new stake in Ally Financial during the 3rd quarter valued at approximately $45,733,000. Finally, Bank of America Corp DE raised its stake in Ally Financial by 38.9% during 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. Institutional investors own 88.76% of the company’s stock.

Analyst Upgrades and Downgrades

ALLY has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on Ally Financial from $53.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Bank of America lifted their target price on Ally Financial from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, April 10th. Wall Street Zen downgraded Ally Financial from a “buy” rating to a “hold” rating in a research note on Monday, June 8th. Barclays lifted their target price on Ally Financial from $54.00 to $56.00 and gave the company an “equal weight” rating in a research note on Monday, April 20th. Finally, JPMorgan Chase & Co. reduced their price objective on Ally Financial from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Fourteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $54.14.

Ally Financial Stock Performance

NYSE:ALLY opened at $44.41 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.93. Ally Financial Inc. has a 1 year low of $35.90 and a 1 year high of $47.27. The stock’s 50 day simple moving average is $42.81 and its two-hundred day simple moving average is $42.29. The company has a market cap of $13.61 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 0.26 and a beta of 1.10.

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

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders 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 dividend on an annualized basis and a yield of 2.7%. Ally Financial’s payout ratio is presently 29.27%.

Insider Buying and Selling

In other 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 completion of the transaction, the insider owned 93,927 shares in the company, valued at approximately $3,958,083.78. The trade was a 5.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 owned 477,627 shares of the company’s stock, valued at approximately $21,574,411.59. This trade represents a 7.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.46% of the company’s stock.

Ally Financial Company 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.