31,793 Shares in Ally Financial Inc. (NYSE:ALLY) Acquired by Crestline Management LP

Crestline Management LP purchased a new stake in shares of Ally Financial Inc. (NYSE:ALLY) during the fourth quarter, Holdings Channel reports. The fund purchased 31,793 shares of the financial services provider’s stock, valued at approximately $1,145,000.

A number of other large investors have also recently bought and sold shares of ALLY. Vanguard Group Inc. increased its holdings in shares of Ally Financial by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 28,252,149 shares of the financial services provider’s stock valued at $1,017,360,000 after acquiring an additional 111,231 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Ally Financial by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 4,895,467 shares of the financial services provider’s stock worth $175,990,000 after buying an additional 184,278 shares during the last quarter. Northern Trust Corp grew its stake in Ally Financial by 28.0% in the 4th quarter. Northern Trust Corp now owns 3,941,459 shares of the financial services provider’s stock valued at $141,932,000 after buying an additional 863,052 shares during the last quarter. First Trust Advisors LP grew its stake in Ally Financial by 41.4% in the 4th quarter. First Trust Advisors LP now owns 3,458,352 shares of the financial services provider’s stock valued at $124,535,000 after buying an additional 1,011,985 shares during the last quarter. Finally, Phoenix Financial Ltd. raised its holdings in Ally Financial by 86.4% in the 4th quarter. Phoenix Financial Ltd. now owns 3,390,066 shares of the financial services provider’s stock worth $122,077,000 after acquiring an additional 1,571,027 shares during the period. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Price Performance

Shares of ALLY stock opened at $33.51 on Friday. The stock’s fifty day simple moving average is $33.74 and its 200 day simple moving average is $35.92. Ally Financial Inc. has a one year low of $29.52 and a one year high of $45.46. The firm has a market cap of $10.29 billion, a price-to-earnings ratio of 12.89, a P/E/G ratio of 0.32 and a beta of 1.14. 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 (NYSE:ALLY) last issued its earnings results on Thursday, April 17th. The financial services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.43 by $0.15. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the previous year, the company earned $0.45 EPS. On average, analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Thursday, May 1st. Ally Financial’s payout ratio is 88.24%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ALLY. Bank of America decreased their price target on shares of Ally Financial from $42.00 to $38.00 and set a “buy” rating for the company in a report on Monday, April 7th. Wells Fargo & Company dropped their price target on Ally Financial from $34.00 to $32.00 and set an “underweight” rating on the stock in a research report on Monday, April 21st. The Goldman Sachs Group increased their price objective on Ally Financial from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, April 1st. Compass Point raised shares of Ally Financial from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $37.00 to $41.00 in a research report on Monday, April 7th. Finally, Jefferies Financial Group increased their price target on shares of Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Ally Financial currently has a consensus rating of “Hold” and a consensus target price of $41.69.

Insider Activity

In other Ally Financial news, CFO Russell E. Hutchinson bought 8,200 shares of the firm’s stock in a transaction dated Tuesday, April 22nd. The shares were bought at an average price of $30.81 per share, for a total transaction of $252,642.00. Following the completion of the acquisition, the chief financial officer now owns 236,421 shares of the company’s stock, valued at approximately $7,284,131.01. This trade represents a 3.59 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Stephanie N. Richard sold 8,000 shares of Ally Financial stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total value of $257,120.00. Following the completion of the transaction, the insider now directly owns 90,387 shares of the company’s stock, valued at $2,905,038.18. This represents a 8.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by corporate insiders.

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.