Ally Financial Inc. (NYSE:ALLY) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lowered its position in shares of Ally Financial Inc. (NYSE:ALLY) by 11.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 478,706 shares of the financial services provider’s stock after selling 62,513 shares during the period. California Public Employees Retirement System’s holdings in Ally Financial were worth $17,238,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Principal Securities Inc. grew its position in Ally Financial by 89.4% in the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 496 shares during the last quarter. Kestra Investment Management LLC bought a new position in Ally Financial in the 4th quarter worth approximately $43,000. UMB Bank n.a. increased 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 acquiring an additional 1,061 shares during the period. Harbour Investments Inc. raised its stake in Ally Financial by 38.5% during the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 595 shares in the last quarter. Finally, Van ECK Associates Corp acquired a new position in Ally Financial during the 4th quarter worth $85,000. Institutional investors own 88.76% of the company’s stock.

Insider Buying and Selling at Ally Financial

In other Ally Financial news, CFO Russell E. Hutchinson bought 19,100 shares of the firm’s stock in a transaction dated Friday, January 24th. The shares were acquired at an average cost of $39.45 per share, for a total transaction of $753,495.00. Following the transaction, the chief financial officer now owns 202,845 shares in the company, valued at approximately $8,002,235.25. The trade was a 10.39 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Michael George Rhodes purchased 25,634 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was acquired at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the transaction, the chief executive officer now directly owns 25,634 shares of the company’s stock, valued at approximately $1,002,033.06. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Ally Financial Trading Down 2.6 %

Shares of ALLY stock opened at $32.16 on Friday. The business’s 50 day moving average is $36.72 and its two-hundred day moving average is $36.40. Ally Financial Inc. has a 12 month low of $30.06 and a 12 month high of $45.46. The company has a market cap of $9.88 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 0.32 and a beta of 1.12. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share 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 firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the prior year, the firm earned $0.45 EPS. The business’s revenue was up 3.6% on a year-over-year basis. Equities analysts predict that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 annualized dividend and a yield of 3.73%. Ally Financial’s dividend payout ratio is 46.15%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ALLY. Royal Bank of Canada raised their price target on Ally Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Morgan Stanley upped their price target on shares of Ally Financial from $41.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. BTIG Research lowered shares of Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 price objective on the stock. in a research note on Tuesday, March 25th. StockNews.com downgraded Ally Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods lifted their price target on Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $42.53.

Ally Financial 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.