Ally Financial Inc. (NYSE:ALLY) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. trimmed its position in Ally Financial Inc. (NYSE:ALLY) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,180 shares of the financial services provider’s stock after selling 4,800 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Ally Financial were worth $4,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Ally Financial by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 28,009,495 shares of the financial services provider’s stock valued at $747,293,000 after acquiring an additional 290,842 shares during the last quarter. Sessa Capital IM L.P. raised its position in Ally Financial by 426.5% during the first quarter. Sessa Capital IM L.P. now owns 9,493,106 shares of the financial services provider’s stock valued at $241,979,000 after acquiring an additional 7,689,915 shares in the last quarter. State Street Corp lifted its holdings in Ally Financial by 3.3% in the first quarter. State Street Corp now owns 8,749,404 shares of the financial services provider’s stock valued at $380,424,000 after acquiring an additional 281,795 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Ally Financial by 18.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 8,343,564 shares of the financial services provider’s stock valued at $212,677,000 after acquiring an additional 1,281,000 shares during the period. Finally, Millennium Management LLC boosted its position in Ally Financial by 195.1% in the 4th quarter. Millennium Management LLC now owns 6,058,768 shares of the financial services provider’s stock worth $148,137,000 after purchasing an additional 4,005,417 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Down 1.7 %

Shares of NYSE:ALLY opened at $35.95 on Wednesday. Ally Financial Inc. has a 52-week low of $22.54 and a 52-week high of $41.56. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.54. The business has a fifty day moving average of $37.58 and a two-hundred day moving average of $32.76. The stock has a market cap of $10.93 billion, a P/E ratio of 12.02, a PEG ratio of 0.54 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. Ally Financial had a net margin of 12.42% and a return on equity of 9.41%. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period last year, the business earned $1.08 earnings per share. On average, research analysts expect that Ally Financial Inc. will post 2.94 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on ALLY. Bank of America upgraded shares of Ally Financial from a “neutral” rating to a “buy” rating and boosted their target price for the company from $42.00 to $46.00 in a research note on Tuesday, April 9th. JPMorgan Chase & Co. lowered Ally Financial from a “neutral” rating to an “underweight” rating and raised their price objective for the company from $37.00 to $39.00 in a report on Wednesday, April 3rd. Morgan Stanley raised Ally Financial from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $37.00 to $47.00 in a research note on Thursday, February 8th. Wells Fargo & Company lifted their price target on shares of Ally Financial from $29.00 to $33.00 and gave the company an “underweight” rating in a research note on Wednesday, April 10th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Ally Financial in a research report on Thursday, February 1st. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $37.59.

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.