Handelsbanken Fonder AB Sells 122,076 Shares of Ally Financial Inc. (NYSE:ALLY)

Handelsbanken Fonder AB cut its holdings in Ally Financial Inc. (NYSE:ALLY) by 62.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 74,700 shares of the financial services provider’s stock after selling 122,076 shares during the quarter. Handelsbanken Fonder AB’s holdings in Ally Financial were worth $2,609,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Ancient Art L.P. acquired a new position in shares of Ally Financial in the third quarter valued at approximately $41,429,000. Bank of New York Mellon Corp boosted its stake in Ally Financial by 47.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,620,655 shares of the financial services provider’s stock worth $96,599,000 after purchasing an additional 1,165,220 shares during the period. FMR LLC increased its holdings in Ally Financial by 47.1% during the 3rd quarter. FMR LLC now owns 3,316,501 shares of the financial services provider’s stock worth $88,484,000 after purchasing an additional 1,061,651 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Ally Financial by 4,867.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,001,294 shares of the financial services provider’s stock valued at $26,715,000 after purchasing an additional 981,138 shares during the period. Finally, ANTIPODES PARTNERS Ltd bought a new stake in shares of Ally Financial in the fourth quarter valued at about $27,975,000. 88.76% of the stock is owned by institutional investors.

Ally Financial Trading Up 0.4 %

Shares of NYSE:ALLY opened at $39.30 on Friday. Ally Financial Inc. has a 52-week low of $22.54 and a 52-week high of $41.56. The company has a market capitalization of $11.95 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 0.58 and a beta of 1.40. The company has a 50-day simple moving average of $38.04 and a 200 day simple moving average of $33.42. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.92 and a current ratio of 0.92.

Ally Financial (NYSE:ALLY) last issued its earnings results on Thursday, April 18th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.12. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the business posted $0.82 EPS. Ally Financial’s revenue was down 5.4% on a year-over-year basis. Sell-side analysts forecast that Ally Financial Inc. will post 2.95 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.30 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $1.20 annualized dividend and a yield of 3.05%. Ally Financial’s dividend payout ratio (DPR) is currently 48.98%.

Analyst Upgrades and Downgrades

ALLY has been the subject of a number of research reports. BMO Capital Markets increased their price objective on Ally Financial from $36.00 to $37.00 and gave the stock a “market perform” rating in a report on Friday, April 19th. Evercore ISI raised their price target on shares of Ally Financial from $41.00 to $43.00 and gave the stock an “in-line” rating in a research note on Thursday, March 28th. StockNews.com raised shares of Ally Financial from a “sell” rating to a “hold” rating in a research report on Friday. Wells Fargo & Company raised their target price on shares of Ally Financial from $29.00 to $33.00 and gave the company an “underweight” rating in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. lowered shares of Ally Financial from a “neutral” rating to an “underweight” rating and lifted their price target for the company from $37.00 to $39.00 in a research note on Wednesday, April 3rd. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $38.47.

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.