Intech Investment Management LLC Purchases 21,424 Shares of Ally Financial Inc. (NYSE:ALLY)

Intech Investment Management LLC increased its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 133.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 37,425 shares of the financial services provider’s stock after purchasing an additional 21,424 shares during the quarter. Intech Investment Management LLC’s holdings in Ally Financial were worth $1,348,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Oak Thistle LLC bought a new position in shares of Ally Financial during the 4th quarter valued at approximately $1,112,000. Point72 Asset Management L.P. bought a new position in shares of Ally Financial during the 3rd quarter valued at approximately $21,571,000. State Street Corp increased its position in shares of Ally Financial by 0.5% during the 3rd quarter. State Street Corp now owns 10,704,719 shares of the financial services provider’s stock valued at $380,981,000 after purchasing an additional 51,426 shares during the last quarter. 140 Summer Partners LP bought a new position in shares of Ally Financial during the 3rd quarter valued at approximately $19,140,000. Finally, Quantbot Technologies LP bought a new position in shares of Ally Financial during the 3rd quarter valued at approximately $4,130,000. Institutional investors own 88.76% of the company’s stock.

Ally Financial Trading Up 1.1 %

Shares of NYSE ALLY opened at $36.50 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $11.21 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. Ally Financial Inc. has a 1-year low of $31.95 and a 1-year high of $45.46. The business has a fifty day moving average price of $36.99 and a 200 day moving average price of $36.44.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same period last year, the business posted $0.45 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. Equities research analysts expect that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date was Friday, January 31st. Ally Financial’s dividend payout ratio (DPR) is presently 46.15%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Morgan Stanley upped their price objective on Ally Financial from $41.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group upped their price objective on Ally Financial from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Wolfe Research downgraded Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. Barclays upped their price objective on Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods upped their price objective on Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $43.76.

Insider Buying and Selling at Ally Financial

In other news, CFO Russell E. Hutchinson acquired 19,100 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were acquired at an average cost of $39.45 per share, with a total value of $753,495.00. Following the completion of the acquisition, the chief financial officer now owns 202,845 shares of the company’s stock, valued at approximately $8,002,235.25. This trade represents a 10.39 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael George Rhodes acquired 25,634 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was purchased at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the acquisition, the chief executive officer now directly owns 25,634 shares of the company’s stock, valued at approximately $1,002,033.06. This trade represents a ? increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by company insiders.

About Ally Financial

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.