O Shaughnessy Asset Management LLC Sells 5,355 Shares of Ally Financial Inc. (NYSE:ALLY)

O Shaughnessy Asset Management LLC lessened its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 21.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,264 shares of the financial services provider’s stock after selling 5,355 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Ally Financial were worth $694,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Principal Securities Inc. increased its position in shares of Ally Financial by 89.4% in the fourth 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 period. Kestra Investment Management LLC bought a new position in Ally Financial in the 4th quarter valued at about $43,000. UMB Bank n.a. raised its position in shares of 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 buying an additional 1,061 shares in the last quarter. Harbour Investments Inc. lifted its holdings in shares of Ally Financial by 38.5% during the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 595 shares during the period. Finally, Van ECK Associates Corp acquired a new stake in shares of Ally Financial during the 4th quarter worth approximately $85,000. 88.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ally Financial

In other Ally Financial news, CEO Michael George Rhodes acquired 25,634 shares of the company’s stock in a transaction on Monday, January 27th. The shares were purchased at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the purchase, the chief executive officer now 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Russell E. Hutchinson acquired 19,100 shares of Ally Financial stock in a transaction dated Friday, January 24th. The shares were acquired at an average price of $39.45 per share, with a total value of $753,495.00. Following the completion of the acquisition, the chief financial officer now directly owns 202,845 shares of the company’s stock, valued at approximately $8,002,235.25. The trade was a 10.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ALLY shares. Royal Bank of Canada upped their target price on Ally Financial from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. StockNews.com downgraded Ally Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Jefferies Financial Group boosted their target price on Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price target on shares of Ally Financial from $43.00 to $36.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Morgan Stanley increased their price objective on shares of Ally Financial from $41.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Ally Financial has a consensus rating of “Hold” and a consensus target price of $42.41.

Ally Financial Stock Down 2.5 %

Shares of NYSE:ALLY opened at $30.55 on Wednesday. Ally Financial Inc. has a 1 year low of $30.06 and a 1 year high of $45.46. 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 business’s 50-day moving average is $36.23 and its 200-day moving average is $36.34. The company has a market capitalization of $9.38 billion, a price-to-earnings ratio of 11.75, a P/E/G ratio of 0.32 and a beta of 1.12.

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

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a dividend of $0.30 per share. The ex-dividend date was Friday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.93%. Ally Financial’s dividend payout ratio is currently 46.15%.

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.