Retirement Systems of Alabama Has $11.87 Million Position in Ally Financial Inc. (NYSE:ALLY)

Retirement Systems of Alabama raised its stake in Ally Financial Inc. (NYSE:ALLY) by 0.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 339,997 shares of the financial services provider’s stock after buying an additional 1,054 shares during the quarter. Retirement Systems of Alabama’s holdings in Ally Financial were worth $11,873,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Trust Co. of Toledo NA OH increased its stake in Ally Financial by 1.8% in the fourth quarter. Trust Co. of Toledo NA OH now owns 17,335 shares of the financial services provider’s stock valued at $605,000 after acquiring an additional 308 shares during the last quarter. Spire Wealth Management raised its holdings in shares of Ally Financial by 11.4% during the 3rd quarter. Spire Wealth Management now owns 4,146 shares of the financial services provider’s stock worth $111,000 after buying an additional 425 shares in the last quarter. Xponance Inc. lifted its position in shares of Ally Financial by 1.4% during the 4th quarter. Xponance Inc. now owns 33,366 shares of the financial services provider’s stock worth $1,165,000 after buying an additional 472 shares during the last quarter. Quantbot Technologies LP boosted its stake in Ally Financial by 0.5% in the third quarter. Quantbot Technologies LP now owns 108,306 shares of the financial services provider’s stock valued at $2,890,000 after buying an additional 518 shares in the last quarter. Finally, Cerity Partners LLC grew its position in Ally Financial by 5.8% in the fourth quarter. Cerity Partners LLC now owns 10,035 shares of the financial services provider’s stock valued at $350,000 after acquiring an additional 553 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Stock Up 0.5 %

Shares of NYSE ALLY opened at $38.56 on Thursday. The company’s 50 day moving average price is $38.18 and its 200-day moving average price is $33.76. 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 Inc. has a 52-week low of $22.54 and a 52-week high of $41.56. The company has a market capitalization of $11.72 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 0.56 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last released 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 for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the business earned $0.82 earnings per share. Ally Financial’s revenue for the quarter was down 5.4% on a year-over-year basis. Equities analysts forecast that Ally Financial Inc. will post 2.99 earnings per share for the current year.

Ally Financial Announces Dividend

The firm 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 dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.20 annualized dividend and a yield of 3.11%. Ally Financial’s dividend payout ratio is currently 48.98%.

Analysts Set New Price Targets

ALLY has been the topic of a number of research analyst reports. BMO Capital Markets raised their price target on shares of Ally Financial from $36.00 to $37.00 and gave the company a “market perform” rating in a research note on Friday, April 19th. Evercore ISI boosted their target price 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. Compass Point increased their price target on Ally Financial from $28.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Wells Fargo & Company raised their price objective on Ally Financial from $29.00 to $33.00 and gave the company an “underweight” rating in a report on Wednesday, April 10th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Ally Financial in a report on Thursday, February 1st. Four analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $38.47.

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.