Jupiter Asset Management Ltd. Cuts Stake in Ally Financial Inc. (NYSE:ALLY)

Jupiter Asset Management Ltd. reduced its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 81.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 346,298 shares of the financial services provider’s stock after selling 1,545,631 shares during the period. Jupiter Asset Management Ltd.’s holdings in Ally Financial were worth $12,470,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ALLY. Crossmark Global Holdings Inc. increased its stake in Ally Financial by 220.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 56,681 shares of the financial services provider’s stock worth $2,018,000 after buying an additional 39,000 shares during the period. Venturi Wealth Management LLC increased its position in shares of Ally Financial by 153.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 577 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Ally Financial by 9.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 632,171 shares of the financial services provider’s stock valued at $22,499,000 after purchasing an additional 53,727 shares during the last quarter. Rakuten Securities Inc. increased its position in shares of Ally Financial by 65,375.0% in the 3rd quarter. Rakuten Securities Inc. now owns 2,619 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 2,615 shares during the last quarter. Finally, Aigen Investment Management LP increased its position in shares of Ally Financial by 124.8% in the 3rd quarter. Aigen Investment Management LP now owns 32,268 shares of the financial services provider’s stock valued at $1,148,000 after purchasing an additional 17,911 shares during the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Ally Financial Stock Up 1.4 %

ALLY stock opened at $33.93 on Thursday. Ally Financial Inc. has a one year low of $31.95 and a one year high of $45.46. The stock has a market capitalization of $10.42 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. The company has a fifty day moving average of $37.08 and a 200-day moving average of $36.79.

Ally Financial (NYSE:ALLY) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter last year, the business earned $0.45 EPS. The business’s revenue was up 3.6% on a year-over-year basis. As a group, analysts expect that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.54%. The ex-dividend date was Friday, January 31st. Ally Financial’s dividend payout ratio (DPR) is presently 46.15%.

Insider Transactions at Ally Financial

In related news, CFO Russell E. Hutchinson acquired 19,100 shares of Ally Financial stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average price of $39.45 per share, for a total transaction of $753,495.00. Following the completion of the purchase, the chief financial officer now directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael George Rhodes acquired 25,634 shares of Ally Financial stock in a transaction that occurred on Monday, January 27th. The stock was bought at an average price of $39.09 per share, with a total value of $1,002,033.06. Following the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Jefferies Financial Group increased their price objective on shares of Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods increased their price objective on shares of Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Citigroup increased their target price on shares of Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Morgan Stanley increased their target price on shares of Ally Financial from $41.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada increased their target price on shares of Ally Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $43.76.

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.