BTC Capital Management Inc. Sells 1,479 Shares of Ally Financial Inc. (NYSE:ALLY)

BTC Capital Management Inc. lessened its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 11.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,204 shares of the financial services provider’s stock after selling 1,479 shares during the period. BTC Capital Management Inc.’s holdings in Ally Financial were worth $403,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. CIBC Asset Management Inc boosted its stake in Ally Financial by 1.9% during the third quarter. CIBC Asset Management Inc now owns 15,638 shares of the financial services provider’s stock worth $557,000 after acquiring an additional 293 shares in the last quarter. Maverick Capital Ltd. grew its stake in shares of Ally Financial by 1.2% in the 3rd quarter. Maverick Capital Ltd. now owns 26,120 shares of the financial services provider’s stock worth $930,000 after buying an additional 299 shares during the last quarter. Blue Trust Inc. increased its position in Ally Financial by 8.2% during the 3rd quarter. Blue Trust Inc. now owns 4,660 shares of the financial services provider’s stock valued at $166,000 after buying an additional 352 shares in the last quarter. Allworth Financial LP raised its stake in Ally Financial by 41.9% during the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after buying an additional 421 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Ally Financial by 153.9% in the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 577 shares in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Michael George Rhodes bought 25,634 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was purchased at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the acquisition, the chief executive officer now owns 25,634 shares in the company, valued at $1,002,033.06. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were bought at an average price of $39.45 per share, for a total transaction of $753,495.00. Following the acquisition, the chief financial officer now directly owns 202,845 shares in the company, valued at $8,002,235.25. This trade represents a 10.39 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ALLY. Wells Fargo & Company lifted their price target on Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. Raymond James upgraded shares of Ally Financial from an “underperform” rating to a “market perform” rating in a research note on Monday, October 21st. Royal Bank of Canada upped their price objective on Ally Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their price objective on Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, StockNews.com lowered Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $43.76.

Ally Financial Price Performance

ALLY stock opened at $39.01 on Friday. The company has a market capitalization of $11.89 billion, a PE ratio of 15.00, a price-to-earnings-growth ratio of 0.43 and a beta of 1.44. The company’s fifty day moving average price is $37.32 and its 200-day moving average price is $37.87. Ally Financial Inc. has a one year low of $31.95 and a one year high of $45.46. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.57 by $0.21. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 EPS. On average, equities analysts anticipate that Ally Financial Inc. will post 3.7 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.08%. Ally Financial’s dividend payout ratio (DPR) is 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.