Swiss National Bank Has $27.90 Million Holdings in Ally Financial Inc. (NYSE:ALLY)

Swiss National Bank reduced its position in Ally Financial Inc. (NYSE:ALLY) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 774,720 shares of the financial services provider’s stock after selling 35,300 shares during the period. Swiss National Bank owned about 0.25% of Ally Financial worth $27,898,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Oak Thistle LLC bought a new stake in shares of Ally Financial during the 4th quarter worth about $1,112,000. Point72 Asset Management L.P. bought a new stake in shares of Ally Financial during the 3rd quarter worth about $21,571,000. State Street Corp boosted its stake 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 worth $380,981,000 after acquiring an additional 51,426 shares in the last quarter. 140 Summer Partners LP bought a new stake in shares of Ally Financial during the 3rd quarter worth about $19,140,000. Finally, Quantbot Technologies LP bought a new stake in shares of Ally Financial during the 3rd quarter worth about $4,130,000. 88.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on ALLY. JPMorgan Chase & Co. increased their target price on Ally Financial from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods increased their target price on Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Wolfe Research downgraded Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. Morgan Stanley increased their target price on Ally Financial from $41.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Barclays increased their target price on Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $43.76.

Ally Financial Trading Up 1.1 %

Shares of ALLY opened at $34.45 on Tuesday. Ally Financial Inc. has a 1 year low of $31.95 and a 1 year high of $45.46. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. The stock has a 50 day simple moving average of $36.96 and a 200-day simple moving average of $36.56. The stock has a market cap of $10.58 billion, a PE ratio of 13.25, a PEG ratio of 0.32 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last issued its 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 business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the prior year, the firm posted $0.45 EPS. Ally Financial’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, sell-side analysts predict that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.48%. Ally Financial’s dividend payout ratio is 46.15%.

Insider Activity at Ally Financial

In other Ally Financial news, CEO Michael George Rhodes purchased 25,634 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was purchased at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following 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 acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the company’s stock in a transaction that occurred on 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 directly owns 202,845 shares in the company, valued at approximately $8,002,235.25. This represents a 10.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

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.