New York Life Investment Management LLC Sells 2,139 Shares of Ally Financial Inc. (NYSE:ALLY)

New York Life Investment Management LLC decreased its position in shares of Ally Financial Inc. (NYSE:ALLY) by 6.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 30,283 shares of the financial services provider’s stock after selling 2,139 shares during the quarter. New York Life Investment Management LLC’s holdings in Ally Financial were worth $1,090,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its stake in shares of Ally Financial by 153.9% during the 3rd 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 during the period. Principal Securities Inc. grew its stake in shares of Ally Financial by 89.4% during the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 496 shares during the period. Kestra Investment Management LLC bought a new position in shares of Ally Financial during the 4th quarter worth $43,000. UMB Bank n.a. grew its stake in shares of Ally Financial by 218.8% during the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 1,061 shares during the period. Finally, Brooklyn Investment Group bought a new position in shares of Ally Financial during the 3rd quarter worth $63,000. Institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Performance

Shares of NYSE ALLY opened at $35.18 on Tuesday. The stock has a market cap of $10.80 billion, a price-to-earnings ratio of 13.53, a P/E/G ratio of 0.32 and a beta of 1.45. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. Ally Financial Inc. has a 1-year low of $31.95 and a 1-year high of $45.46. The stock’s 50-day moving average is $37.28 and its 200 day moving average is $37.14.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. Ally Financial’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $0.45 EPS. On average, sell-side analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently disclosed 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 dividend yield of 3.41%. Ally Financial’s dividend payout ratio is 46.15%.

Insider Activity at Ally Financial

In related news, CEO Michael George Rhodes purchased 25,634 shares of Ally Financial stock in a transaction that occurred on Monday, January 27th. The shares were acquired at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the transaction, the chief executive officer now directly owns 25,634 shares in the company, valued at $1,002,033.06. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Russell E. Hutchinson purchased 19,100 shares of Ally Financial 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 completion of the transaction, the chief financial officer now owns 202,845 shares in the company, valued at $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. 0.67% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ALLY has been the subject of several research reports. Jefferies Financial Group increased their price target on Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods increased 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. Royal Bank of Canada increased their price objective on Ally Financial from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price objective on Ally Financial from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, Wolfe Research cut Ally Financial from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus 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.