Dynamic Technology Lab Private Ltd Increases Stock Holdings in Ally Financial Inc. $ALLY

Dynamic Technology Lab Private Ltd lifted its stake in Ally Financial Inc. (NYSE:ALLY) by 37.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,753 shares of the financial services provider’s stock after purchasing an additional 11,285 shares during the quarter. Ally Financial comprises 0.4% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 26th biggest holding. Dynamic Technology Lab Private Ltd’s holdings in Ally Financial were worth $1,891,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of ALLY. Wellington Management Group LLP boosted its holdings in Ally Financial by 19.6% during the 3rd quarter. Wellington Management Group LLP now owns 11,938,680 shares of the financial services provider’s stock valued at $467,996,000 after acquiring an additional 1,958,201 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Ally Financial by 3.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,708,942 shares of the financial services provider’s stock valued at $394,432,000 after acquiring an additional 295,048 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Ally Financial by 4.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,626,748 shares of the financial services provider’s stock valued at $220,569,000 after acquiring an additional 226,188 shares during the period. Geode Capital Management LLC boosted its holdings in Ally Financial by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 5,381,838 shares of the financial services provider’s stock valued at $243,795,000 after acquiring an additional 241,000 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in Ally Financial by 0.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 3,867,023 shares of the financial services provider’s stock valued at $175,137,000 after acquiring an additional 20,198 shares during the period. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ALLY shares. The Goldman Sachs Group boosted their price objective on Ally Financial from $50.00 to $56.00 and gave the company a “buy” rating in a report on Monday, April 20th. Wall Street Zen cut Ally Financial from a “buy” rating to a “hold” rating in a report on Monday, June 8th. Morgan Stanley boosted their price objective on Ally Financial from $53.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, April 20th. Barclays upped their target price on Ally Financial from $54.00 to $56.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. Finally, Bank of America upped their target price on Ally Financial from $51.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, April 10th. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $54.14.

Ally Financial Price Performance

Shares of ALLY stock opened at $44.41 on Friday. Ally Financial Inc. has a twelve month low of $35.90 and a twelve month high of $47.27. The stock has a market capitalization of $13.61 billion, a price-to-earnings ratio of 10.83, a P/E/G ratio of 0.26 and a beta of 1.10. The stock has a fifty day simple moving average of $42.81 and a two-hundred day simple moving average of $42.29. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.31.

Ally Financial (NYSE:ALLY) last issued its earnings results on Friday, April 17th. The financial services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.18. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the prior year, the business earned $0.58 EPS. The business’s revenue for the quarter was up 36.4% compared to the same quarter last year. On average, analysts predict that Ally Financial Inc. will post 5.28 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, May 1st. Ally Financial’s payout ratio is presently 29.27%.

Insider Buying and Selling at Ally Financial

In other news, insider Stephanie N. Richard sold 5,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $42.14, for a total value of $210,700.00. Following the completion of the transaction, the insider directly owned 93,927 shares of the company’s stock, valued at approximately $3,958,083.78. The trade was a 5.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Douglas R. Timmerman sold 39,675 shares of the business’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $45.17, for a total value of $1,792,119.75. Following the completion of the transaction, the insider directly owned 477,627 shares of the company’s stock, valued at approximately $21,574,411.59. The trade was a 7.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.46% of the company’s stock.

About Ally Financial

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.