Harel Insurance Investments & Financial Services Ltd. Makes New Investment in Ally Financial Inc. (NYSE:ALLY)

Harel Insurance Investments & Financial Services Ltd. acquired a new position in Ally Financial Inc. (NYSE:ALLY) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,040 shares of the financial services provider’s stock, valued at approximately $107,000.

Other institutional investors have also added to or reduced their stakes in the company. Comerica Bank bought a new position in Ally Financial in the 2nd quarter worth $6,675,000. Northern Trust Corp raised its holdings in Ally Financial by 34.2% in the 3rd quarter. Northern Trust Corp now owns 3,122,515 shares of the financial services provider’s stock worth $83,309,000 after purchasing an additional 795,754 shares in the last quarter. Private Management Group Inc. raised its holdings in Ally Financial by 9.4% in the 3rd quarter. Private Management Group Inc. now owns 819,136 shares of the financial services provider’s stock worth $21,855,000 after purchasing an additional 70,615 shares in the last quarter. ING Groep NV bought a new position in Ally Financial in the 3rd quarter worth $4,336,000. Finally, Sherbrooke Park Advisers LLC bought a new position in shares of Ally Financial in the 3rd quarter worth about $724,000. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Stock Performance

Shares of NYSE ALLY opened at $36.59 on Tuesday. The firm’s 50-day moving average price is $37.58 and its 200-day moving average price is $32.69. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.54. The company has a market cap of $11.12 billion, a PE ratio of 12.24, a PEG ratio of 0.54 and a beta of 1.40. Ally Financial Inc. has a 52-week low of $22.54 and a 52-week high of $41.56.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.99 billion. Ally Financial had a net margin of 12.42% and a return on equity of 9.41%. During the same quarter last year, the firm posted $1.08 EPS. As a group, analysts anticipate that Ally Financial Inc. will post 2.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ALLY shares. BMO Capital Markets increased their price target on shares of Ally Financial from $36.00 to $37.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 23rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Ally Financial in a research note on Wednesday, January 10th. They issued a “buy” rating and a $47.00 price target for the company. StockNews.com lowered shares of Ally Financial from a “hold” rating to a “sell” rating in a research note on Friday, April 5th. Barclays increased their price target on shares of Ally Financial from $32.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Ally Financial in a research note on Thursday, February 1st. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Ally Financial presently has an average rating of “Hold” and an average target price of $37.59.

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.