Harel Insurance Investments & Financial Services Ltd. Acquires 1,690 Shares of Ally Financial Inc. (NYSE:ALLY)

Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 55.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,720 shares of the financial services provider’s stock after purchasing an additional 1,690 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Ally Financial were worth $170,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. CIBC Asset Management Inc grew its holdings 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 valued at $557,000 after purchasing an additional 293 shares during the period. Maverick Capital Ltd. lifted its position in shares of Ally Financial by 1.2% during the 3rd quarter. Maverick Capital Ltd. now owns 26,120 shares of the financial services provider’s stock valued at $930,000 after buying an additional 299 shares in the last quarter. Blue Trust Inc. grew its stake in shares of 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 acquiring an additional 352 shares during the period. Allworth Financial LP grew its stake in shares of Ally Financial by 41.9% during the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 421 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in 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. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Performance

Shares of NYSE:ALLY opened at $39.03 on Friday. The firm has a fifty day simple moving average of $37.06 and a two-hundred day simple moving average of $37.94. Ally Financial Inc. has a 52 week low of $31.95 and a 52 week high of $45.46. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $11.89 billion, a P/E ratio of 15.01, a PEG ratio of 0.42 and a beta of 1.44.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2,021,808.41 billion. During the same quarter last year, the business posted $0.45 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. On average, analysts expect that Ally Financial Inc. will post 3.91 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.07%. Ally Financial’s dividend payout ratio is presently 46.15%.

Wall Street Analysts Forecast Growth

ALLY has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their price target on shares of Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday. Barclays upped their target price on shares of Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Royal Bank of Canada increased their price target on Ally Financial from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday. The Goldman Sachs Group boosted their price objective on Ally Financial from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Citigroup increased their target price on Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Ally Financial presently has an average rating of “Hold” and an average target price of $43.47.

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.