Oldfield Partners LLP Sells 5,500 Shares of Ally Financial Inc. (NYSE:ALLY)

Oldfield Partners LLP decreased its holdings in Ally Financial Inc. (NYSE:ALLY) by 18.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 25,100 shares of the financial services provider’s stock after selling 5,500 shares during the period. Ally Financial makes up about 0.3% of Oldfield Partners LLP’s portfolio, making the stock its 21st biggest position. Oldfield Partners LLP’s holdings in Ally Financial were worth $904,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ALLY. Assenagon Asset Management S.A. increased its stake in shares of Ally Financial by 233.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider’s stock valued at $87,509,000 after purchasing an additional 1,701,264 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of Ally Financial by 217.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider’s stock valued at $81,260,000 after purchasing an additional 1,563,008 shares during the last quarter. Wedge Capital Management L L P NC grew its position in Ally Financial by 584.7% during the 3rd quarter. Wedge Capital Management L L P NC now owns 1,395,308 shares of the financial services provider’s stock worth $49,659,000 after acquiring an additional 1,191,529 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Ally Financial during the 3rd quarter worth $21,571,000. Finally, 140 Summer Partners LP bought a new stake in Ally Financial during the 3rd quarter worth $19,140,000. Institutional investors own 88.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ALLY. JPMorgan Chase & Co. boosted their price objective on Ally Financial from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Citigroup boosted their price objective on Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. The Goldman Sachs Group boosted their price objective on Ally Financial from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Wolfe Research downgraded Ally Financial from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 5th. Finally, StockNews.com downgraded Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Ally Financial currently has a consensus rating of “Hold” and an average target price of $43.76.

Insider Activity at Ally Financial

In other news, CFO Russell E. Hutchinson acquired 19,100 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were acquired at an average price of $39.45 per share, for a total transaction of $753,495.00. Following the completion of the purchase, the chief financial officer now owns 202,845 shares in the company, valued at approximately $8,002,235.25. This trade represents a 10.39 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.67% of the stock is owned by company insiders.

Ally Financial Stock Performance

Shares of ALLY opened at $39.12 on Wednesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.92 and a current ratio of 0.93. The stock has a 50 day moving average price of $37.20 and a two-hundred day moving average price of $37.84. The firm has a market capitalization of $11.92 billion, a P/E ratio of 14.98, a P/E/G ratio of 0.42 and a beta of 1.44. Ally Financial Inc. has a 52 week low of $31.95 and a 52 week high of $45.46.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.21. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 EPS. Equities analysts forecast that Ally Financial Inc. will post 3.91 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

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

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.