Caisse Des Depots ET Consignations Takes $3.63 Million Position in Ally Financial Inc. (NYSE:ALLY)

Caisse Des Depots ET Consignations purchased a new stake in Ally Financial Inc. (NYSE:ALLY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 100,764 shares of the financial services provider’s stock, valued at approximately $3,629,000.

Other large investors also recently made changes to their positions in the company. Oak Thistle LLC acquired a new stake in shares of Ally Financial during the fourth quarter valued at about $1,112,000. Point72 Asset Management L.P. acquired a new position in shares of Ally Financial in the 3rd quarter valued at approximately $21,571,000. 140 Summer Partners LP acquired a new position in shares of Ally Financial in the 3rd quarter valued at approximately $19,140,000. State Street Corp grew its position in shares of Ally Financial by 0.5% during the third quarter. State Street Corp now owns 10,704,719 shares of the financial services provider’s stock worth $380,981,000 after buying an additional 51,426 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Ally Financial during the third quarter worth approximately $4,130,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

Insider Activity at Ally Financial

In other Ally Financial news, CEO Michael George Rhodes bought 25,634 shares of Ally Financial stock in a transaction dated Monday, January 27th. The shares were acquired at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the acquisition, the chief executive officer now directly owns 25,634 shares of the company’s stock, valued at $1,002,033.06. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 transaction, the chief financial officer now owns 202,845 shares in the company, valued at $8,002,235.25. This represents a 10.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company’s stock.

Ally Financial Trading Down 1.7 %

NYSE:ALLY opened at $36.79 on Thursday. The stock’s 50 day moving average price is $37.08 and its 200 day moving average price is $36.33. Ally Financial Inc. has a 52 week low of $31.95 and a 52 week high of $45.46. The company has a market capitalization of $11.30 billion, a P/E ratio of 14.15, a P/E/G ratio of 0.32 and a beta of 1.40. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.21. The business had revenue of $2.09 billion during 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%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 EPS. On average, research analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.26%. The ex-dividend date was Friday, January 31st. Ally Financial’s payout ratio is presently 46.15%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. BTIG Research cut shares of Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 price target on the stock. in a research report on Tuesday. Royal Bank of Canada boosted their price objective on Ally Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Wolfe Research downgraded shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. Morgan Stanley boosted their price objective on Ally Financial from $41.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group increased their price target on Ally Financial from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $42.53.

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.