Alaska Permanent Fund Corp Sells 1,323 Shares of Ally Financial Inc. (NYSE:ALLY)

Alaska Permanent Fund Corp cut its position in Ally Financial Inc. (NYSE:ALLY) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 81,977 shares of the financial services provider’s stock after selling 1,323 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Ally Financial were worth $2,863,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. NBC Securities Inc. bought a new position in Ally Financial in the third quarter worth about $26,000. Harvest Fund Management Co. Ltd raised its holdings in Ally Financial by 337.8% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,563 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 1,206 shares in the last quarter. Friedenthal Financial acquired a new position in shares of Ally Financial during the fourth quarter valued at about $50,000. Denali Advisors LLC increased its holdings in shares of Ally Financial by 68.6% during the third quarter. Denali Advisors LLC now owns 1,897 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 772 shares in the last quarter. Finally, Rakuten Securities Inc. acquired a new position in shares of Ally Financial during the fourth quarter valued at about $67,000. 88.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ALLY has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ally Financial in a report on Wednesday, January 10th. They set a “buy” rating and a $47.00 price objective on the stock. Barclays upped their price objective on shares of Ally Financial from $32.00 to $43.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Raymond James downgraded shares of Ally Financial from a “market perform” rating to an “underperform” rating in a report on Friday, January 5th. StockNews.com upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Ally Financial in a research report on Thursday, February 1st. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Ally Financial presently has a consensus rating of “Hold” and an average price target of $38.47.

Ally Financial Price Performance

Shares of NYSE:ALLY traded up $0.05 during midday trading on Wednesday, reaching $39.76. 3,365,989 shares of the company’s stock traded hands, compared to its average volume of 4,005,391. Ally Financial Inc. has a 1 year low of $22.54 and a 1 year high of $41.56. The company has a market cap of $12.09 billion, a P/E ratio of 16.21, a PEG ratio of 0.58 and a beta of 1.40. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.92 and a current ratio of 0.92. The company has a fifty day simple moving average of $37.85 and a two-hundred day simple moving average of $33.23.

Ally Financial (NYSE:ALLY) last announced its earnings results on Thursday, April 18th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.12. Ally Financial had a return on equity of 8.35% and a net margin of 10.59%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the firm posted $0.82 EPS. The business’s revenue was down 5.4% on a year-over-year basis. Equities analysts predict that Ally Financial Inc. will post 2.95 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.02%. Ally Financial’s dividend payout ratio (DPR) is 48.98%.

About Ally Financial

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.