Royal London Asset Management Ltd. Has $4.44 Million Holdings in Ally Financial Inc. (NYSE:ALLY)

Royal London Asset Management Ltd. grew its position in Ally Financial Inc. (NYSE:ALLY) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 123,331 shares of the financial services provider’s stock after purchasing an additional 3,773 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Ally Financial were worth $4,441,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in ALLY. Principal Securities Inc. boosted its stake in Ally Financial by 89.4% in the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 496 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of Ally Financial during the fourth quarter worth $43,000. UMB Bank n.a. boosted its position in shares of Ally Financial by 218.8% in the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 1,061 shares during the period. Brooklyn Investment Group acquired a new position in shares of Ally Financial in the third quarter valued at about $63,000. Finally, Harbour Investments Inc. increased its position in Ally Financial by 38.5% during the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 595 shares during the period. Institutional investors own 88.76% of the company’s stock.

Ally Financial Trading Up 1.1 %

NYSE ALLY opened at $36.50 on Monday. The company has a market cap of $11.21 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. Ally Financial Inc. has a twelve month low of $31.95 and a twelve month high of $45.46. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The business’s fifty day moving average is $36.99 and its 200 day moving average is $36.37.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results 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 company had revenue of $2.09 billion for 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 business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 earnings per share. As a group, sell-side analysts expect that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial’s payout ratio is currently 46.15%.

Insider Transactions at Ally Financial

In related news, CFO Russell E. Hutchinson acquired 19,100 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were bought at an average cost of $39.45 per share, with a total value of $753,495.00. Following the completion of the purchase, the chief financial officer now directly owns 202,845 shares in the company, valued at $8,002,235.25. The trade was a 10.39 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael George Rhodes bought 25,634 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were purchased at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the transaction, the chief executive officer now directly owns 25,634 shares in the company, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ALLY has been the topic of a number of analyst reports. Royal Bank of Canada increased their target price on shares of Ally Financial from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods increased their price target on Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Barclays lifted their price objective on Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Jefferies Financial Group increased their target price on Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Finally, StockNews.com downgraded Ally Financial from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Ally Financial has an average rating of “Hold” and a consensus price target of $43.76.

Ally Financial Company 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.