Handelsbanken Fonder AB Purchases 15,300 Shares of Ally Financial Inc. $ALLY

Handelsbanken Fonder AB lifted its stake in Ally Financial Inc. (NYSE:ALLY) by 21.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,500 shares of the financial services provider’s stock after buying an additional 15,300 shares during the period. Handelsbanken Fonder AB’s holdings in Ally Financial were worth $3,872,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Chung Wu Investment Group LLC increased its holdings in shares of Ally Financial by 224.1% in the third quarter. Chung Wu Investment Group LLC now owns 38,890 shares of the financial services provider’s stock worth $1,524,000 after buying an additional 26,890 shares during the period. NewSquare Capital LLC increased its holdings in shares of Ally Financial by 21,520.9% in the third quarter. NewSquare Capital LLC now owns 27,891 shares of the financial services provider’s stock worth $1,093,000 after buying an additional 27,762 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Ally Financial in the third quarter worth about $1,194,000. Prana Capital Management LP increased its holdings in shares of Ally Financial by 177.3% in the third quarter. Prana Capital Management LP now owns 178,762 shares of the financial services provider’s stock worth $7,007,000 after buying an additional 114,305 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Ally Financial by 7.5% in the third quarter. Principal Financial Group Inc. now owns 674,471 shares of the financial services provider’s stock worth $26,439,000 after buying an additional 47,184 shares during the period. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Down 0.8%

NYSE ALLY opened at $42.39 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $12.99 billion, a PE ratio of 10.34, a PEG ratio of 0.26 and a beta of 1.12. Ally Financial Inc. has a 1 year low of $32.50 and a 1 year high of $47.27. The business’s 50-day moving average is $41.46 and its 200 day moving average is $41.90.

Ally Financial (NYSE:ALLY) last posted its earnings results on Friday, April 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.18. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.Ally Financial’s quarterly revenue was up 36.4% on a year-over-year basis. During the same period last year, the firm earned $0.58 earnings per share. Sell-side analysts forecast that Ally Financial Inc. will post 5.3 earnings per share for the current year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. Ally Financial’s dividend payout ratio (DPR) is presently 29.27%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ALLY. Morgan Stanley lifted their price objective on Ally Financial from $53.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, April 20th. Barclays lifted their price objective on Ally Financial from $54.00 to $56.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. JPMorgan Chase & Co. decreased their price objective on Ally Financial from $48.00 to $46.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. The Goldman Sachs Group lifted their price objective on Ally Financial from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Finally, Evercore reissued an “outperform” rating and issued a $54.00 target price on shares of Ally Financial in a research note on Tuesday, April 21st. Fourteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $54.14.

Insider Activity

In related news, insider Douglas R. Timmerman sold 39,675 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $45.17, for a total value of $1,792,119.75. Following the sale, the insider directly owned 477,627 shares of the company’s stock, valued at $21,574,411.59. This trade represents a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Stephanie N. Richard sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $42.14, for a total value of $210,700.00. Following the completion of the sale, the insider directly owned 93,927 shares in the company, valued at $3,958,083.78. The trade was a 5.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.46% of the stock is owned by company insiders.

Ally Financial Company Profile

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.