Point72 Hong Kong Ltd Increases Stock Position in Ally Financial Inc. (NYSE:ALLY)

Point72 Hong Kong Ltd increased its position in shares of Ally Financial Inc. (NYSE:ALLY) by 843.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,779 shares of the financial services provider’s stock after buying an additional 47,183 shares during the period. Point72 Hong Kong Ltd’s holdings in Ally Financial were worth $1,901,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Principal Securities Inc. lifted its holdings in Ally Financial by 89.4% during the fourth 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 in the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Ally Financial in the fourth quarter valued at about $43,000. UMB Bank n.a. raised 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 buying an additional 1,061 shares during the last quarter. Harbour Investments Inc. raised its position in shares of Ally Financial by 38.5% in the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock valued at $77,000 after buying an additional 595 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Ally Financial in the fourth quarter valued at about $78,000. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ALLY has been the subject of a number of recent research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $40.00 target price on shares of Ally Financial in a research report on Monday, April 21st. Compass Point raised shares of Ally Financial from a “neutral” rating to a “buy” rating and upped their price objective for the company from $37.00 to $41.00 in a report on Monday, April 7th. Jefferies Financial Group upped their price objective on shares of Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. BTIG Research lowered shares of Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 price objective for the company. in a report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Ally Financial from $43.00 to $36.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $41.69.

Insider Buying and Selling at Ally Financial

In related news, insider Stephanie N. Richard sold 8,000 shares of Ally Financial stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total transaction of $257,120.00. Following the sale, the insider now directly owns 90,387 shares in the company, valued at $2,905,038.18. This trade represents a 8.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Russell E. Hutchinson bought 8,200 shares of the business’s stock in a transaction dated Tuesday, April 22nd. The shares were purchased at an average price of $30.81 per share, for a total transaction of $252,642.00. Following the transaction, the chief financial officer now directly owns 236,421 shares of the company’s stock, valued at approximately $7,284,131.01. This represents a 3.59% increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is owned by insiders.

Ally Financial Trading Down 0.2%

NYSE ALLY opened at $35.72 on Friday. The firm has a 50 day simple moving average of $33.86 and a 200-day simple moving average of $35.96. 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 Inc. has a one year low of $29.52 and a one year high of $45.46. The firm has a market cap of $10.97 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 0.32 and a beta of 1.14.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.43 by $0.15. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the previous year, the business posted $0.45 EPS. Equities research analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.36%. The ex-dividend date was Thursday, May 1st. Ally Financial’s dividend payout ratio (DPR) is presently 88.24%.

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.