Interval Partners LP Purchases 464,608 Shares of Ally Financial Inc. $ALLY

Interval Partners LP raised its position in shares of Ally Financial Inc. (NYSE:ALLY) by 313.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 612,817 shares of the financial services provider’s stock after purchasing an additional 464,608 shares during the quarter. Interval Partners LP’s holdings in Ally Financial were worth $27,754,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Wellington Management Group LLP grew its stake in shares of Ally Financial by 19.6% during the 3rd quarter. Wellington Management Group LLP now owns 11,938,680 shares of the financial services provider’s stock valued at $467,996,000 after acquiring an additional 1,958,201 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Ally Financial by 3.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,708,942 shares of the financial services provider’s stock valued at $394,432,000 after acquiring an additional 295,048 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Ally Financial by 7.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,071,504 shares of the financial services provider’s stock valued at $274,978,000 after acquiring an additional 444,756 shares during the period. Geode Capital Management LLC grew its stake in shares of Ally Financial by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 5,381,838 shares of the financial services provider’s stock valued at $243,795,000 after acquiring an additional 241,000 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in shares of Ally Financial by 0.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 3,867,023 shares of the financial services provider’s stock valued at $175,137,000 after acquiring an additional 20,198 shares during the period. 88.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ALLY has been the subject of a number of recent research reports. Bank of America boosted their price objective on Ally Financial from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, April 10th. Barclays boosted their price objective on Ally Financial from $54.00 to $56.00 and gave the company an “equal weight” rating in a research note on Monday, April 20th. The Goldman Sachs Group boosted their price objective on Ally Financial from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Morgan Stanley boosted their price objective on Ally Financial from $53.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Finally, Weiss Ratings downgraded Ally Financial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. Fourteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $54.14.

Insider Buying and Selling

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

Ally Financial Stock Down 0.5%

NYSE ALLY opened at $45.44 on Thursday. The stock’s 50 day moving average is $43.14 and its 200 day moving average is $42.41. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.31. Ally Financial Inc. has a 12 month low of $35.92 and a 12 month high of $47.27. The stock has a market cap of $13.93 billion, a PE ratio of 11.08, a P/E/G ratio of 0.28 and a beta of 1.10.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Friday, April 17th. The financial services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.18. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the previous year, the firm earned $0.58 EPS. The firm’s revenue was up 36.4% compared to the same quarter last year. Research analysts predict that Ally Financial Inc. will post 5.28 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. Ally Financial’s payout ratio is currently 29.27%.

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.