Virtu Financial LLC Purchases 3,183 Shares of Ally Financial Inc. (NYSE:ALLY)

Virtu Financial LLC boosted its position in Ally Financial Inc. (NYSE:ALLY) by 25.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,817 shares of the financial services provider’s stock after purchasing an additional 3,183 shares during the quarter. Virtu Financial LLC’s holdings in Ally Financial were worth $570,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ALLY. Pathstone Holdings LLC boosted its position in shares of Ally Financial by 127.0% in the third quarter. Pathstone Holdings LLC now owns 59,741 shares of the financial services provider’s stock valued at $2,126,000 after acquiring an additional 33,420 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Ally Financial by 1.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 32,174 shares of the financial services provider’s stock valued at $1,145,000 after purchasing an additional 598 shares during the period. Intech Investment Management LLC grew its position in shares of Ally Financial by 50.8% during the 3rd quarter. Intech Investment Management LLC now owns 16,001 shares of the financial services provider’s stock worth $569,000 after purchasing an additional 5,387 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of Ally Financial during the third quarter worth approximately $250,000. Finally, Citigroup Inc. raised its position in shares of Ally Financial by 22.3% in the third quarter. Citigroup Inc. now owns 242,602 shares of the financial services provider’s stock valued at $8,634,000 after buying an additional 44,314 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors.

Insider Transactions at Ally Financial

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

Ally Financial Stock Down 1.0 %

Shares of NYSE ALLY opened at $37.50 on Wednesday. The company has a 50 day simple moving average of $37.09 and a 200 day simple moving average of $36.33. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. Ally Financial Inc. has a 1 year low of $31.95 and a 1 year high of $45.46. The firm has a market cap of $11.52 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.21. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. Ally Financial’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 earnings per share. On average, research analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.30 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.20%. Ally Financial’s payout ratio is 46.15%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wolfe Research downgraded Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. Jefferies Financial Group raised their price target on Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Wells Fargo & Company upped their price objective on shares of Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a research 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 target price on the stock. in a report on Tuesday. Finally, Royal Bank of Canada upped their price target on shares of Ally Financial from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $42.53.

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.