Headlands Technologies LLC Sells 3,671 Shares of Ally Financial Inc. (NYSE:ALLY)

Headlands Technologies LLC cut its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 66.3% during the 4th quarter, Holdings Channel reports. The firm owned 1,864 shares of the financial services provider’s stock after selling 3,671 shares during the period. Headlands Technologies LLC’s holdings in Ally Financial were worth $67,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Securities Inc. increased its stake in Ally Financial by 89.4% during the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 496 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of Ally Financial during the 4th quarter worth $43,000. UMB Bank n.a. increased 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 worth $56,000 after purchasing an additional 1,061 shares during the period. Harbour Investments Inc. raised its stake in 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 purchasing an additional 595 shares in the last quarter. Finally, Van ECK Associates Corp bought a new stake in Ally Financial during the fourth quarter worth about $85,000. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ALLY has been the topic of several recent analyst reports. Bank of America decreased their target price on shares of Ally Financial from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Monday. BTIG Research downgraded shares of Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 price objective for the company. in a research report on Tuesday, March 25th. Wells Fargo & Company upped their target price on Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. Compass Point upgraded Ally Financial from a “neutral” rating to a “buy” rating and lifted their price target for the company from $37.00 to $41.00 in a research note on Monday. Finally, StockNews.com downgraded Ally Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ally Financial currently has a consensus rating of “Hold” and an average target price of $42.82.

Insider Buying and Selling at Ally Financial

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

Ally Financial Price Performance

ALLY stock opened at $31.34 on Tuesday. The company has a market capitalization of $9.62 billion, a P/E ratio of 12.05, a PEG ratio of 0.32 and a beta of 1.12. The company has a fifty day moving average price of $36.57 and a 200-day moving average price of $36.41. 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 52-week low of $30.06 and a 52-week high of $45.46.

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

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.83%. The ex-dividend date was Friday, January 31st. Ally Financial’s payout ratio is presently 46.15%.

Ally Financial 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.