Jump Financial LLC Buys 101,952 Shares of Ally Financial Inc. (NYSE:ALLY)

Jump Financial LLC increased its position in shares of Ally Financial Inc. (NYSE:ALLY) by 32.1% during the 4th quarter, Holdings Channel reports. The fund owned 419,452 shares of the financial services provider’s stock after buying an additional 101,952 shares during the quarter. Jump Financial LLC’s holdings in Ally Financial were worth $15,104,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Ally Financial by 2.1% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,332 shares of the financial services provider’s stock valued at $552,000 after buying an additional 320 shares during the period. Waterfront Wealth Inc. lifted its stake in Ally Financial by 0.8% in the fourth quarter. Waterfront Wealth Inc. now owns 50,924 shares of the financial services provider’s stock valued at $1,834,000 after buying an additional 389 shares in the last quarter. Principal Securities Inc. boosted its holdings in shares of Ally Financial by 89.4% in the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock valued at $38,000 after buying an additional 496 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Ally Financial by 2.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 21,409 shares of the financial services provider’s stock worth $771,000 after acquiring an additional 500 shares in the last quarter. Finally, Harbour Investments Inc. raised its holdings in shares of Ally Financial by 38.5% during the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 595 shares during the period. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on ALLY. StockNews.com cut Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Wells Fargo & Company increased their price objective on Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. Compass Point upgraded Ally Financial from a “neutral” rating to a “buy” rating and boosted their target price for the company from $37.00 to $41.00 in a research note on Monday, April 7th. BTIG Research cut shares of Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 price target for the company. in a research note on Tuesday, March 25th. Finally, Morgan Stanley boosted their price objective on shares of Ally Financial from $41.00 to $45.00 and gave the stock an “overweight” 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $42.41.

Insider Activity at Ally Financial

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

Ally Financial Stock Performance

NYSE:ALLY opened at $32.22 on Tuesday. 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 fifty-two week low of $29.52 and a fifty-two week high of $45.46. The company has a market cap of $9.90 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 0.32 and a beta of 1.12. The stock has a fifty day moving average price of $35.63 and a 200-day moving average price of $36.28.

Ally Financial (NYSE:ALLY) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.57 by $0.21. The firm 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%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS. As a group, equities analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.30 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.72%. Ally Financial’s dividend payout ratio (DPR) is currently 46.15%.

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.