Danica Pension Livsforsikringsaktieselskab Sells 528,779 Shares of Ally Financial Inc. $ALLY

Danica Pension Livsforsikringsaktieselskab lessened its position in shares of Ally Financial Inc. (NYSE:ALLYFree Report) by 45.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 637,879 shares of the financial services provider’s stock after selling 528,779 shares during the quarter. Danica Pension Livsforsikringsaktieselskab’s holdings in Ally Financial were worth $25,024,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ALLY. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Ally Financial during the fourth quarter worth $29,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Ally Financial during the 4th quarter valued at $35,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Ally Financial in the 4th quarter worth $37,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Ally Financial in the 4th quarter worth $38,000. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Ally Financial by 805.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 896 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 797 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Price Performance

Shares of ALLY opened at $44.42 on Wednesday. The firm has a market capitalization of $13.62 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 0.26 and a beta of 1.09. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.93. Ally Financial Inc. has a 1-year low of $35.92 and a 1-year high of $47.29. The company’s fifty day moving average price is $44.19 and its 200-day moving average price is $42.63.

Ally Financial (NYSE:ALLYGet Free Report) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.01). Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter last year, the business earned $0.99 EPS. The business’s revenue was up 9.8% on a year-over-year basis. On average, equities research analysts predict that Ally Financial Inc. will post 5.32 EPS for the current year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, July 31st. Ally Financial’s dividend payout ratio (DPR) is presently 29.27%.

Insider Activity at Ally Financial

In related news, insider Stephanie N. Richard sold 5,000 shares of the company’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 sale, the insider owned 93,927 shares in the company, valued at $3,958,083.78. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is owned by company insiders.

Key Ally Financial News

Here are the key news stories impacting Ally Financial this week:

Analysts Set New Price Targets

ALLY has been the topic of several recent analyst reports. Weiss Ratings raised Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. The Goldman Sachs Group raised their price target on Ally Financial from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Barclays boosted their price target on Ally Financial from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Morgan Stanley upped their price objective on shares of Ally Financial from $53.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, April 20th. Finally, Wells Fargo & Company increased their price objective on shares of Ally Financial from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.79.

View Our Latest Analysis on ALLY

About Ally Financial

(Free Report)

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.

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Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

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