Private Management Group Inc. Sells 12,359 Shares of Ally Financial Inc. (NYSE:ALLY)

Private Management Group Inc. lowered its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 806,777 shares of the financial services provider’s stock after selling 12,359 shares during the quarter. Private Management Group Inc. owned about 0.27% of Ally Financial worth $28,173,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. AE Wealth Management LLC acquired a new position in Ally Financial during the third quarter valued at approximately $368,000. DnB Asset Management AS increased its position in shares of Ally Financial by 6.6% during the third quarter. DnB Asset Management AS now owns 49,548 shares of the financial services provider’s stock valued at $1,322,000 after purchasing an additional 3,082 shares during the period. SG Americas Securities LLC raised its stake in shares of Ally Financial by 53.1% in the third quarter. SG Americas Securities LLC now owns 43,178 shares of the financial services provider’s stock valued at $1,152,000 after purchasing an additional 14,972 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Ally Financial in the third quarter worth $860,000. Finally, Impact Partnership Wealth LLC acquired a new stake in Ally Financial during the third quarter worth $249,000. 88.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ALLY has been the topic of a number of recent research reports. TheStreet raised Ally Financial from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. The Goldman Sachs Group reissued a “buy” rating on shares of Ally Financial in a report on Thursday, February 1st. Raymond James lowered shares of Ally Financial from a “market perform” rating to an “underperform” rating in a report on Friday, January 5th. Evercore ISI increased their price target on Ally Financial from $41.00 to $43.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. Finally, Wells Fargo & Company lifted their price objective on Ally Financial from $29.00 to $33.00 and gave the company an “underweight” rating in a research report on Wednesday, April 10th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Ally Financial presently has an average rating of “Hold” and an average price target of $38.47.

Ally Financial Trading Down 0.1 %

ALLY traded down $0.02 during midday trading on Tuesday, reaching $39.72. 3,969,284 shares of the company were exchanged, compared to its average volume of 4,013,582. Ally Financial Inc. has a one year low of $22.54 and a one year high of $41.56. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $12.07 billion, a P/E ratio of 16.21, a PEG ratio of 0.58 and a beta of 1.40. The stock’s 50-day simple moving average is $37.85 and its 200 day simple moving average is $33.23.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.12. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS. As a group, analysts forecast that Ally Financial Inc. will post 2.9 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, April 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.02%. Ally Financial’s payout ratio is 48.98%.

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.