Rockefeller Capital Management L.P. Invests $891,000 in Ally Financial Inc. $ALLY

Rockefeller Capital Management L.P. bought a new position in Ally Financial Inc. (NYSE:ALLY) in the 2nd quarter, HoldingsChannel reports. The fund bought 22,877 shares of the financial services provider’s stock, valued at approximately $891,000.

Other institutional investors have also made changes to their positions in the company. WPG Advisers LLC acquired a new position in Ally Financial in the first quarter worth $25,000. SVB Wealth LLC bought a new position in shares of Ally Financial in the 1st quarter worth about $27,000. Allworth Financial LP boosted its holdings in shares of Ally Financial by 385.2% in the 2nd quarter. Allworth Financial LP now owns 752 shares of the financial services provider’s stock valued at $29,000 after buying an additional 597 shares during the period. Hantz Financial Services Inc. grew its position in shares of Ally Financial by 662.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 823 shares of the financial services provider’s stock valued at $32,000 after buying an additional 715 shares during the last quarter. Finally, Westside Investment Management Inc. grew its position in shares of Ally Financial by 116.8% during the 2nd quarter. Westside Investment Management Inc. now owns 837 shares of the financial services provider’s stock valued at $34,000 after buying an additional 451 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ALLY has been the subject of a number of research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Ally Financial in a research note on Tuesday. Cowen upgraded Ally Financial from a “hold” rating to a “buy” rating in a research report on Monday, October 20th. Wall Street Zen downgraded Ally Financial from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Morgan Stanley raised their target price on Ally Financial from $47.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Ally Financial from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Twelve equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Ally Financial has an average rating of “Moderate Buy” and an average price target of $45.67.

Ally Financial Stock Up 1.1%

ALLY opened at $41.19 on Thursday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $12.69 billion, a PE ratio of 24.81, a P/E/G ratio of 0.28 and a beta of 1.21. The stock’s fifty day moving average is $39.91 and its 200-day moving average is $38.94. Ally Financial Inc. has a one year low of $29.52 and a one year high of $44.83.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter. The company had revenue of $2.06 billion for the quarter. Ally Financial had a net margin of 8.10% and a return on equity of 9.96%. On average, equities analysts predict that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, October 31st. Ally Financial’s dividend payout ratio (DPR) is 72.29%.

Insider Buying and Selling at Ally Financial

In related news, insider Kathleen L. Patterson sold 29,000 shares of the stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $40.86, for a total value of $1,184,940.00. Following the completion of the sale, the insider directly owned 100,203 shares of the company’s stock, valued at approximately $4,094,294.58. This represents a 22.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.67% of the company’s stock.

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.