5,567 Shares in Ally Financial Inc. (NYSE:ALLY) Acquired by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC purchased a new stake in shares of Ally Financial Inc. (NYSE:ALLY) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,567 shares of the financial services provider’s stock, valued at approximately $200,000.

Several other institutional investors and hedge funds have also bought and sold shares of ALLY. Venturi Wealth Management LLC increased its holdings in shares of Ally Financial by 153.9% in the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock worth $34,000 after buying an additional 577 shares during the period. Allworth Financial LP raised its holdings in Ally Financial by 41.9% in the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 421 shares during the last quarter. UMB Bank n.a. raised its stake in Ally Financial by 218.8% during the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock valued at $56,000 after buying an additional 1,061 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Ally Financial during the 3rd quarter valued at $63,000. Finally, Rakuten Securities Inc. increased its stake in shares of Ally Financial by 65,375.0% in the 3rd quarter. Rakuten Securities Inc. now owns 2,619 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 2,615 shares in the last quarter. 88.76% of the stock is owned by institutional investors.

Ally Financial Stock Up 2.9 %

Ally Financial stock opened at $38.39 on Monday. 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 one year low of $31.95 and a one year high of $45.46. The company has a 50-day simple moving average of $37.11 and a 200-day simple moving average of $37.43. The firm has a market capitalization of $11.70 billion, a P/E ratio of 14.77, a P/E/G ratio of 0.43 and a beta of 1.45.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.21. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 earnings per share. As a group, equities analysts expect that Ally Financial Inc. will post 3.69 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial’s payout ratio is presently 46.15%.

Insider Activity at Ally Financial

In other Ally Financial news, CEO Michael George Rhodes purchased 25,634 shares of the stock in a transaction on Monday, January 27th. The stock was 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 directly owns 25,634 shares of the company’s stock, valued at $1,002,033.06. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Russell E. Hutchinson acquired 19,100 shares of Ally Financial stock in a transaction dated Friday, January 24th. The shares were purchased at an average cost of $39.45 per share, with a total value of $753,495.00. Following the completion of the transaction, 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.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ALLY shares. Keefe, Bruyette & Woods upped their target price on shares of Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Raymond James upgraded Ally Financial from an “underperform” rating to a “market perform” rating in a report on Monday, October 21st. Wolfe Research cut shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 5th. The Goldman Sachs Group boosted their price objective on Ally Financial from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company lifted their price target on Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $43.76.

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.