GFS Advisors LLC Invests $238,000 in Ally Financial Inc. (NYSE:ALLY)

GFS Advisors LLC acquired a new stake in Ally Financial Inc. (NYSE:ALLY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,600 shares of the financial services provider’s stock, valued at approximately $238,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. lifted its stake in shares of Ally Financial by 233.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider’s stock valued at $87,509,000 after purchasing an additional 1,701,264 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Ally Financial by 217.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider’s stock valued at $81,260,000 after buying an additional 1,563,008 shares during the last quarter. Wedge Capital Management L L P NC increased its position in shares of Ally Financial by 584.7% during the third quarter. Wedge Capital Management L L P NC now owns 1,395,308 shares of the financial services provider’s stock valued at $49,659,000 after acquiring an additional 1,191,529 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Ally Financial in the 3rd quarter valued at approximately $21,571,000. Finally, 140 Summer Partners LP acquired a new position in shares of Ally Financial in the 3rd quarter worth approximately $19,140,000. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ally Financial

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

Ally Financial Price Performance

Shares of NYSE ALLY opened at $39.01 on Friday. The stock’s 50-day simple moving average is $37.32 and its 200-day simple moving average is $37.87. The firm has a market capitalization of $11.89 billion, a PE ratio of 15.00, a price-to-earnings-growth ratio of 0.43 and a beta of 1.44. Ally Financial Inc. has a fifty-two week low of $31.95 and a fifty-two week high of $45.46. 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 (NYSE:ALLY) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter last year, the company earned $0.45 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities research analysts forecast that Ally Financial Inc. will post 3.7 EPS for the current fiscal year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a $0.30 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.08%. Ally Financial’s dividend payout ratio (DPR) is presently 46.15%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. The Goldman Sachs Group boosted their target price on Ally Financial from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Raymond James upgraded Ally Financial from an “underperform” rating to a “market perform” rating in a report on Monday, October 21st. Barclays boosted their price target on shares of Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Royal Bank of Canada raised their price objective on shares of Ally Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods increased their target price on shares of Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Ally Financial currently has an average rating of “Hold” and an average target price of $43.76.

Ally Financial Company 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.