Waterfront Wealth Inc. Has $1.83 Million Position in Ally Financial Inc. (NYSE:ALLY)

Waterfront Wealth Inc. raised its position in shares of Ally Financial Inc. (NYSE:ALLY) by 0.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 50,924 shares of the financial services provider’s stock after purchasing an additional 389 shares during the quarter. Waterfront Wealth Inc.’s holdings in Ally Financial were worth $1,834,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. CIBC Asset Management Inc increased its position in Ally Financial by 1.9% during the 3rd quarter. CIBC Asset Management Inc now owns 15,638 shares of the financial services provider’s stock valued at $557,000 after purchasing an additional 293 shares during the period. Maverick Capital Ltd. increased its position in Ally Financial by 1.2% during the 3rd quarter. Maverick Capital Ltd. now owns 26,120 shares of the financial services provider’s stock valued at $930,000 after purchasing an additional 299 shares during the period. Blue Trust Inc. increased its position in Ally Financial by 8.2% during the 3rd quarter. Blue Trust Inc. now owns 4,660 shares of the financial services provider’s stock valued at $166,000 after purchasing an additional 352 shares during the period. Allworth Financial LP increased its position in Ally Financial by 41.9% during the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 421 shares during the period. Finally, Principal Securities Inc. boosted its holdings in shares of Ally Financial by 89.4% during the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock worth $38,000 after buying an additional 496 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Insider Activity

In other news, CEO Michael George Rhodes acquired 25,634 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was bought at an average price of $39.09 per share, with a total value of $1,002,033.06. Following the acquisition, the chief executive officer now owns 25,634 shares in the company, valued at $1,002,033.06. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Russell E. Hutchinson acquired 19,100 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average cost of $39.45 per share, with a total value of $753,495.00. Following the acquisition, the chief financial officer now owns 202,845 shares in the company, valued at $8,002,235.25. The trade was a 10.39 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ALLY. Jefferies Financial Group increased their price target on Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. StockNews.com cut Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Royal Bank of Canada increased their price target on Ally Financial from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods increased their price target on Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, The Goldman Sachs Group increased their price target on Ally Financial from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Ally Financial has a consensus rating of “Hold” and an average target price of $43.76.

Ally Financial Trading Down 0.4 %

Shares of Ally Financial stock opened at $38.95 on Friday. Ally Financial Inc. has a 1 year low of $31.95 and a 1 year high of $45.46. The firm has a market cap of $11.87 billion, a PE ratio of 14.98, a P/E/G ratio of 0.33 and a beta of 1.45. The stock has a fifty day moving average price of $37.14 and a 200-day moving average price of $37.35. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93.

Ally Financial (NYSE:ALLY) last announced its 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. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the firm posted $0.45 EPS. The business’s revenue was up 3.6% compared to the same quarter last year. Equities research analysts anticipate that Ally Financial Inc. will post 3.64 EPS for the current year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Friday, January 31st. Ally Financial’s dividend payout ratio is presently 46.15%.

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.