Illinois Municipal Retirement Fund Acquires 36,663 Shares of Ally Financial Inc. (NYSE:ALLY)

Illinois Municipal Retirement Fund lifted its position in shares of Ally Financial Inc. (NYSE:ALLY) by 42.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 122,970 shares of the financial services provider’s stock after acquiring an additional 36,663 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Ally Financial were worth $4,294,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. NBC Securities Inc. purchased a new stake in Ally Financial during the 3rd quarter worth about $26,000. Harvest Fund Management Co. Ltd raised its holdings in shares of Ally Financial by 337.8% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,563 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 1,206 shares in the last quarter. Friedenthal Financial bought a new stake in shares of Ally Financial during the 4th quarter valued at about $50,000. Denali Advisors LLC boosted its position in shares of Ally Financial by 68.6% during the 3rd quarter. Denali Advisors LLC now owns 1,897 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 772 shares during the last quarter. Finally, Rakuten Securities Inc. bought a new stake in shares of Ally Financial during the 4th quarter valued at about $67,000. Institutional investors own 88.76% of the company’s stock.

Ally Financial Price Performance

ALLY opened at $39.76 on Thursday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.92 and a current ratio of 0.92. Ally Financial Inc. has a 52-week low of $22.54 and a 52-week high of $41.56. The stock has a market capitalization of $12.09 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 0.58 and a beta of 1.40. The stock’s 50 day moving average price is $37.92 and its 200-day moving average price is $33.28.

Ally Financial (NYSE:ALLY) last posted its earnings results on Thursday, April 18th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.12. Ally Financial had a return on equity of 8.35% and a net margin of 10.59%. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the firm earned $0.82 earnings per share. The business’s revenue was down 5.4% compared to the same quarter last year. On average, equities research analysts predict that Ally Financial Inc. will post 2.95 EPS for the current year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, April 30th. This represents a $1.20 annualized dividend and a dividend yield of 3.02%. Ally Financial’s dividend payout ratio (DPR) is presently 48.98%.

Analyst Upgrades and Downgrades

ALLY has been the subject of a number of research analyst reports. TheStreet upgraded Ally Financial from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. The Goldman Sachs Group reiterated a “buy” rating on shares of Ally Financial in a research report on Thursday, February 1st. Evercore ISI boosted their target price 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. Deutsche Bank Aktiengesellschaft started coverage on Ally Financial in a research report on Wednesday, January 10th. They issued a “buy” rating and a $47.00 target price for the company. Finally, Wells Fargo & Company boosted their target price on Ally Financial from $29.00 to $33.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 10th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $38.47.

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.