Louisiana State Employees Retirement System Purchases New Position in Ally Financial Inc. (NYSE:ALLY)

Louisiana State Employees Retirement System purchased a new stake in Ally Financial Inc. (NYSE:ALLY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 76,200 shares of the financial services provider’s stock, valued at approximately $2,661,000.

Other large investors have also recently modified their holdings of the company. Simplicity Solutions LLC purchased a new stake in Ally Financial during the fourth quarter worth $201,000. Friedenthal Financial purchased a new stake in Ally Financial during the fourth quarter worth $50,000. Cerity Partners LLC lifted its holdings in Ally Financial by 5.8% during the fourth quarter. Cerity Partners LLC now owns 10,035 shares of the financial services provider’s stock worth $350,000 after buying an additional 553 shares during the period. Custom Index Systems LLC purchased a new stake in Ally Financial during the fourth quarter worth $384,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in Ally Financial during the fourth quarter worth $243,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ALLY. Deutsche Bank Aktiengesellschaft started coverage on Ally Financial in a report on Wednesday, January 10th. They set a “buy” rating and a $47.00 target price for the company. Barclays upped their price target on Ally Financial from $32.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Raymond James downgraded Ally Financial from a “market perform” rating to an “underperform” rating in a research report on Friday, January 5th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Ally Financial in a research report on Thursday, February 1st. Finally, Compass Point upped their price target on Ally Financial from $28.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Ally Financial currently has a consensus rating of “Hold” and an average price target of $37.59.

Ally Financial Price Performance

Shares of ALLY opened at $36.59 on Tuesday. The business’s 50-day moving average is $37.58 and its two-hundred day moving average is $32.69. The company has a market capitalization of $11.12 billion, a P/E ratio of 12.24, a P/E/G ratio of 0.54 and a beta of 1.40. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 0.90. Ally Financial Inc. has a fifty-two week low of $22.54 and a fifty-two week high of $41.56.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.99 billion. Ally Financial had a return on equity of 9.41% and a net margin of 12.42%. During the same period last year, the firm earned $1.08 EPS. Research analysts predict that Ally Financial Inc. will post 2.94 earnings per share for the current year.

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.