Ally Financial Inc (NYSE:ALLY) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 10,884,953 shares, a decrease of 24.4% from the January 12th total of 14,400,198 shares. Approximately 2.5% of the company’s stock are short sold. Based on an average daily trading volume, of 4,113,817 shares, the short-interest ratio is presently 2.6 days.
Several large investors have recently made changes to their positions in the company. Towle & Co. lifted its position in shares of Ally Financial by 1.9% during the 4th quarter. Towle & Co. now owns 1,568,455 shares of the financial services provider’s stock valued at $45,736,000 after acquiring an additional 29,180 shares during the last quarter. Columbus Hill Capital Management L.P. purchased a new stake in shares of Ally Financial in the fourth quarter valued at $19,864,000. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Ally Financial in the fourth quarter valued at $7,550,000. AXA purchased a new stake in shares of Ally Financial in the fourth quarter valued at $1,204,000. Finally, Maverick Capital Ltd. lifted its holdings in shares of Ally Financial by 56.6% in the fourth quarter. Maverick Capital Ltd. now owns 229,020 shares of the financial services provider’s stock valued at $6,678,000 after purchasing an additional 82,730 shares in the last quarter.
Several research analysts recently commented on ALLY shares. Barclays boosted their price target on Ally Financial from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded Ally Financial from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $35.00 price target on shares of Ally Financial in a research note on Friday, December 22nd. ValuEngine upgraded Ally Financial from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, Piper Jaffray Companies restated a “buy” rating and set a $32.00 price objective on shares of Ally Financial in a research note on Thursday, December 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $32.56.
Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.11. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.43 billion. Ally Financial had a return on equity of 8.10% and a net margin of 13.73%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. equities research analysts predict that Ally Financial will post 3.02 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Wednesday, January 31st. This is an increase from Ally Financial’s previous quarterly dividend of $0.12. Ally Financial’s dividend payout ratio is 25.62%.
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About Ally Financial
Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.
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