RiverPark Advisors LLC trimmed its position in shares of Ally Financial Inc (NYSE:ALLY) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,700 shares of the financial services provider’s stock after selling 5,700 shares during the quarter. RiverPark Advisors LLC’s holdings in Ally Financial were worth $2,528,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of ALLY. BlackRock Inc. raised its position in Ally Financial by 3.7% in the 4th quarter. BlackRock Inc. now owns 22,672,615 shares of the financial services provider’s stock valued at $661,134,000 after buying an additional 813,594 shares during the last quarter. JPMorgan Chase & Co. raised its position in Ally Financial by 7.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 18,536,031 shares of the financial services provider’s stock valued at $442,825,000 after buying an additional 1,251,678 shares during the last quarter. Bank of New York Mellon Corp raised its position in Ally Financial by 91.7% in the 4th quarter. Bank of New York Mellon Corp now owns 16,650,942 shares of the financial services provider’s stock valued at $485,541,000 after buying an additional 7,967,206 shares during the last quarter. King Street Capital Management L.P. raised its position in Ally Financial by 40.5% in the 3rd quarter. King Street Capital Management L.P. now owns 6,933,000 shares of the financial services provider’s stock valued at $168,195,000 after buying an additional 2,000,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Ally Financial by 2.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,814,886 shares of the financial services provider’s stock valued at $165,315,000 after buying an additional 176,020 shares during the last quarter.
Ally Financial Inc (NYSE ALLY) opened at $28.60 on Monday. The company has a debt-to-equity ratio of 3.28, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market capitalization of $12,434.46, a price-to-earnings ratio of 13.95, a PEG ratio of 0.74 and a beta of 1.40. Ally Financial Inc has a 12 month low of $18.11 and a 12 month high of $31.29.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were paid a dividend of $0.13 per share. This is an increase from Ally Financial’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $0.52 annualized dividend and a dividend yield of 1.82%. Ally Financial’s dividend payout ratio is presently 25.37%.
A number of equities research analysts recently commented on the company. Wells Fargo & Co assumed coverage on Ally Financial in a research report on Friday, December 1st. They issued an “outperform” rating and a $30.00 price target for the company. Sandler O’Neill restated a “hold” rating and issued a $30.00 price objective on shares of Ally Financial in a research note on Friday, February 23rd. Oppenheimer set a $38.00 price objective on Ally Financial and gave the company a “buy” rating in a research note on Tuesday, January 30th. Barclays upped their price objective on Ally Financial from $26.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Morgan Stanley upped their price objective on Ally Financial from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $32.41.
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Ally Financial Company Profile
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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