Engineers Gate Manager LP Invests $1.87 Million in Ally Financial (ALLY)

Engineers Gate Manager LP bought a new stake in Ally Financial (NYSE:ALLY) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 68,802 shares of the financial services provider’s stock, valued at approximately $1,868,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. lifted its stake in shares of Ally Financial by 12.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,490,593 shares of the financial services provider’s stock valued at $40,470,000 after acquiring an additional 164,706 shares during the last quarter. Zweig DiMenna Associates LLC bought a new stake in shares of Ally Financial in the 1st quarter valued at about $242,000. Robeco Institutional Asset Management B.V. raised its position in Ally Financial by 45.5% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,646,147 shares of the financial services provider’s stock valued at $44,693,000 after purchasing an additional 514,945 shares during the last quarter. LSV Asset Management raised its position in Ally Financial by 104.2% during the 1st quarter. LSV Asset Management now owns 3,130,841 shares of the financial services provider’s stock valued at $85,002,000 after purchasing an additional 1,597,600 shares during the last quarter. Finally, Ffcm LLC raised its position in Ally Financial by 1,648.8% during the 1st quarter. Ffcm LLC now owns 15,424 shares of the financial services provider’s stock valued at $418,000 after purchasing an additional 14,542 shares during the last quarter.

Ally Financial opened at $26.99 on Friday, MarketBeat reports. Ally Financial has a fifty-two week low of $26.60 and a fifty-two week high of $26.91. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 3.45. The company has a market cap of $11.45 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 0.71 and a beta of 1.38.

Ally Financial (NYSE:ALLY) last posted its earnings results on Thursday, April 26th. The financial services provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. Ally Financial had a return on equity of 8.71% and a net margin of 14.20%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the business earned $0.48 EPS. analysts expect that Ally Financial will post 2.96 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, April 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.93%. Ally Financial’s dividend payout ratio (DPR) is 21.76%.

A number of research analysts have commented on ALLY shares. Piper Jaffray reaffirmed a “buy” rating and set a $36.00 price target on shares of Ally Financial in a research report on Tuesday, January 30th. Oppenheimer set a $38.00 price target on Ally Financial and gave the company a “buy” rating in a research report on Tuesday, January 30th. UBS started coverage on Ally Financial in a research report on Tuesday, March 27th. They set a “buy” rating and a $33.00 price target for the company. ValuEngine lowered Ally Financial from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 1st. Finally, Stephens raised Ally Financial from an “underweight” rating to an “equal” rating and set a $29.00 price target for the company in a research report on Monday, April 9th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $32.82.

Ally Financial Company Profile

Ally Financial Inc provides various financial products and services for consumers, businesses, automotive dealers, and corporate clients in the United States and Canada. The company operates Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.

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Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

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