BB&T Securities LLC lessened its holdings in Ally Financial Inc (NYSE:ALLY) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 120,414 shares of the financial services provider’s stock after selling 3,770 shares during the period. BB&T Securities LLC’s holdings in Ally Financial were worth $3,163,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC purchased a new position in shares of Ally Financial during the first quarter valued at approximately $109,000. NumerixS Investment Technologies Inc purchased a new position in shares of Ally Financial during the second quarter valued at approximately $159,000. Ostrum Asset Management purchased a new position in shares of Ally Financial during the first quarter valued at approximately $221,000. Commonwealth Equity Services LLC purchased a new position in shares of Ally Financial during the first quarter valued at approximately $223,000. Finally, ETRADE Capital Management LLC purchased a new position in shares of Ally Financial during the first quarter valued at approximately $226,000. 98.97% of the stock is currently owned by institutional investors.
Shares of ALLY stock opened at $26.55 on Friday. Ally Financial Inc has a one year low of $22.21 and a one year high of $31.29. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 3.60. The company has a market cap of $11.31 billion, a P/E ratio of 11.11, a P/E/G ratio of 0.68 and a beta of 1.34.
Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.71 by $0.12. Ally Financial had a net margin of 15.62% and a return on equity of 9.45%. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the business posted $0.55 earnings per share. research analysts anticipate that Ally Financial Inc will post 3.09 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 15th. Investors of record on Wednesday, August 1st were given a dividend of $0.15 per share. This is a positive change from Ally Financial’s previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, July 31st. This represents a $0.60 annualized dividend and a yield of 2.26%. Ally Financial’s dividend payout ratio is 25.10%.
Several equities analysts recently issued reports on the stock. Instinet assumed coverage on shares of Ally Financial in a research note on Tuesday, June 19th. They set a “neutral” rating and a $28.00 price objective on the stock. Bank of America raised shares of Ally Financial from a “neutral” rating to a “buy” rating and upped their price objective for the company from $33.00 to $35.00 in a research note on Monday, July 30th. Nomura assumed coverage on shares of Ally Financial in a research note on Tuesday, June 19th. They set a “neutral” rating and a $28.00 price objective on the stock. TheStreet raised shares of Ally Financial from a “c+” rating to a “b-” rating in a research note on Thursday, July 19th. Finally, Zacks Investment Research downgraded shares of Ally Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Ally Financial has an average rating of “Buy” and a consensus price target of $32.75.
Ally Financial 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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