DNB Asset Management AS Grows Holdings in Ally Financial Inc (ALLY)

DNB Asset Management AS boosted its position in shares of Ally Financial Inc (NYSE:ALLY) by 5.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 217,900 shares of the financial services provider’s stock after purchasing an additional 11,100 shares during the quarter. DNB Asset Management AS owned about 0.05% of Ally Financial worth $5,763,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Ally Financial by 8.8% during the 2nd quarter. BlackRock Inc. now owns 26,537,339 shares of the financial services provider’s stock valued at $697,136,000 after acquiring an additional 2,148,484 shares in the last quarter. Unigestion Holding SA bought a new stake in Ally Financial during the 2nd quarter valued at $32,286,000. LSV Asset Management boosted its position in Ally Financial by 32.6% during the 2nd quarter. LSV Asset Management now owns 4,152,079 shares of the financial services provider’s stock valued at $109,075,000 after acquiring an additional 1,021,238 shares in the last quarter. Janus Henderson Group PLC boosted its position in Ally Financial by 86.2% during the 2nd quarter. Janus Henderson Group PLC now owns 2,163,208 shares of the financial services provider’s stock valued at $56,827,000 after acquiring an additional 1,001,501 shares in the last quarter. Finally, Platinum Investment Management Ltd. boosted its position in Ally Financial by 26.5% during the 1st quarter. Platinum Investment Management Ltd. now owns 3,977,100 shares of the financial services provider’s stock valued at $107,978,000 after acquiring an additional 834,200 shares in the last quarter. Institutional investors own 98.96% of the company’s stock.

Ally Financial stock opened at $26.13 on Friday. 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 firm has a market capitalization of $11.16 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 0.68 and a beta of 1.34. Ally Financial Inc has a 1-year low of $23.90 and a 1-year high of $31.29.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.12. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Ally Financial had a return on equity of 9.45% and a net margin of 15.62%. During the same quarter last year, the firm earned $0.55 EPS. As a group, equities research analysts expect that Ally Financial Inc will post 3.09 EPS for the current fiscal year.

ALLY has been the topic of several recent research reports. Stephens reaffirmed a “hold” rating and set a $32.00 target price on shares of Ally Financial in a research report on Friday, July 27th. Instinet initiated coverage on Ally Financial in a research report on Tuesday, June 19th. They set a “neutral” rating and a $28.00 target price on the stock. Nomura initiated coverage on Ally Financial in a research report on Tuesday, June 19th. They set a “neutral” rating and a $28.00 target price on the stock. Zacks Investment Research raised Ally Financial from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Tuesday, July 17th. Finally, Bank of America raised Ally Financial from a “neutral” rating to a “buy” rating and increased their target price for the company from $33.00 to $35.00 in a research report on Monday, July 30th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $32.75.

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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