AMP Capital Investors Ltd raised its position in shares of Ally Financial Inc (NYSE:ALLY) by 20.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 248,778 shares of the financial services provider’s stock after buying an additional 41,719 shares during the period. AMP Capital Investors Ltd owned about 0.06% of Ally Financial worth $6,639,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in Ally Financial in the third quarter valued at approximately $273,000. Korea Investment CORP boosted its position in shares of Ally Financial by 84.5% during the third quarter. Korea Investment CORP now owns 593,550 shares of the financial services provider’s stock worth $15,699,000 after purchasing an additional 271,927 shares in the last quarter. Credit Suisse AG boosted its position in shares of Ally Financial by 0.6% during the third quarter. Credit Suisse AG now owns 677,366 shares of the financial services provider’s stock worth $17,915,000 after purchasing an additional 4,070 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Ally Financial by 20.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 424,005 shares of the financial services provider’s stock worth $11,477,000 after purchasing an additional 73,294 shares in the last quarter. Finally, CIBC World Markets Inc. boosted its position in shares of Ally Financial by 36.8% during the third quarter. CIBC World Markets Inc. now owns 163,861 shares of the financial services provider’s stock worth $4,334,000 after purchasing an additional 44,102 shares in the last quarter. 98.90% of the stock is owned by institutional investors.
ALLY opened at $24.76 on Friday. The firm has a market capitalization of $10.37 billion, a P/E ratio of 10.36, a P/E/G ratio of 0.61 and a beta of 1.23. Ally Financial Inc has a 12 month low of $23.69 and a 12 month high of $31.29. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 3.48.
Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Ally Financial had a net margin of 16.87% and a return on equity of 10.25%. As a group, equities analysts forecast that Ally Financial Inc will post 3.24 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, November 1st were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, October 31st. This represents a $0.60 annualized dividend and a yield of 2.42%. Ally Financial’s dividend payout ratio is currently 25.10%.
In related news, CAO David J. Debrunner sold 25,000 shares of the business’s stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $26.35, for a total value of $658,750.00. Following the sale, the chief accounting officer now directly owns 102,155 shares of the company’s stock, valued at approximately $2,691,784.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.15% of the company’s stock.
A number of equities analysts have recently weighed in on ALLY shares. Zacks Investment Research cut shares of Ally Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 11th. Oppenheimer set a $35.00 price target on shares of Ally Financial and gave the stock a “buy” rating in a research report on Thursday, October 4th. Nomura reduced their price target on shares of Ally Financial from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, October 26th. ValuEngine cut shares of Ally Financial from a “hold” rating to a “sell” rating in a research report on Saturday, October 27th. Finally, Piper Jaffray Companies set a $34.00 price target on shares of Ally Financial and gave the stock a “buy” rating in a research report on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $32.53.
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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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