BB&T Securities LLC lessened its holdings in shares of Ally Financial Inc (NYSE:ALLY) by 5.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,375 shares of the financial services provider’s stock after selling 6,805 shares during the quarter. BB&T Securities LLC’s holdings in Ally Financial were worth $2,501,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Renaissance Technologies LLC purchased a new stake in shares of Ally Financial in the second quarter valued at $1,647,000. Schroder Investment Management Group raised its position in shares of Ally Financial by 282.0% during the 2nd quarter. Schroder Investment Management Group now owns 56,037 shares of the financial services provider’s stock valued at $1,441,000 after buying an additional 41,366 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Ally Financial by 32.7% in the third quarter. Bank of Montreal Can now owns 191,949 shares of the financial services provider’s stock worth $5,077,000 after acquiring an additional 47,333 shares during the period. First Hawaiian Bank bought a new position in shares of Ally Financial in the third quarter worth about $268,000. Finally, Nisa Investment Advisors LLC grew its stake in Ally Financial by 47.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 116,001 shares of the financial services provider’s stock valued at $3,068,000 after acquiring an additional 37,308 shares during the period. Institutional investors and hedge funds own 99.19% of the company’s stock.
ALLY has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised Ally Financial from a “neutral” rating to an “overweight” rating in a report on Thursday, December 20th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 14th. BTIG Research boosted their price target on Ally Financial to $32.00 and gave the company a “buy” rating in a report on Wednesday, January 23rd. ValuEngine lowered Ally Financial from a “hold” rating to a “sell” rating in a research report on Saturday, October 27th. Finally, Barclays decreased their price objective on shares of Ally Financial from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Wednesday, January 2nd. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $31.86.
In related news, Director Michael F. Steib bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The shares were acquired at an average cost of $26.47 per share, with a total value of $52,940.00. Following the completion of the transaction, the director now owns 29,027 shares of the company’s stock, valued at $768,344.69. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO David J. Debrunner sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $26.35, for a total transaction of $658,750.00. Following the completion of the sale, the chief accounting officer now owns 102,155 shares in the company, valued at $2,691,784.25. The disclosure for this sale can be found here. 0.19% of the stock is owned by company insiders.
ALLY opened at $26.81 on Thursday. Ally Financial Inc has a twelve month low of $20.60 and a twelve month high of $29.02. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $10.91 billion, a P/E ratio of 8.03, a P/E/G ratio of 0.59 and a beta of 1.36.
Ally Financial (NYSE:ALLY) last announced its earnings results on Wednesday, January 30th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.10. Ally Financial had a net margin of 21.76% and a return on equity of 10.87%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the prior year, the company earned $0.70 EPS. The business’s revenue was down 2.4% compared to the same quarter last year. Equities analysts expect that Ally Financial Inc will post 3.56 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Friday, February 1st will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date is Thursday, January 31st. This is a positive change from Ally Financial’s previous quarterly dividend of $0.15. Ally Financial’s payout ratio is 20.36%.
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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