BlackRock Inc. boosted its holdings in shares of Ally Financial Inc (NYSE:ALLY) by 1.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,969,282 shares of the financial services provider’s stock after acquiring an additional 360,987 shares during the period. BlackRock Inc. owned 7.16% of Ally Financial worth $866,768,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in ALLY. ETRADE Capital Management LLC grew its stake in shares of Ally Financial by 1.8% in the 2nd quarter. ETRADE Capital Management LLC now owns 21,273 shares of the financial services provider’s stock valued at $659,000 after buying an additional 370 shares during the period. Barnett & Company Inc. lifted its holdings in shares of Ally Financial by 1.1% in the 2nd quarter. Barnett & Company Inc. now owns 38,200 shares of the financial services provider’s stock worth $1,184,000 after acquiring an additional 400 shares during the last quarter. BB&T Securities LLC lifted its holdings in shares of Ally Financial by 0.5% in the 2nd quarter. BB&T Securities LLC now owns 77,863 shares of the financial services provider’s stock worth $2,412,000 after acquiring an additional 413 shares during the last quarter. First Hawaiian Bank lifted its holdings in shares of Ally Financial by 2.8% in the 2nd quarter. First Hawaiian Bank now owns 22,398 shares of the financial services provider’s stock worth $694,000 after acquiring an additional 618 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its holdings in shares of Ally Financial by 14.4% in the 2nd quarter. Raymond James Trust N.A. now owns 8,723 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 1,097 shares during the last quarter. 96.14% of the stock is owned by institutional investors.
In other Ally Financial news, CAO David J. Debrunner sold 2,222 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $30.90, for a total transaction of $68,659.80. Following the sale, the chief accounting officer now directly owns 96,869 shares in the company, valued at approximately $2,993,252.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders have sold 6,666 shares of company stock worth $212,134. 0.35% of the stock is owned by company insiders.
Several equities analysts have recently commented on the stock. Piper Jaffray Companies set a $41.00 price objective on shares of Ally Financial and gave the stock a “buy” rating in a report on Tuesday, September 10th. Stephens upgraded shares of Ally Financial from an “equal” rating to a “weight” rating and upped their price objective for the stock from $37.00 to $44.00 in a report on Monday, September 9th. ValuEngine lowered shares of Ally Financial from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. lowered shares of Ally Financial from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $35.00 to $33.00 in a report on Tuesday, October 8th. Finally, Wells Fargo & Co restated a “buy” rating on shares of Ally Financial in a report on Sunday, July 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. Ally Financial presently has an average rating of “Hold” and a consensus target price of $36.58.
Ally Financial stock opened at $31.56 on Friday. The firm has a market cap of $12.70 billion, a PE ratio of 9.45, a price-to-earnings-growth ratio of 0.69 and a beta of 1.29. Ally Financial Inc has a 52-week low of $20.60 and a 52-week high of $35.42. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.62. The company’s 50 day moving average is $31.74 and its two-hundred day moving average is $31.20.
Ally Financial (NYSE:ALLY) last released its earnings results on Wednesday, October 16th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.03. The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.57 billion. Ally Financial had a net margin of 26.29% and a return on equity of 10.83%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.91 EPS. On average, equities research analysts anticipate that Ally Financial Inc will post 3.76 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.68 dividend on an annualized basis and a yield of 2.15%. Ally Financial’s dividend payout ratio (DPR) is presently 20.36%.
Ally Financial Profile
Ally Financial Inc provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
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