Janney Montgomery Scott LLC increased its holdings in shares of Ally Financial Inc (NYSE:ALLY) by 119.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,002 shares of the financial services provider’s stock after buying an additional 23,927 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Ally Financial were worth $1,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in ALLY. Toronto Dominion Bank raised its holdings in Ally Financial by 23.0% in the 2nd quarter. Toronto Dominion Bank now owns 5,714 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 1,070 shares during the period. Capital Management Associates NY acquired a new position in shares of Ally Financial during the third quarter valued at approximately $203,000. Crossmark Global Holdings Inc. acquired a new position in shares of Ally Financial during the third quarter valued at approximately $241,000. Twin Tree Management LP acquired a new position in shares of Ally Financial during the second quarter valued at approximately $215,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Ally Financial by 50.4% during the second quarter. Tower Research Capital LLC TRC now owns 10,455 shares of the financial services provider’s stock valued at $219,000 after acquiring an additional 3,505 shares during the last quarter.
Shares of Ally Financial Inc (ALLY) traded up $0.03 during mid-day trading on Friday, hitting $30.53. The company’s stock had a trading volume of 3,730,000 shares, compared to its average volume of 3,770,000. The stock has a market capitalization of $13,500.00, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 0.90 and a beta of 1.46. Ally Financial Inc has a 12 month low of $18.11 and a 12 month high of $30.65. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.21 and a current ratio of 1.21.
Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.08. Ally Financial had a return on equity of 7.72% and a net margin of 14.75%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the company posted $0.56 earnings per share. research analysts forecast that Ally Financial Inc will post 2.28 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on the company. Wells Fargo & Co assumed coverage on Ally Financial in a research report on Friday, December 1st. They issued an “outperform” rating and a $30.00 price target for the company. BidaskClub upgraded Ally Financial from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. ValuEngine upgraded Ally Financial from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 22nd. Barclays raised their price target on Ally Financial from $26.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Piper Jaffray Companies restated a “buy” rating on shares of Ally Financial in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $30.88.
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Ally Financial Company Profile
Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.
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