FSI Group LLC purchased a new stake in shares of Ally Financial Inc (NYSE:ALLY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 125,000 shares of the financial services provider’s stock, valued at approximately $3,645,000. Ally Financial accounts for approximately 3.0% of FSI Group LLC’s portfolio, making the stock its 14th biggest holding.
Several other institutional investors and hedge funds have also recently made changes to their positions in ALLY. JPMorgan Chase & Co. raised its position in Ally Financial by 7.2% in the third quarter. JPMorgan Chase & Co. now owns 18,536,031 shares of the financial services provider’s stock worth $442,825,000 after acquiring an additional 1,251,678 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Ally Financial by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,683,736 shares of the financial services provider’s stock worth $210,668,000 after buying an additional 114,270 shares during the period. King Street Capital Management L.P. raised its holdings in Ally Financial by 40.5% during the 3rd quarter. King Street Capital Management L.P. now owns 6,933,000 shares of the financial services provider’s stock worth $168,195,000 after buying an additional 2,000,000 shares during the period. Dimensional Fund Advisors LP raised its holdings in Ally Financial by 2.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,814,886 shares of the financial services provider’s stock worth $165,315,000 after buying an additional 176,020 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in Ally Financial by 13.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,993,000 shares of the financial services provider’s stock valued at $145,390,000 after acquiring an additional 717,100 shares in the last quarter.
Several research firms have weighed in on ALLY. Wells Fargo & Co began coverage on Ally Financial in a research note on Friday, December 1st. They set an “outperform” rating and a $30.00 target price on the stock. Oppenheimer set a $38.00 target price on Ally Financial and gave the stock a “buy” rating in a report on Tuesday, January 30th. Sandler O’Neill restated a “hold” rating on shares of Ally Financial in a report on Monday, January 22nd. Barclays upped their price target on Ally Financial from $26.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Finally, Morgan Stanley upped their target price on Ally Financial from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Ally Financial has an average rating of “Buy” and an average target price of $32.56.
Ally Financial Inc (NYSE:ALLY) traded up $0.20 during trading hours on Friday, hitting $28.09. The company had a trading volume of 1,488,368 shares, compared to its average volume of 3,534,769. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $12,351.86, a P/E ratio of 13.70, a PEG ratio of 0.74 and a beta of 1.39. Ally Financial Inc has a fifty-two week low of $18.11 and a fifty-two week high of $31.29.
Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.11. Ally Financial had a return on equity of 8.10% and a net margin of 13.73%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the company earned $0.54 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. research analysts anticipate that Ally Financial Inc will post 3.02 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were paid a dividend of $0.13 per share. This is an increase from Ally Financial’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Wednesday, January 31st. Ally Financial’s payout ratio is currently 25.37%.
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Ally Financial 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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