Victory Capital Management Inc. raised its position in Ally Financial Inc (NYSE:ALLY) by 41.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,626,361 shares of the financial services provider’s stock after purchasing an additional 473,031 shares during the quarter. Victory Capital Management Inc. owned 0.39% of Ally Financial worth $43,018,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALLY. LPL Financial LLC grew its stake in Ally Financial by 20.2% in the 1st quarter. LPL Financial LLC now owns 17,984 shares of the financial services provider’s stock valued at $488,000 after acquiring an additional 3,019 shares during the period. IFM Investors Pty Ltd grew its stake in Ally Financial by 34.1% in the 2nd quarter. IFM Investors Pty Ltd now owns 23,125 shares of the financial services provider’s stock valued at $607,000 after acquiring an additional 5,881 shares during the period. Fisher Asset Management LLC acquired a new stake in Ally Financial in the 2nd quarter valued at $794,000. State of Alaska Department of Revenue grew its stake in Ally Financial by 13.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 85,070 shares of the financial services provider’s stock valued at $2,234,000 after acquiring an additional 9,840 shares during the period. Finally, BLB&B Advisors LLC grew its stake in Ally Financial by 36.7% in the 2nd quarter. BLB&B Advisors LLC now owns 10,700 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 2,875 shares during the period. 98.73% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ALLY opened at $25.76 on Friday. Ally Financial Inc has a 52-week low of $23.69 and a 52-week high of $31.29. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $10.82 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 0.64 and a beta of 1.23.
Ally Financial (NYSE:ALLY) last announced its earnings results on Thursday, October 25th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. Ally Financial had a net margin of 16.87% and a return on equity of 10.25%. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. As a group, analysts forecast that Ally Financial Inc will post 3.24 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $0.60 annualized dividend and a dividend yield of 2.33%. Ally Financial’s payout ratio is 25.10%.
A number of research firms recently issued reports on ALLY. TheStreet raised shares of Ally Financial from a “c+” rating to a “b-” rating in a research note on Thursday, July 19th. Zacks Investment Research cut shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. Stephens reissued a “hold” rating and issued a $32.00 price target on shares of Ally Financial in a research note on Friday, July 27th. Bank of America raised shares of Ally Financial from a “neutral” rating to a “buy” rating and lifted their price target for the company from $33.00 to $35.00 in a research note on Monday, July 30th. Finally, Oppenheimer set a $35.00 target price on shares of Ally Financial and gave the stock a “buy” rating in a research note on Thursday, October 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $32.72.
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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