140 Summer Partners LP bought a new position in Ally Financial Inc. (NYSE:ALLY - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 537,800 shares of the financial services provider's stock, valued at approximately $19,140,000. Ally Financial accounts for 2.1% of 140 Summer Partners LP's investment portfolio, making the stock its 15th biggest holding. 140 Summer Partners LP owned approximately 0.18% of Ally Financial at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Ally Financial in the 3rd quarter valued at $2,089,000. Bridgewater Associates LP grew its stake in Ally Financial by 312.1% during the third quarter. Bridgewater Associates LP now owns 135,649 shares of the financial services provider's stock worth $4,828,000 after buying an additional 102,736 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Ally Financial by 75.0% during the third quarter. BNP Paribas Financial Markets now owns 277,099 shares of the financial services provider's stock worth $9,862,000 after buying an additional 118,769 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Ally Financial during the third quarter worth approximately $63,000. Finally, Quantbot Technologies LP bought a new position in shares of Ally Financial in the third quarter valued at approximately $4,130,000. Institutional investors and hedge funds own 88.76% of the company's stock.
Analyst Ratings Changes
ALLY has been the subject of a number of recent analyst reports. Bank of America dropped their price target on Ally Financial from $46.00 to $37.00 and set a "buy" rating for the company in a report on Wednesday, September 11th. Barclays decreased their target price on Ally Financial from $44.00 to $36.00 and set an "equal weight" rating on the stock in a report on Thursday, September 12th. Citigroup upped their price target on shares of Ally Financial from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Wells Fargo & Company decreased their price objective on shares of Ally Financial from $37.00 to $32.00 and set an "underweight" rating on the stock in a report on Thursday, September 26th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Ally Financial from $50.00 to $44.00 and set an "outperform" rating for the company in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $40.69.
Get Our Latest Stock Report on ALLY
Ally Financial Price Performance
Shares of NYSE:ALLY traded up $0.07 during trading on Thursday, hitting $39.49. 2,939,585 shares of the company were exchanged, compared to its average volume of 3,477,013. Ally Financial Inc. has a 1-year low of $26.50 and a 1-year high of $45.46. The company has a market capitalization of $12.03 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 0.46 and a beta of 1.40. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.36. The business's 50 day moving average is $35.70 and its 200-day moving average is $38.65.
Ally Financial (NYSE:ALLY - Get Free Report) last issued its earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.38. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The business had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts forecast that Ally Financial Inc. will post 3 earnings per share for the current year.
Ally Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.04%. Ally Financial's dividend payout ratio (DPR) is presently 48.00%.
Ally Financial Profile
(
Free Report)
Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
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