BNP Paribas Financial Markets grew its stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 75.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 277,099 shares of the financial services provider's stock after purchasing an additional 118,769 shares during the period. BNP Paribas Financial Markets owned approximately 0.09% of Ally Financial worth $9,862,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Virtu Financial LLC bought a new position in Ally Financial in the first quarter worth approximately $222,000. GAMMA Investing LLC grew its position in Ally Financial by 42.1% in the 2nd quarter. GAMMA Investing LLC now owns 3,070 shares of the financial services provider's stock valued at $122,000 after purchasing an additional 909 shares during the period. DNB Asset Management AS increased its stake in Ally Financial by 22.7% during the 2nd quarter. DNB Asset Management AS now owns 46,707 shares of the financial services provider's stock valued at $1,853,000 after purchasing an additional 8,653 shares in the last quarter. Versant Capital Management Inc raised its holdings in Ally Financial by 39.7% during the second quarter. Versant Capital Management Inc now owns 1,630 shares of the financial services provider's stock worth $65,000 after buying an additional 463 shares during the last quarter. Finally, Fulton Bank N.A. acquired a new position in Ally Financial during the second quarter worth $689,000. Institutional investors own 88.76% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on ALLY shares. Citigroup boosted their target price 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. Morgan Stanley dropped their target price on Ally Financial from $45.00 to $41.00 and set an "overweight" rating on the stock in a report on Monday, October 21st. Keefe, Bruyette & Woods decreased their price target on Ally Financial from $50.00 to $44.00 and set an "outperform" rating for the company in a report on Monday, September 16th. Bank of America lowered their price target on Ally Financial from $46.00 to $37.00 and set a "buy" rating for the company in a research report on Wednesday, September 11th. Finally, Raymond James raised shares of Ally Financial from an "underperform" rating to a "market perform" rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $40.80.
Check Out Our Latest Stock Report on Ally Financial
Ally Financial Stock Performance
Ally Financial stock traded down $0.77 during trading on Monday, hitting $39.21. The stock had a trading volume of 3,771,021 shares, compared to its average volume of 3,471,009. The stock's 50 day moving average is $35.90 and its two-hundred day moving average is $38.62. Ally Financial Inc. has a 1 year low of $29.05 and a 1 year high of $45.46. The stock has a market cap of $11.95 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 0.47 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.
Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.38. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. As a group, analysts predict that Ally Financial Inc. will post 3 EPS for the current year.
Ally Financial Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend was Friday, November 1st. Ally Financial's dividend payout ratio (DPR) is currently 48.00%.
Ally Financial Company 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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