Concentric Capital Strategies LP purchased a new stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 40,505 shares of the financial services provider's stock, valued at approximately $1,442,000.
A number of other institutional investors and hedge funds also recently modified their holdings of ALLY. Virtu Financial LLC purchased a new stake in Ally Financial in the first quarter worth $222,000. GAMMA Investing LLC increased its position in Ally Financial by 42.1% in the second quarter. GAMMA Investing LLC now owns 3,070 shares of the financial services provider's stock worth $122,000 after buying an additional 909 shares during the last quarter. DNB Asset Management AS increased its position in Ally Financial by 22.7% in the second quarter. DNB Asset Management AS now owns 46,707 shares of the financial services provider's stock worth $1,853,000 after buying an additional 8,653 shares during the last quarter. Fulton Bank N.A. purchased a new stake in Ally Financial in the second quarter worth $689,000. Finally, CWM LLC boosted its holdings in shares of Ally Financial by 10.3% in the second quarter. CWM LLC now owns 8,395 shares of the financial services provider's stock worth $333,000 after acquiring an additional 782 shares during the period. 88.76% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms have recently commented on ALLY. BTIG Research lowered Ally Financial from a "buy" rating to a "neutral" rating in a report on Monday, September 16th. StockNews.com raised Ally Financial from a "sell" rating to a "hold" rating in a report on Saturday, October 19th. TD Cowen cut their price target on Ally Financial from $45.00 to $37.00 and set a "hold" rating for the company in a report on Monday, September 23rd. Evercore ISI cut their price target on Ally Financial from $47.00 to $38.00 and set an "in-line" rating for the company in a report on Monday, October 7th. Finally, Barclays cut their price target on Ally Financial from $44.00 to $36.00 and set an "equal weight" rating for the company in a report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Ally Financial presently has an average rating of "Hold" and an average target price of $40.80.
View Our Latest Analysis on Ally Financial
Ally Financial Price Performance
NYSE ALLY traded down $0.09 during trading hours on Tuesday, reaching $39.11. 882,320 shares of the stock traded hands, compared to its average volume of 3,460,101. The stock has a 50 day simple moving average of $36.00 and a two-hundred day simple moving average of $38.61. Ally Financial Inc. has a 1 year low of $29.05 and a 1 year high of $45.46. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $11.92 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 0.47 and a beta of 1.42.
Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.57 by $0.38. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The company's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 earnings per share. On average, analysts predict that Ally Financial Inc. will post 3 EPS for the current fiscal year.
Ally Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $0.30 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.07%. Ally Financial's dividend payout ratio is currently 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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