Crossmark Global Holdings Inc. lifted its position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 220.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,681 shares of the financial services provider's stock after acquiring an additional 39,000 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Ally Financial were worth $2,018,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in Ally Financial by 510.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider's stock worth $25,000 after purchasing an additional 526 shares in the last quarter. Transcendent Capital Group LLC bought a new position in Ally Financial during the 1st quarter worth approximately $28,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Ally Financial in the second quarter worth $41,000. Hobbs Group Advisors LLC acquired a new stake in shares of Ally Financial during the 2nd quarter worth about $52,000. Finally, First Community Trust NA acquired a new stake in Ally Financial during the second quarter worth approximately $53,000. Hedge funds and other institutional investors own 88.76% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. 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 research report on Monday, September 16th. BTIG Research lowered shares of Ally Financial from a "buy" rating to a "neutral" rating in a research note on Monday, September 16th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $40.00 target price on shares of Ally Financial in a report on Monday, October 21st. Bank of America dropped their target price 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, Wells Fargo & Company reduced their target price on shares of Ally Financial from $37.00 to $32.00 and set an "underweight" rating for the company in a research note on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, Ally Financial currently has a consensus rating of "Hold" and a consensus target price of $40.38.
Read Our Latest Analysis on Ally Financial
Ally Financial Price Performance
NYSE:ALLY traded down $0.08 during trading hours on Wednesday, hitting $36.58. The company's stock had a trading volume of 2,181,833 shares, compared to its average volume of 3,483,340. The company has a market capitalization of $11.15 billion, a P/E ratio of 14.72, a PEG ratio of 0.44 and a beta of 1.40. The stock has a fifty day simple moving average of $35.40 and a 200-day simple moving average of $38.80. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.92 and a quick ratio of 0.92. Ally Financial Inc. has a twelve month low of $26.43 and a twelve month high of $45.46.
Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, beating 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 analyst estimates of $2.03 billion. During the same quarter in the prior year, the company posted $0.83 EPS. Ally Financial's quarterly revenue was up 6.9% compared to the same quarter last year. On average, analysts anticipate that Ally Financial Inc. will post 3 EPS for the current fiscal year.
Ally Financial Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.30 dividend. The ex-dividend date is Friday, November 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.28%. Ally Financial's payout ratio 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.
Featured Stories
Before you consider Ally Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ally Financial wasn't on the list.
While Ally Financial currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
