Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 130,225 shares of the financial services provider's stock, valued at approximately $4,635,000.
Several other institutional investors have also recently made changes to their positions in the company. CWM LLC raised its stake in shares of Ally Financial by 10.3% during the 2nd quarter. CWM LLC now owns 8,395 shares of the financial services provider's stock worth $333,000 after buying an additional 782 shares during the period. QRG Capital Management Inc. grew its position in shares of Ally Financial by 3.2% in the second quarter. QRG Capital Management Inc. now owns 102,236 shares of the financial services provider's stock valued at $4,056,000 after purchasing an additional 3,218 shares during the period. SG Americas Securities LLC increased its stake in shares of Ally Financial by 33.6% during the second quarter. SG Americas Securities LLC now owns 164,786 shares of the financial services provider's stock worth $6,537,000 after purchasing an additional 41,413 shares in the last quarter. Asset Management Advisors LLC raised its position in shares of Ally Financial by 1.2% during the 2nd quarter. Asset Management Advisors LLC now owns 165,599 shares of the financial services provider's stock worth $6,569,000 after purchasing an additional 1,889 shares during the last quarter. Finally, First Community Trust NA purchased a new position in Ally Financial in the 2nd quarter valued at about $53,000. 88.76% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. Morgan Stanley lowered their price target on Ally Financial from $45.00 to $41.00 and set an "overweight" rating on the stock in a research note on Monday, October 21st. JPMorgan Chase & Co. raised shares of Ally Financial from a "neutral" rating to an "overweight" rating and lowered their target price for the stock from $46.00 to $40.00 in a research note on Monday, October 7th. StockNews.com raised shares of Ally Financial from a "sell" rating to a "hold" rating in a research note on Saturday, October 19th. BTIG Research cut shares of Ally Financial from a "buy" rating to a "neutral" rating in a research note on Monday, September 16th. Finally, Bank of America decreased their target price on shares of Ally Financial from $46.00 to $37.00 and set a "buy" rating on the stock in a research note on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Ally Financial has a consensus rating of "Hold" and an average price target of $40.80.
Check Out Our Latest Research Report on Ally Financial
Ally Financial Stock Up 0.5 %
ALLY stock traded up $0.18 during midday trading on Friday, hitting $38.55. The company's stock had a trading volume of 3,275,340 shares, compared to its average volume of 3,456,556. Ally Financial Inc. has a 52-week low of $29.05 and a 52-week high of $45.46. The firm has a 50-day simple moving average of $36.26 and a 200-day simple moving average of $38.61. 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 firm has a market capitalization of $11.75 billion, a P/E ratio of 15.35, a PEG ratio of 0.47 and a beta of 1.42.
Ally Financial (NYSE:ALLY - Get Free Report) last issued 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. The company 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%. Ally Financial's revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.83 EPS. As a group, equities analysts forecast that Ally Financial Inc. will post 3 EPS for the current year.
Ally Financial Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.11%. 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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