Oak Thistle LLC bought a new stake in Ally Financial Inc. (NYSE:ALLY - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 30,882 shares of the financial services provider's stock, valued at approximately $1,112,000.
A number of other institutional investors have also recently made changes to their positions in the company. CIBC Asset Management Inc grew its position in shares of Ally Financial by 1.9% during the 3rd quarter. CIBC Asset Management Inc now owns 15,638 shares of the financial services provider's stock valued at $557,000 after purchasing an additional 293 shares in the last quarter. Maverick Capital Ltd. raised its holdings in shares of Ally Financial by 1.2% in the 3rd quarter. Maverick Capital Ltd. now owns 26,120 shares of the financial services provider's stock valued at $930,000 after acquiring an additional 299 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Ally Financial by 8.2% during the 3rd quarter. Blue Trust Inc. now owns 4,660 shares of the financial services provider's stock valued at $166,000 after acquiring an additional 352 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Ally Financial by 41.9% during the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider's stock worth $51,000 after purchasing an additional 421 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Ally Financial by 153.9% in the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider's stock worth $34,000 after purchasing an additional 577 shares during the last quarter. Hedge funds and other institutional investors own 88.76% of the company's stock.
Ally Financial Stock Up 5.0 %
ALLY stock traded up $1.77 on Wednesday, reaching $37.09. 2,819,240 shares of the company traded hands, compared to its average volume of 2,713,466. The firm has a fifty day simple moving average of $36.89 and a 200-day simple moving average of $38.02. The company has a market cap of $11.30 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 0.46 and a beta of 1.44. Ally Financial Inc. has a one year low of $31.77 and a one 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.
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 the consensus estimate of $0.57 by $0.38. The business had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.03 billion. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.83 earnings per share. Research analysts anticipate that Ally Financial Inc. will post 3 earnings per share for the current year.
Wall Street Analyst Weigh In
ALLY has been the subject of a number of research reports. Evercore ISI cut their price target on shares of Ally Financial from $47.00 to $38.00 and set an "in-line" rating for the company in a research note on Monday, October 7th. Wells Fargo & Company reduced their target price on Ally Financial from $37.00 to $32.00 and set an "underweight" rating on the stock in a research note on Thursday, September 26th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $40.00 price target on shares of Ally Financial in a research note on Monday, October 21st. Raymond James raised Ally Financial from an "underperform" rating to a "market perform" rating in a report on Monday, October 21st. Finally, TD Cowen cut their target price on Ally Financial from $45.00 to $37.00 and set a "hold" rating for the company in a research note on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $42.53.
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About Ally Financial
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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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