Sumitomo Mitsui Trust Group Inc. increased its holdings in Ally Financial Inc. (NYSE:ALLY - Free Report) by 9.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 632,171 shares of the financial services provider's stock after purchasing an additional 53,727 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.21% of Ally Financial worth $22,499,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in ALLY. US Bancorp DE increased its holdings in shares of Ally Financial by 5.1% in the first quarter. US Bancorp DE now owns 16,297 shares of the financial services provider's stock worth $661,000 after purchasing an additional 793 shares during the last quarter. Blair William & Co. IL raised its holdings in shares of Ally Financial by 107.0% during the 1st quarter. Blair William & Co. IL now owns 20,019 shares of the financial services provider's stock worth $813,000 after acquiring an additional 10,350 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in shares of Ally Financial during the 1st quarter valued at approximately $511,000. Intech Investment Management LLC grew its holdings in shares of Ally Financial by 54.0% in the first quarter. Intech Investment Management LLC now owns 10,614 shares of the financial services provider's stock valued at $431,000 after purchasing an additional 3,720 shares in the last quarter. Finally, Jacobi Capital Management LLC bought a new stake in Ally Financial in the first quarter worth $213,000. 88.76% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on ALLY shares. Bank of America decreased their price target 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. StockNews.com raised shares of Ally Financial from a "sell" rating to a "hold" rating in a report on Saturday, October 19th. Wells Fargo & Company lowered their price target on shares of Ally Financial from $37.00 to $32.00 and set an "underweight" rating for the company in a report on Thursday, September 26th. BTIG Research downgraded shares of Ally Financial from a "buy" rating to a "neutral" rating in a report on Monday, September 16th. Finally, Barclays lowered their price target on shares of 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 equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Ally Financial presently has an average rating of "Hold" and a consensus price target of $40.69.
Check Out Our Latest Research Report on ALLY
Ally Financial Stock Down 1.4 %
Shares of NYSE ALLY traded down $0.52 during midday trading on Monday, reaching $35.70. 2,958,592 shares of the company's stock traded hands, compared to its average volume of 3,482,280. 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 stock's 50 day simple moving average is $35.14 and its 200-day simple moving average is $38.75. Ally Financial Inc. has a one year low of $26.50 and a one year high of $45.46. The company has a market cap of $10.88 billion, a price-to-earnings ratio of 14.34, a P/E/G ratio of 0.43 and a beta of 1.40.
Ally Financial (NYSE:ALLY - Get Free Report) last announced its earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.38. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. Ally Financial's revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm 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 Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 annualized dividend and a yield of 3.36%. Ally Financial's dividend payout ratio (DPR) is 48.00%.
About Ally Financial
(
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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