Burney Co. trimmed its position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 49.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,210 shares of the financial services provider's stock after selling 7,163 shares during the period. Burney Co.'s holdings in Ally Financial were worth $263,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Ally Financial by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 28,252,149 shares of the financial services provider's stock worth $1,017,360,000 after purchasing an additional 111,231 shares during the period. Geode Capital Management LLC raised its stake in shares of Ally Financial by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 4,895,467 shares of the financial services provider's stock valued at $175,990,000 after buying an additional 184,278 shares in the last quarter. First Manhattan CO. LLC. lifted its holdings in shares of Ally Financial by 4.8% during the 4th quarter. First Manhattan CO. LLC. now owns 4,226,639 shares of the financial services provider's stock worth $153,752,000 after acquiring an additional 192,295 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of Ally Financial by 84.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 4,202,179 shares of the financial services provider's stock valued at $151,320,000 after acquiring an additional 1,918,965 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Ally Financial by 28.0% in the fourth quarter. Northern Trust Corp now owns 3,941,459 shares of the financial services provider's stock valued at $141,932,000 after acquiring an additional 863,052 shares during the period. Institutional investors and hedge funds own 88.76% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have commented on the stock. Morgan Stanley restated an "overweight" rating and set a $47.00 price target (up previously from $39.00) on shares of Ally Financial in a research note on Thursday, July 10th. BTIG Research upgraded Ally Financial from a "sell" rating to a "neutral" rating in a research report on Monday, July 14th. Bank of America lowered their price target on Ally Financial from $42.00 to $38.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Wells Fargo & Company dropped their price objective on Ally Financial from $34.00 to $32.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Finally, The Goldman Sachs Group boosted their target price on shares of Ally Financial from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $42.80.
Get Our Latest Analysis on ALLY
Insider Buying and Selling at Ally Financial
In related news, insider Stephanie N. Richard sold 8,000 shares of the stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total transaction of $257,120.00. Following the completion of the sale, the insider directly owned 90,387 shares of the company's stock, valued at approximately $2,905,038.18. This represents a 8.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.67% of the stock is owned by company insiders.
Ally Financial Stock Performance
ALLY stock opened at $38.54 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.30. Ally Financial Inc. has a twelve month low of $29.52 and a twelve month high of $45.46. The business's fifty day moving average is $37.60 and its 200-day moving average is $36.22. The company has a market cap of $11.84 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 0.30 and a beta of 1.15.
Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings data on Friday, July 18th. The financial services provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.21. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a net margin of 7.64% and a return on equity of 9.48%. Ally Financial's quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 EPS. Equities research analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current year.
Ally Financial Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a $0.30 dividend. The ex-dividend date is Friday, August 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.11%. Ally Financial's dividend payout ratio (DPR) is currently 77.92%.
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.
See Also
Want to see what other hedge funds are holding ALLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ally Financial Inc. (NYSE:ALLY - Free Report).
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