Ceredex Value Advisors LLC acquired a new stake in Ally Financial Inc. (NYSE:ALLY - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 348,450 shares of the financial services provider's stock, valued at approximately $12,708,000. Ceredex Value Advisors LLC owned about 0.11% of Ally Financial as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Wellington Management Group LLP bought a new position in shares of Ally Financial in the first quarter valued at about $253,881,000. Jacobs Levy Equity Management Inc. increased its position in Ally Financial by 84.0% in 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. Janus Henderson Group PLC raised its stake in shares of Ally Financial by 6,226.4% in the fourth quarter. Janus Henderson Group PLC now owns 1,368,654 shares of the financial services provider's stock worth $49,285,000 after acquiring an additional 1,347,020 shares during the last quarter. Northern Trust Corp lifted its position in shares of Ally Financial by 28.0% during the fourth quarter. Northern Trust Corp now owns 3,941,459 shares of the financial services provider's stock worth $141,932,000 after purchasing an additional 863,052 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Ally Financial by 105.1% during the fourth quarter. Deutsche Bank AG now owns 1,316,415 shares of the financial services provider's stock worth $47,404,000 after purchasing an additional 674,464 shares in the last quarter. Institutional investors own 88.76% of the company's stock.
Ally Financial Trading Down 0.0%
Shares of Ally Financial stock traded down $0.00 during trading on Monday, reaching $41.05. 2,233,072 shares of the company were exchanged, compared to its average volume of 2,528,210. The business has a 50-day moving average price of $39.13 and a 200-day moving average price of $36.37. The firm has a market capitalization of $12.63 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 0.32 and a beta of 1.13. 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 $43.22.
Ally Financial (NYSE:ALLY - Get Free Report) last released its earnings results on Friday, July 18th. The financial services provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.21. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a return on equity of 9.48% and a net margin of 7.64%.The company's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 earnings per share. Sell-side analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.
Ally Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a $0.30 dividend. The ex-dividend date was Friday, August 1st. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. Ally Financial's payout ratio is currently 77.92%.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on ALLY. BTIG Research upgraded shares of Ally Financial from a "sell" rating to a "neutral" rating in a research report on Monday, July 14th. Citigroup reissued a "buy" rating and issued a $59.00 target price (up from $55.00) on shares of Ally Financial in a research note on Wednesday, July 2nd. Morgan Stanley reaffirmed 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. Truist Financial raised their price target on Ally Financial from $44.00 to $45.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Ally Financial in a report on Monday, July 14th. Nine research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $42.80.
View Our Latest Stock Report on ALLY
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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