Epoch Investment Partners Inc. purchased a new stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 19,929 shares of the financial services provider's stock, valued at approximately $727,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Ceredex Value Advisors LLC bought a new position in Ally Financial in the 1st quarter worth about $12,708,000. Causeway Capital Management LLC boosted its holdings in Ally Financial by 53.9% during the 1st quarter. Causeway Capital Management LLC now owns 651,383 shares of the financial services provider's stock valued at $23,756,000 after acquiring an additional 228,019 shares during the period. MetLife Investment Management LLC boosted its holdings in Ally Financial by 70.4% during the 1st quarter. MetLife Investment Management LLC now owns 266,284 shares of the financial services provider's stock valued at $9,711,000 after acquiring an additional 110,042 shares during the period. Quantitative Investment Management LLC purchased a new stake in Ally Financial during the 1st quarter valued at about $533,000. Finally, SVB Wealth LLC purchased a new stake in Ally Financial during the 1st quarter valued at about $27,000. 88.76% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. Wall Street Zen upgraded Ally Financial from a "sell" rating to a "hold" rating in a report on Friday, May 23rd. Citigroup restated a "buy" rating and set a $59.00 target price (up from $55.00) on shares of Ally Financial in a report on Wednesday, July 2nd. Morgan Stanley restated an "overweight" rating and set a $47.00 target price (up from $39.00) on shares of Ally Financial in a report on Thursday, July 10th. JPMorgan Chase & Co. increased their target price on Ally Financial from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Finally, BTIG Research upgraded Ally Financial from a "sell" rating to a "neutral" rating in a report on Monday, July 14th. Nine equities 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 company's stock. According to MarketBeat.com, Ally Financial presently has a consensus rating of "Hold" and a consensus target price of $42.80.
View Our Latest Report on Ally Financial
Ally Financial Trading Down 0.0%
NYSE ALLY traded down $0.00 on Monday, hitting $41.05. The company's stock had a trading volume of 2,233,072 shares, compared to its average volume of 2,528,210. Ally Financial Inc. has a 52-week low of $29.52 and a 52-week high of $43.22. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.30. The company's 50-day simple moving average is $39.13 and its 200 day simple moving average is $36.37. The firm has a market cap of $12.63 billion, a P/E ratio of 26.65, a PEG ratio of 0.32 and a beta of 1.13.
Ally Financial (NYSE:ALLY - Get Free Report) last released its earnings results on Friday, July 18th. The financial services provider reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.21. The company had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.03 billion. Ally Financial had a return on equity of 9.48% and a net margin of 7.64%.The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 EPS. Research analysts predict that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.
Ally Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, August 1st. Ally Financial's dividend payout ratio (DPR) is presently 77.92%.
Ally Financial Company 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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