Vanguard Group Inc. lowered its position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 0.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,156,929 shares of the financial services provider's stock after selling 95,220 shares during the period. Vanguard Group Inc. owned about 9.17% of Ally Financial worth $1,026,883,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in ALLY. Jacobs Levy Equity Management Inc. boosted its position in Ally Financial by 84.0% during the fourth 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 purchasing an additional 1,918,965 shares in the last quarter. Janus Henderson Group PLC boosted its position in Ally Financial by 6,226.4% during the fourth quarter. Janus Henderson Group PLC now owns 1,368,654 shares of the financial services provider's stock valued at $49,285,000 after purchasing an additional 1,347,020 shares in the last quarter. First Trust Advisors LP boosted its position in Ally Financial by 41.4% during the fourth quarter. First Trust Advisors LP now owns 3,458,352 shares of the financial services provider's stock valued at $124,535,000 after purchasing an additional 1,011,985 shares in the last quarter. Northern Trust Corp boosted its holdings 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 worth $141,932,000 after acquiring an additional 863,052 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in Ally Financial by 105.1% in the fourth quarter. Deutsche Bank AG now owns 1,316,415 shares of the financial services provider's stock worth $47,404,000 after acquiring an additional 674,464 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company's stock.
Ally Financial Trading Up 0.2%
NYSE ALLY traded up $0.06 on Friday, reaching $38.95. 1,396,738 shares of the company were exchanged, compared to its average volume of 3,933,553. The business's fifty day moving average price is $38.44 and its 200 day moving average price is $36.29. The stock has a market capitalization of $11.99 billion, a P/E ratio of 25.29, a price-to-earnings-growth ratio of 0.30 and a beta of 1.16. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.30. Ally Financial Inc. has a fifty-two week low of $29.52 and a fifty-two week high of $43.86.
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 analysts' consensus estimates of $0.78 by $0.21. The company 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 firm's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 earnings per share. Analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current year.
Ally Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, August 1st. Ally Financial's dividend payout ratio is 77.92%.
Wall Street Analyst Weigh In
ALLY has been the subject of several recent analyst reports. Wells Fargo & Company lowered their price target on Ally Financial from $34.00 to $32.00 and set an "underweight" rating for the company in a report on Monday, April 21st. BTIG Research raised Ally Financial from a "sell" rating to a "neutral" rating in a report on Monday, July 14th. Morgan Stanley reaffirmed an "overweight" rating and set a $47.00 target price (up previously from $39.00) on shares of Ally Financial in a report on Thursday, July 10th. Truist Financial lifted their target price on Ally Financial from $44.00 to $45.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. boosted their price target on Ally Financial from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Monday, July 21st. One 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $42.80.
Check Out Our Latest Report on Ally Financial
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.
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