NYSE:ALLY - Free Report ) by 79.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,228 shares of the financial services provider's stock after selling 40,062 shares during the period. International Assets Investment Management LLC's holdings in Ally Financial were worth $3,570,000 at the end of the most recent quarter.
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Several other institutional investors have also added to or reduced their stakes in the business. Northern Trust Corp lifted its holdings in shares of Ally Financial by 34.2% in the 3rd quarter. Northern Trust Corp now owns 3,122,515 shares of the financial services provider's stock valued at $83,309,000 after acquiring an additional 795,754 shares during the last quarter. Private Management Group Inc. raised its stake in shares of Ally Financial by 9.4% in the third quarter. Private Management Group Inc. now owns 819,136 shares of the financial services provider's stock valued at $21,855,000 after acquiring an additional 70,615 shares during the period. ING Groep NV bought a new stake in shares of Ally Financial in the 3rd quarter worth about $4,336,000. Sherbrooke Park Advisers LLC purchased a new position in shares of Ally Financial during the 3rd quarter worth about $724,000. Finally, Nordea Investment Management AB raised its position in Ally Financial by 8.1% in the 4th quarter. Nordea Investment Management AB now owns 23,442 shares of the financial services provider's stock worth $816,000 after purchasing an additional 1,755 shares during the period. 88.76% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades ALLY has been the topic of several research analyst reports. JPMorgan Chase & Co. downgraded Ally Financial from a "neutral" rating to an "underweight" rating and upped their price objective for the company from $37.00 to $39.00 in a research report on Wednesday, April 3rd. TD Cowen raised their target price on shares of Ally Financial from $42.00 to $43.00 and gave the company a "hold" rating in a research report on Friday, April 19th. StockNews.com upgraded Ally Financial from a "sell" rating to a "hold" rating in a research note on Friday, April 26th. Morgan Stanley upgraded Ally Financial from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $37.00 to $47.00 in a research note on Thursday, February 8th. Finally, Wells Fargo & Company raised their price target on shares of Ally Financial from $29.00 to $33.00 and gave the company an "underweight" rating in a report on Wednesday, April 10th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Ally Financial has a consensus rating of "Hold" and an average target price of $38.47.
Read Our Latest Stock Analysis on Ally Financial
Ally Financial Stock Performance Ally Financial stock traded down $0.35 during mid-day trading on Friday, reaching $39.40. 1,334,046 shares of the company were exchanged, compared to its average volume of 3,805,226. The firm has a market cap of $11.98 billion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 0.57 and a beta of 1.39. The firm's 50-day simple moving average is $38.59 and its two-hundred day simple moving average is $34.41. Ally Financial Inc. has a twelve month low of $22.54 and a twelve month high of $41.56. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.92 and a current ratio of 0.92.
Ally Financial (NYSE:ALLY - Get Free Report ) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.12. Ally Financial had a return on equity of 8.35% and a net margin of 10.59%. The firm had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.96 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. Ally Financial's revenue was down 5.4% on a year-over-year basis. Equities analysts predict that Ally Financial Inc. will post 2.99 earnings per share for the current fiscal year.
Ally Financial Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.05%. The ex-dividend date is Tuesday, April 30th. Ally Financial's dividend payout ratio (DPR) is 48.98%.
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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