Ally Financial Inc. (ALLY) is Feinberg Stephen’s Largest Position

Feinberg Stephen continued to hold its stake in Ally Financial Inc. (NYSE:ALLY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,116,297 shares of the company’s stock at the end of the third quarter. Ally Financial accounts for approximately 77.5% of Feinberg Stephen’s investment portfolio, making the stock its largest position. Feinberg Stephen owned approximately 5.03% of Ally Financial worth $469,544,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ALLY. Covalent Partners LLC raised its stake in shares of Ally Financial by 0.8% in the third quarter. Covalent Partners LLC now owns 590,057 shares of the company’s stock valued at $11,488,000 after buying an additional 4,611 shares during the period. UBS Oconnor LLC acquired a new stake in shares of Ally Financial during the third quarter valued at $1,186,000. Hsbc Holdings PLC raised its stake in shares of Ally Financial by 12.0% in the third quarter. Hsbc Holdings PLC now owns 295,885 shares of the company’s stock valued at $5,755,000 after buying an additional 31,783 shares during the period. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Ally Financial during the third quarter valued at $14,603,000. Finally, SECOR Capital Advisors LP acquired a new stake in shares of Ally Financial during the third quarter valued at $2,596,000. 97.96% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

Ally Financial Inc. (NYSE:ALLY) opened at 22.79 on Friday. The stock has a market capitalization of $10.93 billion, a P/E ratio of 10.60 and a beta of 1.37. Ally Financial Inc. has a 52 week low of $14.84 and a 52 week high of $22.88. The firm has a 50 day moving average price of $20.35 and a 200 day moving average price of $19.46.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Tuesday, January 31st. The company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.07. Ally Financial had a return on equity of 7.86% and a net margin of 16.34%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The company’s revenue was up 2.4% compared to the same quarter last year. Equities research analysts predict that Ally Financial Inc. will post $2.36 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Wednesday, February 1st will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Monday, January 30th. Ally Financial’s dividend payout ratio (DPR) is 14.88%.

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Several equities research analysts have recently weighed in on the company. TheStreet raised Ally Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, November 9th. Guggenheim reissued a “buy” rating on shares of Ally Financial in a research report on Sunday, December 4th. Morgan Stanley assumed coverage on Ally Financial in a research report on Tuesday, December 20th. They set an “equal weight” rating on the stock. Jefferies Group LLC reissued a “buy” rating and set a $28.00 target price on shares of Ally Financial in a research report on Wednesday, December 7th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Ally Financial in a research report on Sunday, January 8th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Ally Financial currently has a consensus rating of “Buy” and an average target price of $25.38.

About Ally Financial

Ally Financial Inc is a financial holding company and a bank holding company. The Company’s banking subsidiary, Ally Bank, is a franchise in the Internet, telephone, mobile and mail banking market. The Company operates through three segments: Automotive Finance operations, Insurance operations and Mortgage operations.

5 Day Chart for NYSE:ALLY

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