First Heartland Consultants Inc. boosted its position in shares of Ally Financial Inc. (NYSE:ALLY) by 1.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,500 shares of the company’s stock after buying an additional 500 shares during the period. First Heartland Consultants Inc.’s holdings in Ally Financial were worth $964,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of ALLY. Investec Asset Management North America Inc. raised its position in Ally Financial by 26.2% in the second quarter. Investec Asset Management North America Inc. now owns 535,174 shares of the company’s stock worth $9,135,000 after buying an additional 111,158 shares during the last quarter. Price Michael F raised its stake in Ally Financial by 136.9% in the second quarter. Price Michael F now owns 644,500 shares of the company’s stock valued at $11,002,000 after buying an additional 372,500 shares during the period. Snow Capital Management LP raised its stake in Ally Financial by 14.4% in the second quarter. Snow Capital Management LP now owns 2,088,521 shares of the company’s stock valued at $35,651,000 after buying an additional 262,138 shares during the period. Harris Associates L P raised its stake in Ally Financial by 0.4% in the second quarter. Harris Associates L P now owns 23,512,030 shares of the company’s stock valued at $401,350,000 after buying an additional 102,280 shares during the period. Finally, First Pacific Advisors LLC raised its stake in Ally Financial by 305.8% in the second quarter. First Pacific Advisors LLC now owns 10,769,760 shares of the company’s stock valued at $183,840,000 after buying an additional 8,115,699 shares during the period. Institutional investors and hedge funds own 95.31% of the company’s stock.
Shares of Ally Financial Inc. (NYSE:ALLY) traded up 0.39% on Monday, hitting $22.88. The stock had a trading volume of 2,169,604 shares. The firm has a 50-day moving average price of $20.35 and a 200-day moving average price of $19.46. Ally Financial Inc. has a 52 week low of $14.84 and a 52 week high of $23.01. The stock has a market capitalization of $10.98 billion, a P/E ratio of 10.64 and a beta of 1.37.
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. The firm earned $1.38 billion during the quarter, compared to analyst estimates of $1.36 billion. Ally Financial had a return on equity of 7.86% and a net margin of 16.34%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS. Equities analysts expect that Ally Financial Inc. will post $2.36 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 1st will be given 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 payout ratio is 14.88%.
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Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Ally Financial from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 7th. BMO Capital Markets reaffirmed a “buy” rating and set a $28.00 price target on shares of Ally Financial in a research report on Wednesday, February 1st. TheStreet raised shares of Ally Financial to a “buy” rating in a research report on Monday, December 12th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Ally Financial in a research report on Sunday, January 8th. Finally, Morgan Stanley assumed coverage on shares of Ally Financial in a research report on Tuesday, December 20th. They set an “equal weight” rating on the stock. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target 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.
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