Stonehill Capital Management LLC increased its stake in Ally Financial Inc. (NYSE:ALLY) by 6.2% during the fourth quarter, Holdings Channel reports. The fund owned 1,698,442 shares of the company’s stock after buying an additional 98,538 shares during the period. Ally Financial makes up about 16.3% of Stonehill Capital Management LLC’s investment portfolio, making the stock its 2nd largest position. Stonehill Capital Management LLC’s holdings in Ally Financial were worth $32,304,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of ALLY. Boston Partners boosted its stake in Ally Financial by 35.3% in the third quarter. Boston Partners now owns 24,081,559 shares of the company’s stock valued at $468,868,000 after buying an additional 6,282,905 shares during the last quarter. Harris Associates L P boosted its stake in Ally Financial by 0.7% in the third quarter. Harris Associates L P now owns 23,686,392 shares of the company’s stock valued at $461,174,000 after buying an additional 174,362 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Ally Financial by 5.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 11,649,556 shares of the company’s stock valued at $226,817,000 after buying an additional 622,465 shares during the last quarter. State Street Corp boosted its stake in Ally Financial by 1.3% in the fourth quarter. State Street Corp now owns 10,912,861 shares of the company’s stock valued at $207,567,000 after buying an additional 145,042 shares during the last quarter. Finally, First Pacific Advisors LLC boosted 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 last quarter. Institutional investors own 95.31% of the company’s stock.
Shares of Ally Financial Inc. (NYSE:ALLY) traded up 1.61% during midday trading on Tuesday, reaching $23.32. The company’s stock had a trading volume of 4,011,335 shares. The company has a market capitalization of $11.19 billion, a P/E ratio of 10.85 and a beta of 1.37. The company’s 50-day moving average price is $20.45 and its 200 day moving average price is $19.52. Ally Financial Inc. has a 12-month low of $14.84 and a 12-month high of $23.41.
Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Tuesday, January 31st. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.07. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. Ally Financial had a return on equity of 7.86% and a net margin of 16.34%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the business posted $0.52 EPS. On average, equities research analysts forecast that Ally Financial Inc. will post $2.36 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 1st will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, January 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.37%. Ally Financial’s dividend payout ratio (DPR) is currently 14.88%.
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Several equities research analysts have commented on ALLY shares. TheStreet upgraded Ally Financial to a “buy” rating in a research note on Monday, December 12th. Jefferies Group LLC reiterated a “buy” rating and set a $28.00 price objective on shares of Ally Financial in a research note on Wednesday, December 7th. Guggenheim reiterated a “buy” rating on shares of Ally Financial in a research note on Sunday, December 4th. Deutsche Bank AG reiterated a “buy” rating on shares of Ally Financial in a research note on Sunday, January 8th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $22.00 price objective on shares of Ally Financial in a research note on Thursday, October 27th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $25.38.
Ally Financial Company Profile
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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