Vanguard Personalized Indexing Management LLC reduced its holdings in Ally Financial Inc. (NYSE:ALLY – Free Report) by 24.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,258 shares of the financial services provider’s stock after selling 6,784 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Ally Financial were worth $542,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of ALLY. WealthPLAN Partners LLC acquired a new position in shares of Ally Financial during the 1st quarter valued at about $25,000. U.S. Capital Wealth Advisors LLC acquired a new stake in Ally Financial in the 4th quarter valued at approximately $28,000. Salem Investment Counselors Inc. grew its holdings in Ally Financial by 115.0% in the 1st quarter. Salem Investment Counselors Inc. now owns 645 shares of the financial services provider’s stock valued at $28,000 after buying an additional 345 shares during the last quarter. CoreCap Advisors LLC bought a new stake in shares of Ally Financial in the 4th quarter worth approximately $41,000. Finally, Natixis bought a new stake in shares of Ally Financial in the 4th quarter worth approximately $41,000. 87.94% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
ALLY has been the subject of a number of research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $35.00 price objective on shares of Ally Financial in a research report on Thursday, July 20th. BMO Capital Markets reduced their price objective on Ally Financial from $47.00 to $45.00 and set an “outperform” rating for the company in a research report on Thursday, July 20th. Odeon Capital Group started coverage on Ally Financial in a research report on Monday, June 12th. They issued a “sell” rating and a $25.00 price objective for the company. Wolfe Research lowered Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday. Finally, Morgan Stanley boosted their price target on Ally Financial from $22.00 to $24.00 and gave the company an “underweight” rating in a research note on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $31.28.
Ally Financial Trading Down 2.0 %
ALLY stock opened at $25.92 on Monday. The company has a market cap of $7.82 billion, a P/E ratio of 7.08 and a beta of 1.34. Ally Financial Inc. has a twelve month low of $21.58 and a twelve month high of $36.20. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.80. The business has a fifty day moving average of $27.90 and a 200-day moving average of $27.41.
Ally Financial (NYSE:ALLY – Get Free Report) last released its earnings results on Wednesday, July 19th. The financial services provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.09 billion. Ally Financial had a return on equity of 12.34% and a net margin of 14.59%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.76 earnings per share. As a group, equities research analysts expect that Ally Financial Inc. will post 3.27 EPS for the current year.
Ally Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were given a dividend of $0.30 per share. The ex-dividend date was Monday, July 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.63%. Ally Financial’s payout ratio is currently 32.79%.
About Ally Financial
Ally Financial Inc, a digital financial-services company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
- Five stocks we like better than Ally Financial
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- 2 Stocks to Get You Ready for the Holiday Season
- How to Invest in Artificial Intelligence
- Profit Potential: 5 Undervalued Stocks With High Dividend Yields
- How Investors Can Identify and Successfully Trade Gap-Up Stocks
- MarketBeat Week in Review – 8/21 – 8/25
Receive News & Ratings for Ally Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ally Financial and related companies with MarketBeat.com's FREE daily email newsletter.