Allspring Global Investments Holdings LLC Has $52,000 Holdings in Ally Financial Inc. (NYSE:ALLY)

Allspring Global Investments Holdings LLC cut its position in shares of Ally Financial Inc. (NYSE:ALLY) by 92.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,482 shares of the financial services provider’s stock after selling 17,110 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Ally Financial were worth $52,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Ancient Art L.P. bought a new stake in Ally Financial in the 3rd quarter valued at $41,429,000. Bank of New York Mellon Corp increased its stake in Ally Financial by 47.5% in the third quarter. Bank of New York Mellon Corp now owns 3,620,655 shares of the financial services provider’s stock valued at $96,599,000 after acquiring an additional 1,165,220 shares during the period. FMR LLC raised its position in Ally Financial by 47.1% in the third quarter. FMR LLC now owns 3,316,501 shares of the financial services provider’s stock worth $88,484,000 after purchasing an additional 1,061,651 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Ally Financial by 4,867.7% during the third quarter. Principal Financial Group Inc. now owns 1,001,294 shares of the financial services provider’s stock worth $26,715,000 after purchasing an additional 981,138 shares during the period. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in Ally Financial during the fourth quarter valued at approximately $27,975,000. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Evercore ISI boosted their price target on Ally Financial from $41.00 to $43.00 and gave the company an “in-line” rating in a research note on Thursday, March 28th. Barclays upped their target price on shares of Ally Financial from $32.00 to $43.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Bank of America raised shares of Ally Financial from a “neutral” rating to a “buy” rating and lifted their price target for the company from $42.00 to $46.00 in a report on Tuesday, April 9th. BMO Capital Markets boosted their price target on shares of Ally Financial from $36.00 to $37.00 and gave the company a “market perform” rating in a research report on Friday, April 19th. Finally, JPMorgan Chase & Co. lowered shares of Ally Financial from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $37.00 to $39.00 in a report on Wednesday, April 3rd. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $38.47.

Ally Financial Stock Performance

Ally Financial stock opened at $39.16 on Tuesday. Ally Financial Inc. has a 1 year low of $22.54 and a 1 year high of $41.56. The company’s 50-day moving average is $38.10 and its two-hundred day moving average is $33.63. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.50. The company has a market cap of $11.90 billion, a PE ratio of 15.98, a PEG ratio of 0.57 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.12. Ally Financial had a return on equity of 8.35% and a net margin of 10.59%. The business 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 earned $0.82 earnings per share. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. Equities analysts anticipate that Ally Financial Inc. will post 2.99 earnings per share for the current year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.30 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.06%. Ally Financial’s dividend payout ratio (DPR) is presently 48.98%.

Ally Financial Profile

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.