First Trust Advisors LP Purchases 34,663 Shares of Ally Financial Inc. (NYSE:ALLY)

First Trust Advisors LP boosted its position in Ally Financial Inc. (NYSE:ALLYFree Report) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,624,977 shares of the financial services provider’s stock after purchasing an additional 34,663 shares during the period. First Trust Advisors LP owned approximately 0.54% of Ally Financial worth $56,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in ALLY. Vanguard Group Inc. raised its stake in shares of Ally Financial by 1.0% during the third quarter. Vanguard Group Inc. now owns 28,009,495 shares of the financial services provider’s stock valued at $747,293,000 after acquiring an additional 290,842 shares in the last quarter. FMR LLC raised its stake in shares of Ally Financial by 47.1% during the third quarter. FMR LLC now owns 3,316,501 shares of the financial services provider’s stock valued at $88,484,000 after acquiring an additional 1,061,651 shares in the last quarter. Northern Trust Corp raised its stake in shares of Ally Financial by 34.2% during the third quarter. Northern Trust Corp now owns 3,122,515 shares of the financial services provider’s stock valued at $83,309,000 after acquiring an additional 795,754 shares in the last quarter. Donald Smith & CO. Inc. raised its stake in shares of Ally Financial by 22.0% during the fourth quarter. Donald Smith & CO. Inc. now owns 2,752,830 shares of the financial services provider’s stock valued at $96,129,000 after acquiring an additional 495,584 shares in the last quarter. Finally, AustralianSuper Pty Ltd raised its stake in shares of Ally Financial by 15.7% during the fourth quarter. AustralianSuper Pty Ltd now owns 2,610,685 shares of the financial services provider’s stock valued at $91,165,000 after acquiring an additional 353,344 shares in the last quarter. Institutional investors own 88.76% of the company’s stock.

Ally Financial Price Performance

Shares of ALLY opened at $38.64 on Friday. The firm has a market capitalization of $11.75 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 0.47 and a beta of 1.41. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.92. Ally Financial Inc. has a 1-year low of $22.54 and a 1-year high of $41.77. The company’s fifty day moving average price is $38.86 and its 200-day moving average price is $36.29.

Ally Financial (NYSE:ALLYGet Free Report) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.12. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the company earned $0.82 earnings per share. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, equities research analysts predict that Ally Financial Inc. will post 3 EPS for the current year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.11%. The ex-dividend date was Tuesday, April 30th. Ally Financial’s payout ratio is 48.98%.

Analyst Ratings Changes

Several research firms have recently weighed in on ALLY. Wells Fargo & Company lifted their price target on shares of Ally Financial from $29.00 to $33.00 and gave the company an “underweight” rating in a research note on Wednesday, April 10th. BTIG Research initiated coverage on shares of Ally Financial in a research note on Friday. They issued a “buy” rating and a $51.00 price objective for the company. JPMorgan Chase & Co. downgraded shares of Ally Financial from a “neutral” rating to an “underweight” rating and boosted their price objective for the stock from $37.00 to $39.00 in a research note on Wednesday, April 3rd. StockNews.com raised shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Finally, BMO Capital Markets boosted their price objective on shares of Ally Financial from $36.00 to $37.00 and gave the stock a “market perform” rating in a research note on Friday, April 19th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $39.17.

View Our Latest Analysis on ALLY

Ally Financial Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding ALLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ally Financial Inc. (NYSE:ALLYFree Report).

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

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.