KBC Group NV Decreases Stake in Ally Financial Inc. (NYSE:ALLY)

KBC Group NV lessened its holdings in Ally Financial Inc. (NYSE:ALLYFree Report) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,593 shares of the financial services provider’s stock after selling 976 shares during the period. KBC Group NV’s holdings in Ally Financial were worth $1,103,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Ally Financial by 1.0% in 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 during the last quarter. FMR LLC raised its holdings in shares of Ally Financial by 47.1% in the 3rd 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 during the period. Northern Trust Corp grew its holdings in 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 purchasing an additional 795,754 shares during the period. Donald Smith & CO. Inc. grew its holdings in 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 purchasing an additional 495,584 shares during the period. Finally, AustralianSuper Pty Ltd raised its stake in shares of Ally Financial by 15.7% in 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 buying an additional 353,344 shares during the period. 88.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ALLY shares. BTIG Research assumed coverage on Ally Financial in a report on Friday. They issued a “buy” rating and a $51.00 price objective for the company. TD Cowen boosted their price target on shares of Ally Financial from $42.00 to $43.00 and gave the company a “hold” rating in a research report on Friday, April 19th. JPMorgan Chase & Co. cut shares of Ally Financial from a “neutral” rating to an “underweight” rating and upped their price target for the company from $37.00 to $39.00 in a research note on Wednesday, April 3rd. StockNews.com upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Finally, Compass Point increased their target price on Ally Financial from $28.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $39.17.

View Our Latest Stock Analysis on Ally Financial

Ally Financial Trading Up 0.5 %

Shares of Ally Financial stock opened at $38.64 on Friday. 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 firm has a market cap of $11.75 billion, a PE ratio of 15.77, a PEG ratio of 0.47 and a beta of 1.41. The company has a 50 day simple moving average of $38.86 and a two-hundred day simple moving average of $36.35.

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

Ally Financial Dividend Announcement

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

Ally Financial Company 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.

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

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