DekaBank Deutsche Girozentrale Has $2.64 Million Stock Holdings in Ally Financial Inc. $ALLY

DekaBank Deutsche Girozentrale lessened its stake in Ally Financial Inc. (NYSE:ALLY) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 68,032 shares of the financial services provider’s stock after selling 539 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Ally Financial were worth $2,637,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in Ally Financial by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 8,797,505 shares of the financial services provider’s stock worth $320,855,000 after acquiring an additional 134,113 shares in the last quarter. Wellington Management Group LLP bought a new stake in Ally Financial in the first quarter worth approximately $253,881,000. Jacobs Levy Equity Management Inc. grew its position in Ally Financial by 10.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 4,658,877 shares of the financial services provider’s stock worth $169,909,000 after acquiring an additional 456,698 shares in the last quarter. First Manhattan CO. LLC. grew its position in Ally Financial by 0.8% in the first quarter. First Manhattan CO. LLC. now owns 4,258,760 shares of the financial services provider’s stock worth $155,317,000 after acquiring an additional 32,121 shares in the last quarter. Finally, Millennium Management LLC grew its position in Ally Financial by 234.7% in the first quarter. Millennium Management LLC now owns 3,752,066 shares of the financial services provider’s stock worth $136,838,000 after acquiring an additional 2,630,981 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Stock Up 1.9%

Ally Financial stock opened at $41.80 on Friday. The company’s 50 day simple moving average is $40.65 and its 200 day simple moving average is $37.80. Ally Financial Inc. has a fifty-two week low of $29.52 and a fifty-two week high of $44.83. The firm has a market capitalization of $12.86 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 0.31 and a beta of 1.18. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.92 and a quick ratio of 0.92.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.99 earnings per share for the quarter. Ally Financial had a net margin of 8.10% and a return on equity of 9.96%. The business had revenue of $2.06 billion for the quarter. As a group, sell-side analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.20 dividend on an annualized basis and a yield of 2.9%. Ally Financial’s payout ratio is presently 72.29%.

Insiders Place Their Bets

In other Ally Financial news, insider Kathleen L. Patterson sold 29,000 shares of Ally Financial stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $40.86, for a total value of $1,184,940.00. Following the transaction, the insider owned 100,203 shares of the company’s stock, valued at approximately $4,094,294.58. The trade was a 22.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ALLY. Morgan Stanley upped their price objective on shares of Ally Financial from $47.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. JPMorgan Chase & Co. increased their target price on shares of Ally Financial from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Wells Fargo & Company upgraded shares of Ally Financial from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $37.00 to $45.00 in a research report on Tuesday, September 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ally Financial in a research note on Tuesday, October 14th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Ally Financial from $56.00 to $51.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $45.67.

Ally Financial Company 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.