2 days Ago By Defense World Staff
Forsta AP Fonden lowered its stake in Ally Financial Inc. ( NYSE:ALLY – Free Report ) by 10.3% in the 2nd quarter, according to its most recent filing with the SEC.
The fund owned 43,500 shares of the financial services provider’s stock after selling 5,000 shares during the period. Forsta AP Fonden’s holdings in Ally Financial were worth $1,726,000 as of its most recent SEC filing. A number of other institutional investors have also modified their holdings of ALLY.
Boston Partners acquired a new position in Ally Financial in the first quarter worth $152,079,000. Scout Investments Inc. bought a new position in shares of Ally Financial in the 4th quarter worth about $63,080,000.
Norges Bank acquired a new position in shares of Ally Financial in the 4th quarter valued at about $62,869,000. Jennison Associates LLC bought a new stake in shares of Ally Financial during the 1st quarter valued at about $52,252,000. Finally, Delta Global Management LP raised its stake in Ally Financial by 3,262.
3% during the first quarter. Delta Global Management LP now owns 1,035,994 shares of the financial services provider’s stock worth $42,051,000 after acquiring an additional 1,005,182 shares during the period. Institutional investors and hedge funds own 88.
76% of the company’s stock. Wall Street Analyst Weigh In A number of equities analysts have commented on ALLY shares. Royal Bank of Canada decreased their target price on Ally Financial from $49.
00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, September 12th. Barclays lowered their price objective on Ally Financial from $44.
00 to $36.00 and set an “equal weight” rating for the company in a research note on Thursday, September 12th. Keefe, Bruyette & Woods dropped their target price on Ally Financial from $50.
00 to $44.00 and set an “outperform” rating on the stock in a research report on Monday. Bank of America reduced their price target on shares of Ally Financial from $46.
00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Finally, BTIG Research cut shares of Ally Financial from a “buy” rating to a “neutral” rating in a report on Monday.
Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $41.41.
Ally Financial Trading Up 0.2 % Shares of ALLY opened at $33.05 on Tuesday.
The business’s 50-day moving average price is $41.15 and its 200 day moving average price is $39.72.
The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.
39. The stock has a market capitalization of $10.05 billion, a P/E ratio of 13.
49, a P/E/G ratio of 0.32 and a beta of 1.40.
Ally Financial Inc. has a 1-year low of $22.54 and a 1-year high of $45.
46. Ally Financial ( NYSE:ALLY – Get Free Report ) last released its earnings results on Wednesday, July 17th. The financial services provider reported $0.
97 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.33.
Ally Financial had a net margin of 10.26% and a return on equity of 8.37%.
The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the firm posted $0.
96 earnings per share. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year.
Analysts expect that Ally Financial Inc. will post 3.51 earnings per share for the current year.
Ally Financial Announces Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were given a $0.30 dividend.
This represents a $1.20 annualized dividend and a yield of 3.63%.
The ex-dividend date was Thursday, August 1st. Ally Financial’s payout ratio is currently 48.98%.
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. Featured Stories Five stocks we like better than Ally Financial Roth IRA Calculator: Calculate Your Potential Returns Palo Alto Analysts Drive it to New Highs: 50% Upside Is Possible Stock Splits, Do They Really Impact Investors? Roblox’s Growth Beyond Kids: Stock Set for Major Moves What is a Secondary Public Offering? What Investors Need to Know 5 Oversold Stocks to Buy Right Now Want to see what other hedge funds are holding ALLY? Visit HoldingsChannel.
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