Ally Financial Inc. (ALLY) Stake Boosted by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale grew its position in shares of Ally Financial Inc. (NYSE:ALLY) by 23.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 476,626 shares of the financial services provider’s stock after acquiring an additional 90,293 shares during the period. DekaBank Deutsche Girozentrale owned about 0.11% of Ally Financial worth $10,848,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of ALLY. Toronto Dominion Bank increased its position in shares of Ally Financial by 23.0% during the second quarter. Toronto Dominion Bank now owns 5,714 shares of the financial services provider’s stock valued at $119,000 after buying an additional 1,070 shares during the period. Capital Management Associates NY purchased a new position in shares of Ally Financial during the third quarter valued at about $203,000. Capstone Asset Management Co. purchased a new stake in Ally Financial in the second quarter worth about $208,000. Crossmark Global Holdings Inc. purchased a new stake in Ally Financial in the third quarter worth about $241,000. Finally, Twin Tree Management LP purchased a new stake in Ally Financial in the second quarter worth about $215,000.
A number of brokerages have weighed in on ALLY. BidaskClub cut shares of Ally Financial from a “strong-buy” rating to a “buy” rating in a report on Friday, November 10th. Zacks Investment Research upgraded shares of Ally Financial from a “sell” rating to a “hold” rating and set a $29.00 price objective on the stock in a report on Friday, October 27th. BTIG Research restated a “buy” rating and issued a $30.00 price objective on shares of Ally Financial in a report on Thursday, October 26th. Credit Suisse Group upped their price objective on shares of Ally Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. Finally, Barclays PLC upped their price objective on shares of Ally Financial from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $26.93.
Shares of Ally Financial Inc. (ALLY) traded up $0.01 during trading on Friday, reaching $26.43. 233,522 shares of the company were exchanged, compared to its average volume of 4,376,195. The company has a market capitalization of $11,598.54, a P/E ratio of 11.66, a price-to-earnings-growth ratio of 2.31 and a beta of 1.46. Ally Financial Inc. has a 12 month low of $18.11 and a 12 month high of $26.93. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 3.32.
Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.08. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. Ally Financial had a net margin of 14.75% and a return on equity of 7.72%. During the same quarter in the prior year, the firm earned $0.56 earnings per share. equities research analysts predict that Ally Financial Inc. will post 2.27 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were given a $0.12 dividend. The ex-dividend date was Tuesday, October 31st. This represents a $0.48 annualized dividend and a yield of 1.82%. Ally Financial’s payout ratio is presently 22.22%.
About Ally Financial
Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.
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