Ally Financial Inc. (ALLY) Shares Sold by Andra AP fonden
Andra AP fonden lowered its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 25.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,000 shares of the financial services provider’s stock after selling 38,000 shares during the quarter. Andra AP fonden’s holdings in Ally Financial were worth $2,717,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in shares of Ally Financial by 40.6% during the first quarter. Principal Financial Group Inc. now owns 80,574 shares of the financial services provider’s stock worth $1,638,000 after buying an additional 23,266 shares in the last quarter. Teachers Advisors LLC grew its holdings in shares of Ally Financial by 6.0% during the first quarter. Teachers Advisors LLC now owns 565,704 shares of the financial services provider’s stock worth $11,501,000 after buying an additional 32,168 shares in the last quarter. DnB Asset Management AS grew its holdings in shares of Ally Financial by 10.5% during the second quarter. DnB Asset Management AS now owns 39,100 shares of the financial services provider’s stock worth $817,000 after buying an additional 3,700 shares in the last quarter. Xact Kapitalforvaltning AB grew its holdings in shares of Ally Financial by 5.6% during the second quarter. Xact Kapitalforvaltning AB now owns 60,901 shares of the financial services provider’s stock worth $1,273,000 after buying an additional 3,244 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of Ally Financial during the second quarter worth about $278,000.
A number of research analysts recently issued reports on the company. BidaskClub downgraded Ally Financial from a “strong-buy” rating to a “buy” rating in a report on Friday. Stephens downgraded Ally Financial from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $23.00 to $20.00 in a report on Monday, July 17th. Sanford C. Bernstein reiterated an “outperform” rating and set a $31.00 price objective (up from $30.00) on shares of Ally Financial in a report on Sunday, July 30th. Piper Jaffray Companies reiterated a “buy” rating on shares of Ally Financial in a report on Friday, July 28th. Finally, Zacks Investment Research upgraded Ally Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $26.93.
Ally Financial Inc. (NYSE ALLY) opened at $25.57 on Friday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.21 and a current ratio of 1.21. Ally Financial Inc. has a one year low of $17.83 and a one year high of $26.93. The company has a market capitalization of $11,275.74, a P/E ratio of 11.33, a PEG ratio of 2.24 and a beta of 1.46.
Ally Financial (NYSE:ALLY) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.08. Ally Financial had a return on equity of 7.72% and a net margin of 14.75%. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the company posted $0.56 EPS. research analysts anticipate that Ally Financial Inc. will post 2.27 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.48 annualized dividend and a dividend yield of 1.88%. Ally Financial’s dividend payout ratio is currently 22.22%.
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Ally Financial Company Profile
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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