Terril Brothers Inc. Trims Position in Ally Financial Inc. (ALLY)
Terril Brothers Inc. decreased its holdings in Ally Financial Inc. (NYSE:ALLY) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 329,630 shares of the financial services provider’s stock after selling 2,525 shares during the quarter. Ally Financial comprises 2.6% of Terril Brothers Inc.’s investment portfolio, making the stock its 11th largest holding. Terril Brothers Inc. owned 0.07% of Ally Financial worth $7,997,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Toronto Dominion Bank increased its stake in Ally Financial by 23.0% in the 2nd 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 acquired a new position in Ally Financial in the 3rd quarter valued at $203,000. Capstone Asset Management Co. acquired a new position in Ally Financial in the 2nd quarter valued at $208,000. Crossmark Global Holdings Inc. acquired a new position in Ally Financial in the 3rd quarter valued at $241,000. Finally, Twin Tree Management LP acquired a new position in Ally Financial in the 2nd quarter valued at $215,000.
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Several equities analysts have issued reports on the stock. BidaskClub raised shares of Ally Financial from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. ValuEngine raised shares of Ally Financial from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 22nd. Piper Jaffray Companies reissued a “buy” rating on shares of Ally Financial in a research note on Wednesday, October 4th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Ally Financial in a research note on Friday, September 29th. Finally, Credit Suisse Group upped their price target on shares of Ally Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $26.93.
Shares of Ally Financial Inc. (NYSE:ALLY) traded up $0.39 during midday trading on Thursday, reaching $26.23. 4,472,800 shares of the company were exchanged, compared to its average volume of 4,375,886. The firm has a market cap of $11,426.08, a PE ratio of 11.48, a price-to-earnings-growth ratio of 2.27 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 debt-to-equity ratio of 3.32, a quick ratio of 1.21 and a current ratio of 1.21.
Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.08. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Ally Financial had a net margin of 14.75% and a return on equity of 7.72%. During the same period in the prior year, the company earned $0.56 EPS. analysts predict that Ally Financial Inc. will post 2.27 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were paid a $0.12 dividend. The ex-dividend date was Tuesday, October 31st. This represents a $0.48 dividend on an annualized basis and a yield of 1.83%. Ally Financial’s payout ratio is 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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