Ally Financial Inc. (ALLY) Position Increased by Russell Investments Group Ltd.
Russell Investments Group Ltd. boosted its stake in Ally Financial Inc. (NYSE:ALLY) by 21.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,294,095 shares of the financial services provider’s stock after acquiring an additional 403,106 shares during the period. Russell Investments Group Ltd. owned 0.52% of Ally Financial worth $55,638,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Toronto Dominion Bank raised its holdings in Ally Financial by 23.0% in the second quarter. Toronto Dominion Bank now owns 5,714 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 1,070 shares in the last quarter. Capital Management Associates NY bought a new stake in Ally Financial during the third quarter valued at $203,000. Capstone Asset Management Co. bought a new stake in Ally Financial during the second quarter valued at $208,000. Crossmark Global Holdings Inc. bought a new stake in Ally Financial during the third quarter valued at $241,000. Finally, Twin Tree Management LP bought a new stake in Ally Financial during the second quarter valued at $215,000.
Ally Financial Inc. (NYSE:ALLY) opened at $26.67 on Friday. The company has a market cap of $11,793.10, a PE ratio of 11.85, a PEG ratio of 2.35 and a beta of 1.46. 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 Inc. has a 12-month low of $18.11 and a 12-month high of $26.93.
Ally Financial (NYSE:ALLY) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.08. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates 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 posted $0.56 EPS. research analysts expect that Ally Financial Inc. will post 2.27 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were given a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.48 dividend on an annualized basis and a yield of 1.80%. Ally Financial’s dividend payout ratio is presently 22.22%.
ALLY has been the subject of several recent research reports. BidaskClub lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Sunday, July 23rd. Piper Jaffray Companies reiterated a “buy” rating on shares of Ally Financial in a research note on Friday, July 28th. Sanford C. Bernstein reiterated an “outperform” rating and set a $31.00 target price (up previously from $30.00) on shares of Ally Financial in a research note on Sunday, July 30th. Jefferies Group LLC reiterated a “buy” rating and set a $28.00 target price on shares of Ally Financial in a research note on Wednesday, August 23rd. Finally, BMO Capital Markets reiterated a “buy” rating and set a $26.00 target price on shares of Ally Financial in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Ally Financial has a consensus rating of “Buy” and a consensus target price of $26.93.
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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