Saturna Capital CORP acquired a new position in Ally Financial Inc. (NYSE:ALLY) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 24,650 shares of the financial services provider’s stock, valued at approximately $635,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wetherby Asset Management Inc. increased its holdings in shares of Ally Financial by 0.5% during the second quarter. Wetherby Asset Management Inc. now owns 12,247 shares of the financial services provider’s stock valued at $256,000 after acquiring an additional 56 shares in the last quarter. QS Investors LLC increased its holdings in shares of Ally Financial by 0.7% during the second quarter. QS Investors LLC now owns 10,946 shares of the financial services provider’s stock valued at $229,000 after acquiring an additional 74 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Ally Financial by 0.4% during the second quarter. Advisors Asset Management Inc. now owns 28,029 shares of the financial services provider’s stock valued at $586,000 after acquiring an additional 107 shares in the last quarter. Cadence Capital Management LLC increased its holdings in shares of Ally Financial by 0.8% during the second quarter. Cadence Capital Management LLC now owns 14,986 shares of the financial services provider’s stock valued at $313,000 after acquiring an additional 126 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its holdings in shares of Ally Financial by 0.5% during the second quarter. Public Employees Retirement Association of Colorado now owns 86,776 shares of the financial services provider’s stock valued at $1,814,000 after acquiring an additional 411 shares in the last quarter.

Shares of Ally Financial Inc. (ALLY) opened at $27.95 on Wednesday. The stock has a market capitalization of $12,186.64, a P/E ratio of 12.25, a P/E/G ratio of 2.42 and a beta of 1.46. Ally Financial Inc. has a 12 month low of $18.11 and a 12 month high of $28.24. 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 earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the 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 for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the company earned $0.56 EPS. equities analysts forecast that Ally Financial Inc. will post 2.27 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Tuesday, October 31st. Ally Financial’s payout ratio is 22.22%.

Several equities research analysts recently commented on ALLY shares. Wells Fargo & Company started coverage on Ally Financial in a report on Friday, December 1st. They issued an “outperform” rating and a $30.00 price objective for the company. BidaskClub upgraded Ally Financial from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. ValuEngine upgraded Ally Financial from a “buy” rating to a “strong-buy” rating in a report on Friday, September 22nd. Piper Jaffray Companies reiterated a “buy” rating on shares of Ally Financial in a report on Wednesday, October 4th. Finally, Jefferies Group reiterated a “buy” rating on shares of Ally Financial in a report on Friday, September 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $27.56.

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Ally Financial 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.

Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

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