Ally Financial Inc (ALLY) Shares Sold by Stoneridge Investment Partners LLC
Stoneridge Investment Partners LLC cut its position in shares of Ally Financial Inc (NYSE:ALLY) by 11.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 315,201 shares of the financial services provider’s stock after selling 39,800 shares during the period. Ally Financial comprises 1.5% of Stoneridge Investment Partners LLC’s portfolio, making the stock its 12th biggest position. Stoneridge Investment Partners LLC’s holdings in Ally Financial were worth $9,191,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of ALLY. Stifel Financial Corp raised its position in Ally Financial by 40.9% during the 2nd quarter. Stifel Financial Corp now owns 15,183 shares of the financial services provider’s stock valued at $319,000 after purchasing an additional 4,405 shares in the last quarter. QS Investors LLC raised its position in Ally Financial by 0.7% during the 2nd quarter. QS Investors LLC now owns 10,946 shares of the financial services provider’s stock valued at $229,000 after purchasing an additional 74 shares in the last quarter. Balyasny Asset Management LLC raised its position in Ally Financial by 126.9% during the 2nd quarter. Balyasny Asset Management LLC now owns 99,161 shares of the financial services provider’s stock valued at $2,072,000 after purchasing an additional 55,461 shares in the last quarter. Prudential PLC bought a new stake in Ally Financial during the 2nd quarter valued at $2,613,000. Finally, Janus Henderson Group PLC raised its position in Ally Financial by 1,716.6% during the 2nd quarter. Janus Henderson Group PLC now owns 1,176,263 shares of the financial services provider’s stock valued at $24,584,000 after purchasing an additional 1,111,513 shares in the last quarter.
Ally Financial Inc (NYSE:ALLY) opened at $27.24 on Tuesday. Ally Financial Inc has a fifty-two week low of $18.11 and a fifty-two week high of $31.29. The stock has a market capitalization of $12,280.00, a price-to-earnings ratio of 13.68, a PEG ratio of 0.76 and a beta of 1.39. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.21 and a quick ratio of 1.21.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.91%. This is an increase from Ally Financial’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Wednesday, January 31st. Ally Financial’s payout ratio is 25.62%.
ALLY has been the subject of a number of research analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $28.00 target price (up from $26.00) on shares of Ally Financial in a research report on Thursday, November 30th. BMO Capital Markets lowered Ally Financial from an “outperform” rating to a “market perform” rating and set a $32.00 target price for the company. in a research report on Wednesday, January 31st. Zacks Investment Research upgraded Ally Financial from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Tuesday, January 2nd. Jefferies Group reiterated a “buy” rating and issued a $35.00 price target on shares of Ally Financial in a report on Thursday, January 11th. Finally, ValuEngine upgraded Ally Financial from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $32.56.
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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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