Twin Capital Management Inc. Has $6.81 Million Stake in Ally Financial Inc (ALLY)
Twin Capital Management Inc. lifted its position in Ally Financial Inc (NYSE:ALLY) by 7.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 257,350 shares of the financial services provider’s stock after buying an additional 17,900 shares during the quarter. Twin Capital Management Inc. owned about 0.06% of Ally Financial worth $6,807,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC acquired a new position in Ally Financial during the 2nd quarter valued at $149,000. NEXT Financial Group Inc acquired a new position in Ally Financial during the 3rd quarter valued at $153,000. NumerixS Investment Technologies Inc acquired a new position in Ally Financial during the 2nd quarter valued at $159,000. Legacy Financial Advisors Inc. raised its stake in Ally Financial by 58.1% during the 3rd quarter. Legacy Financial Advisors Inc. now owns 6,152 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 2,261 shares during the last quarter. Finally, Dakota Wealth Management acquired a new position in Ally Financial during the 2nd quarter valued at $248,000.
Several equities analysts recently commented on ALLY shares. Zacks Investment Research cut shares of Ally Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 11th. Oppenheimer set a $35.00 target price on shares of Ally Financial and gave the company a “buy” rating in a research note on Thursday, October 4th. Bank of America upgraded shares of Ally Financial from a “neutral” rating to a “buy” rating and upped their target price for the company from $33.00 to $35.00 in a research note on Monday, July 30th. Stephens reiterated a “hold” rating and set a $32.00 target price on shares of Ally Financial in a research note on Friday, July 27th. Finally, Piper Jaffray Companies set a $34.00 target price on shares of Ally Financial and gave the company a “buy” rating in a research note on Monday, October 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $32.50.
Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. Ally Financial had a net margin of 16.87% and a return on equity of 10.25%. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. As a group, equities research analysts forecast that Ally Financial Inc will post 3.24 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Wednesday, October 31st. Ally Financial’s dividend payout ratio is 25.10%.
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Ally Financial Profile
Ally Financial Inc provides various financial products and services for consumers, businesses, automotive dealers, and corporate clients in the United States and Canada. The company operates Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
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