Russell Investments Group Ltd. increased its position in Ally Financial Inc. (NYSE:ALLY) by 21.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,294,095 shares of the financial services provider’s stock after acquiring an additional 403,106 shares during the quarter. Russell Investments Group Ltd. owned about 0.52% of Ally Financial worth $55,638,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wetherby Asset Management Inc. boosted its position in shares of Ally Financial by 0.5% during the 2nd 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 boosted its position in Ally Financial by 0.7% in the second quarter. QS Investors LLC now owns 10,946 shares of the financial services provider’s stock valued at $229,000 after buying an additional 74 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Ally Financial by 0.4% in the second quarter. Advisors Asset Management Inc. now owns 28,029 shares of the financial services provider’s stock valued at $586,000 after buying an additional 107 shares in the last quarter. Cadence Capital Management LLC boosted its position in Ally Financial by 0.8% in the second quarter. Cadence Capital Management LLC now owns 14,986 shares of the financial services provider’s stock valued at $313,000 after buying an additional 126 shares in the last quarter. Finally, First Heartland Consultants Inc. boosted its position in Ally Financial by 0.3% in the second quarter. First Heartland Consultants Inc. now owns 49,668 shares of the financial services provider’s stock valued at $1,038,000 after buying an additional 168 shares in the last quarter.
Ally Financial Inc. (NYSE:ALLY) traded up $0.31 during trading hours on Monday, reaching $27.56. 3,642,636 shares of the company were exchanged, compared to its average volume of 4,305,453. Ally Financial Inc. has a 1-year low of $18.11 and a 1-year high of $27.94. The company has a market capitalization of $12,049.57, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 2.40 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 (NYSE:ALLY) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.08. The business had revenue of $1.46 billion for 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 period last year, the firm earned $0.56 earnings per share. analysts anticipate that Ally Financial Inc. will post 2.27 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders 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 dividend yield of 1.74%. Ally Financial’s payout ratio is currently 22.22%.
ALLY has been the subject of a number of research analyst reports. Goldman Sachs Group initiated coverage on shares of Ally Financial in a research note on Monday. They issued a “buy” rating and a $32.00 target price for the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $26.00 target price on shares of Ally Financial in a research note on Friday, August 25th. Zacks Investment Research raised shares of Ally Financial from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Tuesday, September 26th. Morgan Stanley boosted their price target on shares of Ally Financial from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, October 26th. Finally, Citigroup initiated coverage on shares of Ally Financial in a research note on Monday, October 16th. They issued a “buy” rating and a $30.00 target price for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $27.56.
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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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