Coastline Trust Co bought a new position in Ally Financial Inc (NYSE:ALLY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 22,500 shares of the financial services provider’s stock, valued at approximately $656,000.
Several other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Ally Financial by 7.2% in the third quarter. JPMorgan Chase & Co. now owns 18,536,031 shares of the financial services provider’s stock worth $442,825,000 after purchasing an additional 1,251,678 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Ally Financial by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 8,683,736 shares of the financial services provider’s stock worth $210,668,000 after purchasing an additional 114,270 shares during the last quarter. King Street Capital Management L.P. boosted its holdings in Ally Financial by 40.5% in the third quarter. King Street Capital Management L.P. now owns 6,933,000 shares of the financial services provider’s stock valued at $168,195,000 after acquiring an additional 2,000,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Ally Financial by 2.7% in the third quarter. Dimensional Fund Advisors LP now owns 6,814,886 shares of the financial services provider’s stock valued at $165,315,000 after acquiring an additional 176,020 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in Ally Financial by 13.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,993,000 shares of the financial services provider’s stock valued at $145,390,000 after acquiring an additional 717,100 shares in the last quarter.
Ally Financial Inc (NYSE:ALLY) opened at $30.37 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 3.32. The company has a market capitalization of $13,539.73, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46. Ally Financial Inc has a 52-week low of $18.11 and a 52-week high of $30.95.
Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.57 by $0.08. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.46 billion. Ally Financial had a return on equity of 7.72% and a net margin of 14.75%. During the same quarter last year, the firm posted $0.56 earnings per share. equities research analysts forecast that Ally Financial Inc will post 2.29 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be given a dividend of $0.13 per share. The ex-dividend date is Wednesday, January 31st. This represents a $0.52 annualized dividend and a yield of 1.71%. This is a positive change from Ally Financial’s previous quarterly dividend of $0.12. Ally Financial’s dividend payout ratio (DPR) is currently 22.22%.
Several analysts recently weighed in on ALLY shares. Morgan Stanley reiterated an “equal weight” rating and issued a $28.00 price target (up previously from $26.00) on shares of Ally Financial in a report on Thursday, November 30th. Zacks Investment Research upgraded shares of 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. ValuEngine upgraded shares of Ally Financial from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $28.00 price target on shares of Ally Financial in a report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Ally Financial currently has a consensus rating of “Buy” and an average target price of $30.88.
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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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