US Bancorp DE decreased its position in Ally Financial Inc (NYSE:ALLY) by 4.5% in the fourth quarter, Holdings Channel reports. The fund owned 37,371 shares of the financial services provider’s stock after selling 1,741 shares during the period. US Bancorp DE’s holdings in Ally Financial were worth $1,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Stifel Financial Corp raised its stake in shares of 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 buying an additional 4,405 shares during the last quarter. Gotham Asset Management LLC purchased a new position in shares of Ally Financial during the 2nd quarter valued at about $231,000. The Manufacturers Life Insurance Company raised its stake in shares of Ally Financial by 15.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,208 shares of the financial services provider’s stock valued at $401,000 after buying an additional 2,566 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Ally Financial by 69.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 22,583 shares of the financial services provider’s stock valued at $472,000 after buying an additional 9,223 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new position in shares of Ally Financial during the 2nd quarter valued at about $399,000.
Several brokerages recently weighed in on ALLY. Morgan Stanley restated an “equal weight” rating and issued a $28.00 price target (up previously from $26.00) on shares of Ally Financial in a research note on Thursday, November 30th. BMO Capital Markets lowered Ally Financial from an “outperform” rating to a “market perform” rating and set a $32.00 price target for the company. in a research note 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 for the company in a research note on Tuesday, January 2nd. Jefferies Group restated a “buy” rating and issued a $35.00 price target on shares of Ally Financial in a research note on Thursday, January 11th. Finally, ValuEngine upgraded Ally Financial from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $32.56.
Shares of Ally Financial Inc (NYSE ALLY) opened at $28.70 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 3.32. Ally Financial Inc has a twelve month low of $18.11 and a twelve month high of $31.29. The stock has a market capitalization of $12,530.34, a PE ratio of 14.00, a P/E/G ratio of 0.75 and a beta of 1.39.
Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.11. Ally Financial had a return on equity of 8.10% and a net margin of 13.73%. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the firm posted $0.54 EPS. Ally Financial’s revenue was up 7.7% compared to the same quarter last year. equities research analysts anticipate that Ally Financial Inc will post 3.02 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Wednesday, January 31st. This is a positive change from Ally Financial’s previous quarterly dividend of $0.12. Ally Financial’s payout ratio is presently 25.37%.
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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.
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