Ally Financial Inc (NYSE:ALLY) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 10,884,953 shares, a decrease of 24.4% from the January 12th total of 14,400,198 shares. Approximately 2.5% of the shares of the company are short sold. Based on an average daily volume of 4,113,817 shares, the short-interest ratio is currently 2.6 days.
Shares of Ally Financial (ALLY) opened at $28.41 on Thursday. Ally Financial has a 1 year low of $18.11 and a 1 year high of $31.29. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market cap of $12,543.45, a P/E ratio of 11.91, a PEG ratio of 0.75 and a beta of 1.39.
Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.11. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Ally Financial had a net margin of 13.73% and a return on equity of 8.10%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.54 earnings per share. research analysts expect that Ally Financial will post 3.02 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were paid a $0.13 dividend. The ex-dividend date was Wednesday, January 31st. This represents a $0.52 dividend on an annualized basis and a yield of 1.83%. This is a positive change from Ally Financial’s previous quarterly dividend of $0.12. Ally Financial’s payout ratio is presently 25.37%.
Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut shares of Ally Financial from an “overweight” rating to a “neutral” rating in a report on Friday, January 12th. Barclays increased their target price on shares of Ally Financial from $26.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. ValuEngine upgraded shares of Ally Financial from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded shares of Ally Financial from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Tuesday, January 2nd. Finally, Credit Suisse Group increased their target price on shares of Ally Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $32.56.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Xact Kapitalforvaltning AB lifted its stake in Ally Financial by 7.3% in the fourth quarter. Xact Kapitalforvaltning AB now owns 66,874 shares of the financial services provider’s stock valued at $1,950,000 after buying an additional 4,544 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Ally Financial by 34.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 14,055 shares of the financial services provider’s stock valued at $410,000 after buying an additional 3,584 shares in the last quarter. Hilton Capital Management LLC lifted its stake in Ally Financial by 89.0% in the fourth quarter. Hilton Capital Management LLC now owns 25,235 shares of the financial services provider’s stock valued at $736,000 after buying an additional 11,885 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in Ally Financial by 28.7% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 42,634 shares of the financial services provider’s stock valued at $1,243,000 after buying an additional 9,500 shares in the last quarter. Finally, BB&T Securities LLC lifted its stake in Ally Financial by 1.9% in the fourth quarter. BB&T Securities LLC now owns 123,699 shares of the financial services provider’s stock valued at $3,607,000 after buying an additional 2,343 shares in the last quarter.
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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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