Schroder Investment Management Group lessened its position in Ally Financial (NYSE:ALLY) by 90.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,671 shares of the financial services provider’s stock after selling 144,029 shares during the quarter. Schroder Investment Management Group’s holdings in Ally Financial were worth $398,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in ALLY. Aperio Group LLC lifted its holdings in shares of Ally Financial by 6.2% in the 4th quarter. Aperio Group LLC now owns 242,460 shares of the financial services provider’s stock worth $7,070,000 after acquiring an additional 14,194 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in shares of Ally Financial by 3.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 84,883 shares of the financial services provider’s stock worth $2,475,000 after acquiring an additional 2,583 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Ally Financial in the 4th quarter worth about $140,000. BP PLC bought a new stake in shares of Ally Financial in the 4th quarter worth about $1,516,000. Finally, IBM Retirement Fund bought a new stake in shares of Ally Financial in the 4th quarter worth about $204,000. Hedge funds and other institutional investors own 99.99% of the company’s stock.
Shares of ALLY opened at $26.71 on Tuesday. Ally Financial has a 1-year low of $18.86 and a 1-year high of $31.29. The company has a debt-to-equity ratio of 3.45, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market cap of $11.45 billion, a P/E ratio of 11.18, a P/E/G ratio of 0.71 and a beta of 1.37.
Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Thursday, April 26th. The financial services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.66 by $0.02. Ally Financial had a net margin of 14.20% and a return on equity of 8.71%. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the business posted $0.48 EPS. research analysts forecast that Ally Financial will post 2.97 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st were issued a $0.13 dividend. The ex-dividend date of this dividend was Monday, April 30th. This represents a $0.52 annualized dividend and a dividend yield of 1.95%. Ally Financial’s dividend payout ratio is currently 21.76%.
ALLY has been the subject of several analyst reports. ValuEngine lowered shares of Ally Financial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 1st. Oppenheimer set a $38.00 target price on shares of Ally Financial and gave the stock a “buy” rating in a report on Monday, April 2nd. UBS Group initiated coverage on shares of Ally Financial in a report on Tuesday, March 27th. They issued a “buy” rating and a $33.00 target price for the company. Piper Jaffray Companies restated a “buy” rating on shares of Ally Financial in a report on Friday, March 16th. Finally, Stephens upgraded shares of Ally Financial from an “underweight” rating to an “equal” rating and set a $29.00 target price for the company in a report on Monday, April 9th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $32.82.
Ally Financial Company 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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