AMP Capital Investors Ltd Grows Position in Ally Financial Inc (ALLY)

AMP Capital Investors Ltd lifted its position in shares of Ally Financial Inc (NYSE:ALLY) by 40.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 207,059 shares of the financial services provider’s stock after purchasing an additional 59,363 shares during the quarter. AMP Capital Investors Ltd’s holdings in Ally Financial were worth $5,439,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALLY. Wells Fargo & Company MN raised its stake in Ally Financial by 7.7% during the first quarter. Wells Fargo & Company MN now owns 5,294,551 shares of the financial services provider’s stock valued at $143,748,000 after buying an additional 379,832 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Ally Financial by 12.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 1,490,593 shares of the financial services provider’s stock valued at $40,470,000 after buying an additional 164,706 shares during the last quarter. ETRADE Capital Management LLC purchased a new position in Ally Financial during the first quarter valued at $226,000. Aperio Group LLC raised its stake in Ally Financial by 16.7% during the first quarter. Aperio Group LLC now owns 283,064 shares of the financial services provider’s stock valued at $7,685,000 after buying an additional 40,604 shares during the last quarter. Finally, Signaturefd LLC purchased a new position in Ally Financial during the first quarter valued at $109,000. Institutional investors own 98.97% of the company’s stock.

ALLY stock opened at $27.12 on Friday. Ally Financial Inc has a 1-year low of $22.21 and a 1-year high of $31.29. The company has a debt-to-equity ratio of 3.60, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $11.20 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 0.68 and a beta of 1.34.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.12. Ally Financial had a return on equity of 9.45% and a net margin of 15.62%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. research analysts anticipate that Ally Financial Inc will post 3.09 EPS for the current fiscal year.

A number of research analysts have issued reports on ALLY shares. Instinet started coverage on Ally Financial in a research note on Tuesday, June 19th. They set a “neutral” rating and a $28.00 price objective for the company. Stephens reiterated a “hold” rating and set a $32.00 price objective on shares of Ally Financial in a research note on Friday, July 27th. Nomura started coverage on Ally Financial in a research note on Tuesday, June 19th. They set a “neutral” rating and a $28.00 price objective for the company. Zacks Investment Research upgraded Ally Financial from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Tuesday, July 17th. Finally, Bank of America upgraded Ally Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $33.00 to $35.00 in a research note on Monday, July 30th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $32.75.

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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Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

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