Corsair Capital Management L.P. lowered its stake in shares of Ally Financial Inc (NYSE:ALLY) by 5.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 111,773 shares of the financial services provider’s stock after selling 6,324 shares during the period. Corsair Capital Management L.P.’s holdings in Ally Financial were worth $2,956,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Capital Fund Management S.A. raised its holdings in shares of Ally Financial by 12.9% during the 3rd quarter. Capital Fund Management S.A. now owns 687,053 shares of the financial services provider’s stock valued at $18,173,000 after buying an additional 78,500 shares during the period. Assetmark Inc. raised its holdings in shares of Ally Financial by 32.5% during the 3rd quarter. Assetmark Inc. now owns 94,146 shares of the financial services provider’s stock valued at $2,490,000 after buying an additional 23,075 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Ally Financial by 1,106.7% during the 3rd quarter. Renaissance Technologies LLC now owns 756,600 shares of the financial services provider’s stock valued at $20,012,000 after buying an additional 693,900 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Ally Financial by 67.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 9,530 shares of the financial services provider’s stock valued at $252,000 after buying an additional 3,826 shares during the period. Finally, Ancora Advisors LLC raised its holdings in shares of Ally Financial by 13.4% during the 3rd quarter. Ancora Advisors LLC now owns 503,500 shares of the financial services provider’s stock valued at $13,317,000 after buying an additional 59,662 shares during the period. 98.90% of the stock is currently owned by institutional investors and hedge funds.
In other news, CAO David J. Debrunner sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $26.35, for a total value of $658,750.00. Following the completion of the sale, the chief accounting officer now directly owns 102,155 shares in the company, valued at approximately $2,691,784.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is owned by insiders.
ALLY stock opened at $25.25 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 3.48. Ally Financial Inc has a 52-week low of $23.69 and a 52-week high of $31.29. The company has a market cap of $10.37 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 0.61 and a beta of 1.23.
Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. Ally Financial had a return on equity of 10.25% and a net margin of 16.87%. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. On average, equities analysts forecast that Ally Financial Inc will post 3.24 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, October 31st. This represents a $0.60 annualized dividend and a yield of 2.38%. Ally Financial’s dividend payout ratio is presently 25.10%.
Several equities research analysts recently commented on the company. ValuEngine downgraded Ally Financial from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. Piper Jaffray Companies set a $34.00 target price on Ally Financial and gave the company a “buy” rating in a report on Monday, October 29th. Zacks Investment Research downgraded Ally Financial from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. Oppenheimer set a $35.00 target price on Ally Financial and gave the company a “buy” rating in a report on Thursday, October 4th. Finally, Nomura dropped their target price on Ally Financial from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. Ally Financial has an average rating of “Buy” and a consensus target price of $32.53.
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Ally Financial 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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