GAM Holding AG lessened its stake in Ally Financial Inc (NYSE:ALLY) by 28.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,928 shares of the financial services provider’s stock after selling 15,622 shares during the quarter. GAM Holding AG’s holdings in Ally Financial were worth $1,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new position in Ally Financial in the 2nd quarter worth about $149,000. NEXT Financial Group Inc purchased a new position in Ally Financial in the 3rd quarter worth about $153,000. NumerixS Investment Technologies Inc purchased a new position in Ally Financial in the 2nd quarter worth about $159,000. Legacy Financial Advisors Inc. raised its position in Ally Financial by 58.1% in the 3rd quarter. Legacy Financial Advisors Inc. now owns 6,152 shares of the financial services provider’s stock worth $162,000 after buying an additional 2,261 shares during the last quarter. Finally, Dakota Wealth Management purchased a new position in Ally Financial in the 2nd quarter worth about $248,000. 98.90% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have weighed in on ALLY. Oppenheimer set a $32.00 target price on Ally Financial and gave the stock a “buy” rating in a research report on Thursday, October 25th. Zacks Investment Research reissued a “buy” rating and issued a $27.00 target price on shares of Ally Financial in a research report on Monday, November 12th. ValuEngine lowered Ally Financial from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd. Nomura decreased their target price on Ally Financial from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, October 26th. Finally, Piper Jaffray Companies set a $34.00 price target on Ally Financial and gave the company a “buy” rating in a research note on Monday, October 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. Ally Financial presently has a consensus rating of “Buy” and a consensus target price of $32.53.
Ally Financial stock opened at $24.76 on Friday. The stock has a market cap of $10.43 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 0.62 and a beta of 1.23. Ally Financial Inc has a 52-week low of $23.69 and a 52-week high of $31.29. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 3.48.
Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.11. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. Ally Financial had a return on equity of 10.25% and a net margin of 16.87%. On average, sell-side analysts expect that Ally Financial Inc will post 3.24 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, October 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.42%. Ally Financial’s dividend payout ratio is currently 25.10%.
In related 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 transaction of $658,750.00. Following the completion of the transaction, 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 filing with the SEC, which is available at this hyperlink. Insiders own 0.15% of the company’s stock.
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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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