Sciencast Management LP increased its stake in shares of Ally Financial Inc (NYSE:ALLY) by 502.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,690 shares of the financial services provider’s stock after purchasing an additional 51,444 shares during the quarter. Sciencast Management LP’s holdings in Ally Financial were worth $1,884,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of ALLY. Nuveen Asset Management LLC acquired a new stake in shares of Ally Financial during the second quarter worth approximately $79,084,000. Man Group plc boosted its holdings in shares of Ally Financial by 66.4% during the third quarter. Man Group plc now owns 5,472,367 shares of the financial services provider’s stock worth $181,463,000 after purchasing an additional 2,184,311 shares during the period. Scout Investments Inc. boosted its holdings in shares of Ally Financial by 120.8% during the fourth quarter. Scout Investments Inc. now owns 2,016,231 shares of the financial services provider’s stock worth $61,616,000 after purchasing an additional 1,103,082 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Ally Financial by 15.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 8,067,862 shares of the financial services provider’s stock valued at $250,023,000 after acquiring an additional 1,096,715 shares during the last quarter. Finally, FMR LLC lifted its stake in Ally Financial by 129.3% in the first quarter. FMR LLC now owns 1,801,409 shares of the financial services provider’s stock valued at $49,521,000 after acquiring an additional 1,015,634 shares during the last quarter. Institutional investors and hedge funds own 95.21% of the company’s stock.
In other news, CAO David J. Debrunner sold 2,222 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $31.70, for a total value of $70,437.40. Following the completion of the sale, the chief accounting officer now directly owns 94,647 shares in the company, valued at $3,000,309.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.35% of the stock is currently owned by insiders.
A number of analysts have issued reports on the stock. Citigroup reduced their target price on shares of Ally Financial from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Barclays reiterated a “buy” rating and issued a $45.00 target price on shares of Ally Financial in a research note on Tuesday, January 7th. ValuEngine cut shares of Ally Financial from a “sell” rating to a “strong sell” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. cut shares of Ally Financial from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $35.00 to $33.00 in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $37.00.
Shares of Ally Financial stock opened at $30.33 on Thursday. The firm has a fifty day simple moving average of $30.95 and a 200-day simple moving average of $31.68. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 2.47. Ally Financial Inc has a 1-year low of $25.21 and a 1-year high of $35.42. The stock has a market capitalization of $11.53 billion, a price-to-earnings ratio of 9.08, a PEG ratio of 0.57 and a beta of 1.27.
Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.03. Ally Financial had a net margin of 26.29% and a return on equity of 10.69%. The business had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the company earned $0.91 earnings per share. Ally Financial’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, research analysts predict that Ally Financial Inc will post 3.74 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.51%. This is a boost from Ally Financial’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, January 30th. Ally Financial’s payout ratio is presently 20.36%.
Ally Financial Company Profile
Ally Financial Inc provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
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