Asset Management One Co. Ltd. increased its stake in shares of Ally Financial Inc (NYSE:ALLY) by 51.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 281,851 shares of the financial services provider’s stock after buying an additional 95,516 shares during the quarter. Asset Management One Co. Ltd. owned 0.07% of Ally Financial worth $8,735,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of ALLY. Carroll Financial Associates Inc. acquired a new stake in shares of Ally Financial in the 2nd quarter valued at $40,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Ally Financial during the second quarter worth $49,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Ally Financial by 102.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,242 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 1,132 shares during the period. SG3 Management LLC acquired a new stake in shares of Ally Financial during the second quarter worth $73,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in shares of Ally Financial during the second quarter worth $96,000. Institutional investors and hedge funds own 95.51% of the company’s stock.
Shares of ALLY stock traded up $0.44 during trading on Friday, hitting $31.32. The company had a trading volume of 4,010,927 shares, compared to its average volume of 3,815,494. Ally Financial Inc has a one year low of $20.60 and a one year high of $35.42. The firm has a market capitalization of $11.89 billion, a P/E ratio of 9.38, a price-to-earnings-growth ratio of 0.60 and a beta of 1.30. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.07 and a current ratio of 1.07. The stock’s 50-day moving average price is $32.52 and its 200 day moving average price is $30.83.
Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.09. Ally Financial had a return on equity of 10.89% and a net margin of 26.59%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the prior year, the company earned $0.83 EPS. Ally Financial’s revenue was down 2.9% compared to the same quarter last year. On average, research analysts anticipate that Ally Financial Inc will post 3.76 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.17 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.68 dividend on an annualized basis and a yield of 2.17%. Ally Financial’s payout ratio is 20.36%.
In other news, insider Diane E. Morais sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $33.35, for a total value of $500,250.00. Following the completion of the sale, the insider now directly owns 220,048 shares in the company, valued at approximately $7,338,600.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO David J. Debrunner sold 2,222 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $31.14, for a total transaction of $69,193.08. Following the completion of the transaction, the chief accounting officer now directly owns 101,313 shares in the company, valued at approximately $3,154,886.82. The disclosure for this sale can be found here. Insiders sold 21,666 shares of company stock valued at $716,806 over the last 90 days. 0.35% of the stock is currently owned by company insiders.
A number of equities research analysts recently commented on the company. ValuEngine cut Ally Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Wells Fargo & Co reiterated a “buy” rating on shares of Ally Financial in a report on Sunday, July 21st. Citigroup lifted their target price on Ally Financial from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Piper Jaffray Companies set a $41.00 target price on Ally Financial and gave the stock a “buy” rating in a report on Tuesday, September 10th. Finally, BTIG Research boosted their price target on Ally Financial to $39.00 and gave the company a “buy” rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $36.67.
About Ally Financial
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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