Dynamic Technology Lab Private Ltd bought a new stake in shares of Ally Financial Inc. (NYSE:ALLY – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,147 shares of the financial services provider’s stock, valued at approximately $459,000.
Other large investors have also recently made changes to their positions in the company. Northwest Financial Advisors purchased a new stake in Ally Financial during the 4th quarter valued at approximately $31,000. NBC Securities Inc. acquired a new stake in Ally Financial in the third quarter valued at approximately $26,000. Friedenthal Financial purchased a new position in Ally Financial in the fourth quarter worth $50,000. Harvest Fund Management Co. Ltd increased its position in shares of Ally Financial by 337.8% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,563 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 1,206 shares in the last quarter. Finally, Rakuten Securities Inc. acquired a new position in shares of Ally Financial during the fourth quarter worth $67,000. 88.76% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the company. Compass Point boosted their target price on Ally Financial from $28.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. StockNews.com upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Bank of America upgraded shares of Ally Financial from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $42.00 to $46.00 in a research note on Tuesday, April 9th. Evercore ISI upped their price target on shares of Ally Financial from $41.00 to $43.00 and gave the company an “in-line” rating in a research note on Thursday, March 28th. Finally, TD Cowen raised their price target on shares of Ally Financial from $42.00 to $43.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $38.47.
View Our Latest Stock Report on ALLY
Ally Financial Price Performance
NYSE:ALLY opened at $38.80 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $11.79 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 0.47 and a beta of 1.39. The stock’s 50-day moving average price is $39.08 and its 200-day moving average price is $35.53. Ally Financial Inc. has a 52 week low of $22.54 and a 52 week high of $41.77.
Ally Financial (NYSE:ALLY – Get Free Report) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.33 by $0.12. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Ally Financial had a return on equity of 8.35% and a net margin of 10.59%. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.82 earnings per share. As a group, equities analysts expect that Ally Financial Inc. will post 3 EPS for the current fiscal year.
Ally Financial Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $1.20 annualized dividend and a dividend yield of 3.09%. Ally Financial’s dividend payout ratio (DPR) is 48.98%.
About Ally Financial
(Free Report)
Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
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