Tredje AP fonden decreased its position in Ally Financial Inc. (NYSE:ALLY) by 17.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 71,263 shares of the company’s stock after selling 15,467 shares during the period. Tredje AP fonden’s holdings in Ally Financial were worth $1,355,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. Mn Services Vermogensbeheer B.V. raised its position in shares of Ally Financial by 3.0% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 11,067 shares of the company’s stock worth $215,000 after buying an additional 323 shares during the period. First Heartland Consultants Inc. raised its position in shares of Ally Financial by 1.0% in the third quarter. First Heartland Consultants Inc. now owns 49,500 shares of the company’s stock worth $964,000 after buying an additional 500 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Ally Financial by 9.1% in the third quarter. Daiwa Securities Group Inc. now owns 10,800 shares of the company’s stock worth $210,000 after buying an additional 900 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Ally Financial by 3.1% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 30,429 shares of the company’s stock worth $519,000 after buying an additional 926 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Ally Financial by 1.9% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 62,754 shares of the company’s stock worth $1,222,000 after buying an additional 1,170 shares during the period. 95.31% of the stock is currently owned by hedge funds and other institutional investors.
Ally Financial Inc. (NYSE:ALLY) traded down 0.99% during trading on Friday, reaching $22.99. 406,406 shares of the company traded hands. The firm has a market capitalization of $11.03 billion, a price-to-earnings ratio of 10.69 and a beta of 1.37. The firm’s 50 day moving average price is $20.75 and its 200 day moving average price is $19.61. Ally Financial Inc. has a 12-month low of $14.84 and a 12-month high of $23.62.
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Ally Financial (NYSE:ALLY) last posted its earnings results on Tuesday, January 31st. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.07. Ally Financial had a net margin of 16.34% and a return on equity of 7.86%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the company posted $0.52 EPS. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. Equities research analysts expect that Ally Financial Inc. will post $2.36 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 1st were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Monday, January 30th. Ally Financial’s payout ratio is 14.88%.
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A number of equities analysts have recently commented on ALLY shares. Citigroup Inc. reiterated a “buy” rating and set a $22.00 price target on shares of Ally Financial in a report on Thursday, October 27th. Stephens started coverage on shares of Ally Financial in a report on Tuesday, November 1st. They set an “equal weight” rating and a $22.00 price target on the stock. Zacks Investment Research lowered shares of Ally Financial from a “hold” rating to a “sell” rating in a report on Tuesday, November 1st. TheStreet upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a report on Wednesday, November 9th. Finally, Guggenheim reiterated a “buy” rating on shares of Ally Financial in a report on Sunday, December 4th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $25.38.
Ally Financial Company Profile
Ally Financial Inc is a financial holding company and a bank holding company. The Company’s banking subsidiary, Ally Bank, is a franchise in the Internet, telephone, mobile and mail banking market. The Company operates through three segments: Automotive Finance operations, Insurance operations and Mortgage operations.
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