Legal & General Group Plc lifted its holdings in shares of Ally Financial Inc (NYSE:ALLY) by 2.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,145,175 shares of the financial services provider’s stock after purchasing an additional 60,615 shares during the period. Legal & General Group Plc owned 0.52% of Ally Financial worth $48,601,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Private Capital Group LLC lifted its holdings in Ally Financial by 53.5% during the 4th quarter. Private Capital Group LLC now owns 1,820 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 634 shares during the last quarter. Enlightenment Research LLC acquired a new position in shares of Ally Financial during the 4th quarter worth $54,000. Kinneret Advisory LLC acquired a new position in shares of Ally Financial during the 4th quarter worth $121,000. Quantamental Technologies LLC acquired a new position in shares of Ally Financial during the 4th quarter worth $155,000. Finally, Bessemer Group Inc. raised its holdings in shares of Ally Financial by 68.3% during the 4th quarter. Bessemer Group Inc. now owns 7,895 shares of the financial services provider’s stock worth $179,000 after buying an additional 3,204 shares in the last quarter.
A number of research firms have recently commented on ALLY. Oppenheimer set a $33.00 price target on Ally Financial and gave the stock a “buy” rating in a report on Wednesday. Zacks Investment Research upgraded Ally Financial from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Thursday, April 11th. Sandler O’Neill upgraded Ally Financial from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $29.00 to $33.00 in a research report on Tuesday, February 26th. They noted that the move was a valuation call. BTIG Research assumed coverage on Ally Financial in a research report on Thursday, January 24th. Finally, ValuEngine upgraded Ally Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $32.33.
Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.79 by $0.01. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.53 billion. Ally Financial had a return on equity of 11.01% and a net margin of 23.12%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 earnings per share. As a group, research analysts anticipate that Ally Financial Inc will post 3.62 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Tuesday, April 30th. Ally Financial’s dividend payout ratio (DPR) is 20.36%.
In related news, CEO Jeffrey Jonathan Brown sold 97,311 shares of the stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $27.01, for a total value of $2,628,370.11. Following the sale, the chief executive officer now owns 632,569 shares in the company, valued at $17,085,688.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO David J. Debrunner sold 2,222 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $27.73, for a total value of $61,616.06. Following the sale, the chief accounting officer now owns 112,423 shares in the company, valued at approximately $3,117,489.79. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.
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Ally Financial 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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