Ally Financial Inc. (ALLY) Shares Bought by Hartford Investment Management Co.
Hartford Investment Management Co. increased its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 12.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,783 shares of the company’s stock after buying an additional 1,431 shares during the period. Hartford Investment Management Co.’s holdings in Ally Financial were worth $218,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in Ally Financial by 1.7% in the first quarter. Geode Capital Management LLC now owns 2,889,510 shares of the company’s stock valued at $54,064,000 after buying an additional 49,477 shares during the period. Legal & General Group Plc raised its stake in Ally Financial by 5.7% in the first quarter. Legal & General Group Plc now owns 2,436,413 shares of the company’s stock valued at $45,589,000 after buying an additional 131,651 shares during the period. Riverhead Capital Management LLC purchased a new stake in Ally Financial during the first quarter valued at about $1,052,000. First Manhattan Co. raised its stake in Ally Financial by 38.3% in the first quarter. First Manhattan Co. now owns 3,460,522 shares of the company’s stock valued at $64,780,000 after buying an additional 957,797 shares during the period. Finally, State Street Corp raised its stake in Ally Financial by 10.4% in the first quarter. State Street Corp now owns 10,102,562 shares of the company’s stock valued at $189,122,000 after buying an additional 947,745 shares during the period.
Shares of Ally Financial Inc. (NYSE:ALLY) traded down 1.54% on Friday, hitting $19.20. 6,359,675 shares of the stock were exchanged. The company’s 50 day moving average is $19.08 and its 200-day moving average is $17.85. Ally Financial Inc. has a 52-week low of $14.55 and a 52-week high of $21.75. The stock’s market cap is $9.21 billion.
Ally Financial (NYSE:ALLY) last posted its earnings results on Tuesday, July 26th. The company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.03. Ally Financial had a net margin of 17.61% and a return on equity of 17.19%. During the same period in the previous year, the company earned $0.46 EPS. Analysts predict that Ally Financial Inc. will post $2.26 EPS for the current fiscal year.
Several equities research analysts have recently issued reports on ALLY shares. JPMorgan Chase & Co. restated a “buy” rating and issued a $27.00 target price on shares of Ally Financial in a report on Thursday, June 9th. Deutsche Bank AG restated a “buy” rating on shares of Ally Financial in a report on Thursday, June 2nd. Jefferies Group restated a “buy” rating and issued a $28.00 target price on shares of Ally Financial in a report on Sunday, May 22nd. BTIG Research reiterated a “buy” rating on shares of Ally Financial in a report on Thursday, June 30th. Finally, Zacks Investment Research upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a report on Tuesday, June 21st. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $25.25.
About Ally Financial
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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