Ally Financial Inc. (ALLY) Position Increased by Pitcairn Co.
Pitcairn Co. increased its position in shares of Ally Financial Inc. (NYSE:ALLY) by 21.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,723 shares of the financial services provider’s stock after buying an additional 5,177 shares during the period. Pitcairn Co.’s holdings in Ally Financial were worth $721,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in ALLY. Toronto Dominion Bank boosted its holdings in Ally Financial by 23.0% during the second quarter. Toronto Dominion Bank now owns 5,714 shares of the financial services provider’s stock worth $119,000 after buying an additional 1,070 shares in the last quarter. Capstone Asset Management Co. purchased a new stake in Ally Financial during the second quarter worth $208,000. Twin Tree Management LP purchased a new stake in Ally Financial during the second quarter worth $215,000. Tower Research Capital LLC TRC boosted its holdings in Ally Financial by 50.4% during the second quarter. Tower Research Capital LLC TRC now owns 10,455 shares of the financial services provider’s stock worth $219,000 after buying an additional 3,505 shares in the last quarter. Finally, QS Investors LLC boosted its holdings in Ally Financial by 0.7% during the second quarter. QS Investors LLC now owns 10,946 shares of the financial services provider’s stock worth $229,000 after buying an additional 74 shares in the last quarter.
Shares of Ally Financial Inc. (NYSE ALLY) traded up $0.07 during midday trading on Friday, hitting $25.57. 2,200,888 shares of the stock were exchanged, compared to its average volume of 3,439,330. The firm has a market capitalization of $11,275.74, a PE ratio of 11.33, a price-to-earnings-growth ratio of 2.24 and a beta of 1.46. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.21 and a quick ratio of 1.21. Ally Financial Inc. has a 1-year low of $17.83 and a 1-year high of $26.93.
Ally Financial (NYSE:ALLY) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.08. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Ally Financial had a net margin of 14.75% and a return on equity of 7.72%. During the same period in the prior year, the business earned $0.56 earnings per share. equities research analysts expect that Ally Financial Inc. will post 2.27 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Tuesday, October 31st. Ally Financial’s dividend payout ratio (DPR) is 22.22%.
A number of analysts recently issued reports on ALLY shares. TheStreet raised shares of Ally Financial from a “c” rating to a “b-” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Ally Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Tuesday, September 26th. Piper Jaffray Companies restated a “buy” rating on shares of Ally Financial in a research report on Friday, September 1st. BMO Capital Markets restated a “buy” rating and set a $26.00 price objective on shares of Ally Financial in a research report on Friday, August 25th. Finally, Jefferies Group LLC restated a “buy” rating and set a $28.00 price objective on shares of Ally Financial in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $26.93.
Ally Financial Company Profile
Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.
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