Ally Financial Inc (ALLY) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP grew its stake in Ally Financial Inc (NYSE:ALLY) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,814,886 shares of the financial services provider’s stock after purchasing an additional 176,020 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.54% of Ally Financial worth $165,315,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in ALLY. Tiedemann Wealth Management LLC boosted its position in Ally Financial by 70.4% during the third quarter. Tiedemann Wealth Management LLC now owns 20,169 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 8,332 shares during the last quarter. Toronto Dominion Bank boosted its position 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 acquiring an additional 1,070 shares during the last quarter. Capital Management Associates NY acquired a new position in Ally Financial during the third quarter worth about $203,000. Capstone Asset Management Co. acquired a new position in Ally Financial during the second quarter worth about $208,000. Finally, Twin Tree Management LP acquired a new position in Ally Financial during the second quarter worth about $215,000.
A number of equities analysts recently weighed in on ALLY shares. 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 target on shares of Ally Financial in a research report on Friday, August 25th. Jefferies Group restated a “buy” rating and set a $28.00 price target on shares of Ally Financial in a research report on Wednesday, August 23rd. Zacks Investment Research raised shares of Ally Financial from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Tuesday, September 26th. Finally, Citigroup initiated coverage on shares of Ally Financial in a research note on Monday, October 16th. They set a “buy” rating and a $30.00 target price on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Ally Financial presently has a consensus rating of “Buy” and a consensus price target of $28.00.
Shares of Ally Financial Inc (NYSE ALLY) opened at $28.68 on Thursday. The stock has a market cap of $12,894.14, a P/E ratio of 12.96, a PEG ratio of 2.56 and a beta of 1.46. Ally Financial Inc has a 52 week low of $18.11 and a 52 week high of $29.34. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 3.32.
Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.08. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate 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 previous year, the firm earned $0.56 EPS. sell-side analysts anticipate that Ally Financial Inc will post 2.27 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Tuesday, October 31st. Ally Financial’s dividend payout ratio (DPR) is 22.22%.
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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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