Ally Financial Inc. (ALLY) Shares Bought by EJF Capital LLC
EJF Capital LLC increased its stake in Ally Financial Inc. (NYSE:ALLY) by 61.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,707,074 shares of the financial services provider’s stock after purchasing an additional 650,000 shares during the period. Ally Financial accounts for 4.3% of EJF Capital LLC’s portfolio, making the stock its 6th largest position. EJF Capital LLC owned approximately 0.39% of Ally Financial worth $41,414,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wetherby Asset Management Inc. boosted its holdings in shares of Ally Financial by 0.5% in the 2nd quarter. Wetherby Asset Management Inc. now owns 12,247 shares of the financial services provider’s stock worth $256,000 after acquiring an additional 56 shares in the last quarter. QS Investors LLC increased its position in shares of Ally Financial by 0.7% in the 2nd quarter. QS Investors LLC now owns 10,946 shares of the financial services provider’s stock valued at $229,000 after buying an additional 74 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Ally Financial by 0.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 28,029 shares of the financial services provider’s stock valued at $586,000 after buying an additional 107 shares in the last quarter. Cadence Capital Management LLC increased its position in shares of Ally Financial by 0.8% in the 2nd quarter. Cadence Capital Management LLC now owns 14,986 shares of the financial services provider’s stock valued at $313,000 after buying an additional 126 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its stake in shares of Ally Financial by 0.5% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 86,776 shares of the financial services provider’s stock worth $1,814,000 after buying an additional 411 shares during the last quarter.
Shares of Ally Financial Inc. (NYSE:ALLY) traded up $0.31 during mid-day trading on Tuesday, reaching $27.56. The company had a trading volume of 3,642,600 shares, compared to its average volume of 4,305,453. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $12,049.57, a price-to-earnings ratio of 12.11, a PEG ratio of 2.40 and a beta of 1.46. Ally Financial Inc. has a 52-week low of $18.11 and a 52-week high of $27.94.
Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.08. Ally Financial had a return on equity of 7.72% and a net margin of 14.75%. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the business earned $0.56 earnings per share. equities research analysts anticipate that Ally Financial Inc. will post 2.27 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were paid a $0.12 dividend. The ex-dividend date was Tuesday, October 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.74%. Ally Financial’s dividend payout ratio (DPR) is currently 22.22%.
A number of equities analysts recently weighed in on the stock. Piper Jaffray Companies reissued a “buy” rating on shares of Ally Financial in a research note on Friday, September 1st. BMO Capital Markets reissued a “buy” rating and set a $26.00 target price on shares of Ally Financial in a research report on Friday, August 25th. Jefferies Group reiterated a “buy” rating and issued a $28.00 target price on shares of Ally Financial in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Ally Financial from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Tuesday, September 26th. Finally, Citigroup assumed coverage on shares of Ally Financial in a research note on Monday, October 16th. They set a “buy” rating and a $30.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $27.56.
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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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