Ameriprise Financial Inc. Has $15.76 Million Position in Ally Financial Inc (ALLY)
Ameriprise Financial Inc. cut its holdings in Ally Financial Inc (NYSE:ALLY) by 20.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 649,506 shares of the financial services provider’s stock after selling 164,663 shares during the quarter. Ameriprise Financial Inc. owned 0.15% of Ally Financial worth $15,760,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of ALLY. Toronto Dominion Bank grew 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. Capital Management Associates NY bought a new stake in Ally Financial during the third quarter worth $203,000. Capstone Asset Management Co. bought a new stake in Ally Financial during the second quarter worth $208,000. Twin Tree Management LP bought a new stake in Ally Financial during the second quarter worth $215,000. Finally, Tower Research Capital LLC TRC grew 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.
A number of research analysts have issued reports on ALLY shares. BMO Capital Markets restated a “buy” rating and issued a $26.00 price objective on shares of Ally Financial in a research note on Friday, August 25th. Zacks Investment Research upgraded Ally Financial from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Tuesday, September 26th. Morgan Stanley increased their price target on Ally Financial from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, October 26th. Citigroup began coverage on Ally Financial in a research note on Monday, October 16th. They set a “buy” rating and a $30.00 price target for the company. Finally, Piper Jaffray Companies reissued a “buy” rating on shares of Ally Financial in a report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Ally Financial presently has an average rating of “Buy” and a consensus target price of $28.00.
Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.08. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. Ally Financial had a return on equity of 7.72% and a net margin of 14.75%. During the same period last year, the company earned $0.56 EPS. analysts predict that Ally Financial Inc will post 2.27 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were given 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 1.68%. Ally Financial’s dividend payout ratio is currently 22.22%.
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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