BLB&B Advisors LLC Reduces Stake in Ally Financial Inc (ALLY)
BLB&B Advisors LLC lowered its stake in Ally Financial Inc (NYSE:ALLY) by 19.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,325 shares of the financial services provider’s stock after selling 1,780 shares during the quarter. BLB&B Advisors LLC’s holdings in Ally Financial were worth $214,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Toronto Dominion Bank lifted its holdings in shares of Ally Financial by 23.0% in 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 bought a new position in shares of Ally Financial in the third quarter worth about $203,000. Crossmark Global Holdings Inc. bought a new position in shares of Ally Financial in the third quarter worth about $241,000. Tower Research Capital LLC TRC lifted its holdings in shares of Ally Financial by 50.4% in the second quarter. Tower Research Capital LLC TRC now owns 10,455 shares of the financial services provider’s stock worth $219,000 after acquiring an additional 3,505 shares during the last quarter. Finally, QS Investors LLC lifted its holdings in shares of Ally Financial by 0.7% in the second quarter. QS Investors LLC now owns 10,946 shares of the financial services provider’s stock worth $229,000 after acquiring an additional 74 shares during the last quarter.
A number of research analysts have recently commented on ALLY shares. Barclays increased their target price on shares of Ally Financial from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. BMO Capital Markets reissued a “buy” rating and issued a $26.00 target price on shares of Ally Financial in a report on Friday, October 6th. Credit Suisse Group reissued a “buy” rating and issued a $28.00 target price on shares of Ally Financial in a report on Wednesday, October 4th. Zacks Investment Research raised shares of Ally Financial from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Tuesday, January 2nd. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $35.00 target price on shares of Ally Financial in a report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $30.88.
Ally Financial Inc (NYSE:ALLY) opened at $30.31 on Wednesday. Ally Financial Inc has a 52 week low of $18.11 and a 52 week high of $30.95. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 3.32. The stock has a market capitalization of $13,400.00, a P/E ratio of 14.10, a PEG ratio of 0.90 and a beta of 1.46.
Ally Financial (NYSE:ALLY) last released 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 company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the firm posted $0.56 earnings per share. analysts expect that Ally Financial Inc will post 2.28 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Wednesday, January 31st. This is an increase from Ally Financial’s previous quarterly dividend of $0.12. Ally Financial’s dividend payout ratio is currently 22.33%.
About Ally Financial
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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