Capital Management Associates NY Invests $203,000 in Ally Financial Inc. (ALLY)
Capital Management Associates NY acquired a new position in shares of Ally Financial Inc. (NYSE:ALLY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,350 shares of the financial services provider’s stock, valued at approximately $203,000.
Several other hedge funds also recently added to or reduced their stakes in ALLY. Toronto Dominion Bank lifted its position in Ally Financial by 23.0% in the 2nd quarter. Toronto Dominion Bank now owns 5,714 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 1,070 shares in the last quarter. Capstone Asset Management Co. bought a new position in shares of Ally Financial during the 2nd quarter worth approximately $208,000. Crossmark Global Holdings Inc. bought a new position in shares of Ally Financial during the 3rd quarter worth approximately $241,000. Twin Tree Management LP bought a new position in shares of Ally Financial during the 2nd quarter worth approximately $215,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Ally Financial by 50.4% during the 2nd 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.
Several equities analysts have commented on ALLY shares. BidaskClub cut shares of Ally Financial from a “buy” rating to a “hold” rating in a research report on Sunday, July 23rd. Stephens cut shares of Ally Financial from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $23.00 to $20.00 in a research report on Monday, July 17th. Piper Jaffray Companies reissued a “buy” rating on shares of Ally Financial in a research report on Wednesday, October 4th. TheStreet raised shares of Ally Financial from a “c” rating to a “b-” rating in a research report on Wednesday, July 19th. Finally, Credit Suisse Group lifted their target price on shares of Ally Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $26.93.
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Ally Financial Inc. (NYSE ALLY) traded up $0.08 during trading on Tuesday, reaching $25.65. 2,267,200 shares of the company were exchanged, compared to its average volume of 4,382,828. Ally Financial Inc. has a fifty-two week low of $18.11 and a fifty-two week high of $26.93. The stock has a market cap of $11,306.69, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 2.25 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 (NYSE:ALLY) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.08. Ally Financial had a net margin of 14.75% and a return on equity of 7.72%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the business earned $0.56 EPS. equities research analysts anticipate that Ally Financial Inc. will post 2.27 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.48 dividend on an annualized basis and a yield of 1.87%. Ally Financial’s dividend payout ratio is 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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