Stifel Financial Corp Increases Position in Ally Financial Inc. (ALLY)
Stifel Financial Corp raised its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 40.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,183 shares of the financial services provider’s stock after buying an additional 4,405 shares during the quarter. Stifel Financial Corp’s holdings in Ally Financial were worth $319,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of ALLY. Capstone Asset Management Co. acquired a new position in shares of Ally Financial during the 2nd quarter worth about $208,000. Achmea Investment Management B.V. acquired a new position in shares of Ally Financial during the 1st quarter worth about $210,000. Twin Tree Management LP acquired a new position in shares of Ally Financial during the 2nd quarter worth about $215,000. Pacer Advisors Inc. grew its position in shares of Ally Financial by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 11,614 shares of the financial services provider’s stock worth $243,000 after buying an additional 886 shares during the period. Finally, Grove Bank & Trust grew its position in shares of Ally Financial by 208.8% during the 2nd quarter. Grove Bank & Trust now owns 11,980 shares of the financial services provider’s stock worth $250,000 after buying an additional 8,100 shares during the period.
Shares of Ally Financial Inc. (NYSE ALLY) opened at $26.68 on Friday. The company has a market cap of $11.74 billion, a P/E ratio of 11.80, a P/E/G ratio of 2.33 and a beta of 1.46. The company has a quick ratio of 1.27, a current ratio of 1.21 and a debt-to-equity ratio of 3.32.
Ally Financial (NYSE:ALLY) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.08. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Ally Financial had a net margin of 14.75% and a return on equity of 7.72%. During the same quarter in the previous year, the business posted $0.56 earnings per share. equities analysts forecast that Ally Financial Inc. will post 2.27 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Tuesday, October 31st. Ally Financial’s payout ratio is currently 22.22%.
Several equities analysts have recently issued reports on ALLY shares. BidaskClub lowered Ally Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Stephens lowered Ally Financial from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $23.00 to $20.00 in a research report on Monday, July 17th. TheStreet upgraded Ally Financial from a “c” rating to a “b-” rating in a report on Wednesday, July 19th. Piper Jaffray Companies reiterated a “buy” rating on shares of Ally Financial in a report on Friday, July 28th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $31.00 price objective (up previously from $30.00) on shares of Ally Financial in a report on Sunday, July 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Ally Financial presently has a consensus rating of “Buy” and an average price target of $26.93.
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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