Iridian Asset Management LLC CT decreased its position in shares of Ally Financial Inc. (NYSE:ALLY) by 24.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,258,698 shares of the financial services provider’s stock after selling 1,075,557 shares during the period. Iridian Asset Management LLC CT owned 0.74% of Ally Financial worth $79,056,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its position in Ally Financial by 21.3% during the third quarter. Russell Investments Group Ltd. now owns 2,294,095 shares of the financial services provider’s stock valued at $55,638,000 after acquiring an additional 403,106 shares during the last quarter. HighPoint Advisor Group LLC purchased a new stake in Ally Financial during the third quarter valued at approximately $367,000. Bank of New York Mellon Corp lifted its position in Ally Financial by 1.3% during the third quarter. Bank of New York Mellon Corp now owns 8,683,736 shares of the financial services provider’s stock valued at $210,668,000 after acquiring an additional 114,270 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in Ally Financial by 23.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 476,626 shares of the financial services provider’s stock valued at $10,848,000 after acquiring an additional 90,293 shares during the last quarter. Finally, Capital Management Associates NY purchased a new stake in Ally Financial during the third quarter valued at approximately $203,000.
Shares of Ally Financial Inc. (NYSE:ALLY) traded up $0.19 during trading on Friday, hitting $26.42. 4,444,300 shares of the company traded hands, compared to its average volume of 4,376,195. The stock has a market capitalization of $11,780.00, a PE ratio of 11.66, a PEG ratio of 2.31 and a beta of 1.46. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 3.32. Ally Financial Inc. has a 12-month low of $18.11 and a 12-month high of $26.93.
Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.08. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates 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 last year, the business earned $0.56 earnings per share. analysts predict that Ally Financial Inc. will post 2.27 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.48 annualized dividend and a yield of 1.82%. Ally Financial’s dividend payout ratio is presently 22.33%.
A number of equities research analysts recently commented on the stock. Sanford C. Bernstein reissued an “outperform” rating and set a $31.00 target price (up previously from $30.00) on shares of Ally Financial in a research report on Sunday, July 30th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Ally Financial in a report on Friday, July 28th. Zacks Investment Research raised shares of Ally Financial from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Tuesday, September 26th. BMO Capital Markets reaffirmed a “buy” rating and issued a $26.00 price target on shares of Ally Financial in a report on Friday, August 25th. Finally, Morgan Stanley raised their price target 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Ally Financial currently has a consensus rating of “Buy” and a consensus target price of $26.93.
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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