Bank of New York Mellon Corp lifted its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 1.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,683,736 shares of the financial services provider’s stock after buying an additional 114,270 shares during the quarter. Bank of New York Mellon Corp owned 1.96% of Ally Financial worth $210,668,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Toronto Dominion Bank increased its holdings in Ally Financial by 23.0% during the 2nd quarter. Toronto Dominion Bank now owns 5,714 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 1,070 shares during the last quarter. Capital Management Associates NY bought a new stake in shares of Ally Financial in the 3rd quarter valued at approximately $203,000. Capstone Asset Management Co. bought a new stake in shares of Ally Financial in the 2nd quarter valued at approximately $208,000. Crossmark Global Holdings Inc. bought a new stake in shares of Ally Financial in the 3rd quarter valued at approximately $241,000. Finally, Twin Tree Management LP bought a new stake in shares of Ally Financial in the 2nd quarter valued at approximately $215,000.
Shares of Ally Financial Inc. (NYSE ALLY) opened at $26.67 on Friday. Ally Financial Inc. has a 12 month low of $18.11 and a 12 month high of $26.93. 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 company has a market capitalization of $11,793.10, a price-to-earnings ratio of 11.85, a PEG ratio of 2.35 and a beta of 1.46.
Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.65 EPS for the quarter, topping the Zacks’ 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 for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the business earned $0.56 EPS. research analysts forecast that Ally Financial Inc. will post 2.27 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Tuesday, October 31st. Ally Financial’s dividend payout ratio is presently 22.22%.
A number of equities research analysts have recently weighed in on ALLY shares. BMO Capital Markets reiterated a “buy” rating and issued a $26.00 price target on shares of Ally Financial in a report on Friday, August 25th. Piper Jaffray Companies reiterated a “buy” rating on shares of Ally Financial in a report on Friday, September 1st. Credit Suisse Group reiterated a “buy” rating and issued a $28.00 price target on shares of Ally Financial in a report on Wednesday, October 4th. Zacks Investment Research upgraded Ally Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Tuesday, September 26th. Finally, Morgan Stanley boosted their price objective on Ally Financial from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target 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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