Janus Henderson Group PLC increased its stake in Ally Financial Inc (NYSE:ALLY) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,232,218 shares of the financial services provider’s stock after purchasing an additional 55,955 shares during the quarter. Janus Henderson Group PLC owned approximately 0.28% of Ally Financial worth $29,894,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp grew its position in Ally Financial by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 8,683,736 shares of the financial services provider’s stock worth $210,668,000 after acquiring an additional 114,270 shares in the last quarter. Bank of Nova Scotia bought a new stake in Ally Financial in the second quarter worth about $2,262,000. Chicago Equity Partners LLC lifted its stake in Ally Financial by 104.6% in the second quarter. Chicago Equity Partners LLC now owns 213,495 shares of the financial services provider’s stock worth $4,462,000 after purchasing an additional 109,145 shares during the last quarter. State Treasurer State of Michigan lifted its stake in Ally Financial by 163.0% in the third quarter. State Treasurer State of Michigan now owns 3,762,933 shares of the financial services provider’s stock worth $91,289,000 after purchasing an additional 2,331,967 shares during the last quarter. Finally, Saturna Capital CORP bought a new stake in Ally Financial in the third quarter worth about $635,000.
Shares of Ally Financial Inc (NYSE:ALLY) traded up $0.03 during midday trading on Friday, reaching $30.53. 3,729,471 shares of the company traded hands, compared to its average volume of 3,594,267. Ally Financial Inc has a one year low of $18.11 and a one year high of $30.65. The stock has a market cap of $13,500.00, a PE ratio of 14.20, a PEG ratio of 1.16 and a beta of 1.46. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.21 and a current ratio of 1.21.
Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.08. Ally Financial had a net margin of 14.75% and a return on equity of 7.72%. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the prior year, the company earned $0.56 EPS. research analysts anticipate that Ally Financial Inc will post 2.28 earnings per share for the current fiscal year.
ALLY has been the subject of several research analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $28.00 price target (up previously from $26.00) on shares of Ally Financial in a research note on Thursday, November 30th. Zacks Investment Research raised shares of Ally Financial from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Tuesday, January 2nd. Jefferies Group reissued a “buy” rating and set a $35.00 price objective on shares of Ally Financial in a report on Thursday. ValuEngine raised shares of Ally Financial from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $28.00 price target on shares of Ally Financial in a report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Ally Financial currently has an average rating of “Buy” and an average price target of $30.88.
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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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