Ally Financial Inc (ALLY) Holdings Boosted by KBC Group NV

KBC Group NV raised its stake in shares of Ally Financial Inc (NYSE:ALLY) by 27.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,034,413 shares of the financial services provider’s stock after acquiring an additional 221,157 shares during the period. KBC Group NV owned about 0.24% of Ally Financial worth $30,164,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ALLY. QS Investors LLC raised its stake in shares of Ally Financial by 0.7% during the 2nd quarter. QS Investors LLC now owns 10,946 shares of the financial services provider’s stock worth $229,000 after purchasing an additional 74 shares during the period. Toronto Dominion Bank raised its stake in shares of 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 period. Advantage Investment Management LLC raised its stake in shares of Ally Financial by 11.5% during the 3rd quarter. Advantage Investment Management LLC now owns 19,180 shares of the financial services provider’s stock worth $465,000 after purchasing an additional 1,975 shares during the period. Sterling Capital Management LLC raised its stake in shares of Ally Financial by 14.6% during the 3rd quarter. Sterling Capital Management LLC now owns 18,000 shares of the financial services provider’s stock worth $437,000 after purchasing an additional 2,300 shares during the period. Finally, Graybill Bartz & Assoc Ltd. raised its stake in shares of Ally Financial by 1.5% during the 4th quarter. Graybill Bartz & Assoc Ltd. now owns 168,044 shares of the financial services provider’s stock worth $4,900,000 after purchasing an additional 2,550 shares during the period.

Shares of Ally Financial Inc (ALLY) opened at $27.57 on Friday. Ally Financial Inc has a twelve month low of $18.11 and a twelve month high of $31.29. The firm has a market capitalization of $12,049.58, a PE ratio of 11.44, a P/E/G ratio of 0.72 and a beta of 1.39. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 3.32.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.11. Ally Financial had a return on equity of 8.10% and a net margin of 13.73%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the firm posted $0.54 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. analysts forecast that Ally Financial Inc will post 3.02 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $0.52 annualized dividend and a yield of 1.89%. This is a positive change from Ally Financial’s previous quarterly dividend of $0.12. Ally Financial’s dividend payout ratio (DPR) is 25.37%.

A number of research firms have recently commented on ALLY. Oppenheimer set a $38.00 target price on Ally Financial and gave the stock a “buy” rating in a research note on Tuesday, January 30th. BMO Capital Markets cut Ally Financial from an “outperform” rating to a “market perform” rating and set a $32.00 target price on the stock. in a research note on Wednesday, January 31st. Wells Fargo & Co reiterated an “outperform” rating and set a $35.00 target price (up from $30.00) on shares of Ally Financial in a research note on Wednesday, January 31st. Morgan Stanley lifted their target price on Ally Financial from $28.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Finally, Credit Suisse Group lifted their target price on Ally Financial from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $32.56.

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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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Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

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