Financial Consulate Inc. lifted its holdings in Ally Financial Inc (NYSE:ALLY) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 113,532 shares of the financial services provider’s stock after buying an additional 2,772 shares during the period. Ally Financial comprises 1.7% of Financial Consulate Inc.’s holdings, making the stock its 13th largest holding. Financial Consulate Inc.’s holdings in Ally Financial were worth $3,311,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Harvest Fund Management Co. Ltd bought a new position in Ally Financial during the 4th quarter valued at about $132,000. Toronto Dominion Bank grew its stake in Ally Financial by 23.0% in the 2nd quarter. Toronto Dominion Bank now owns 5,714 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 1,070 shares in the last quarter. Acadian Asset Management LLC bought a new position in Ally Financial in the 4th quarter worth about $178,000. Capital Management Associates NY bought a new position in Ally Financial in the 3rd quarter worth about $203,000. Finally, Creative Planning bought a new position in Ally Financial in the 4th quarter worth about $247,000.
Ally Financial Inc (NYSE ALLY) traded up $0.35 during trading hours on Tuesday, reaching $28.42. 1,091,652 shares of the company were exchanged, compared to its average volume of 3,827,827. Ally Financial Inc has a 12 month low of $18.11 and a 12 month high of $31.29. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $12,049.58, a PE ratio of 13.81, a price-to-earnings-growth ratio of 0.72 and a beta of 1.39.
Ally Financial (NYSE:ALLY) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.11. Ally Financial had a net margin of 13.73% and a return on equity of 8.10%. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. Ally Financial’s revenue for the quarter was up 7.7% compared to the same quarter last year. equities analysts anticipate that Ally Financial Inc will post 3.02 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be paid a dividend of $0.13 per share. This is a positive change from Ally Financial’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $0.52 dividend on an annualized basis and a yield of 1.83%. Ally Financial’s dividend payout ratio is presently 25.37%.
ALLY has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods restated a “buy” rating and issued a $35.00 target price on shares of Ally Financial in a research note on Friday, December 22nd. Piper Jaffray Companies restated a “buy” rating and issued a $32.00 target price on shares of Ally Financial in a research note on Thursday, December 7th. Goldman Sachs Group began coverage on shares of Ally Financial in a research note on Monday, December 4th. They issued a “buy” rating and a $32.00 target price on the stock. BTIG Research reaffirmed a “buy” rating and issued a $30.00 price target on shares of Ally Financial in a research report on Thursday, October 26th. Finally, BidaskClub cut shares of Ally Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Ally Financial has an average rating of “Buy” and an average 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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