Ally Financial Inc (ALLY) Holdings Reduced by First Trust Advisors LP

First Trust Advisors LP cut its holdings in shares of Ally Financial Inc (NYSE:ALLY) by 9.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,495,272 shares of the financial services provider’s stock after selling 158,242 shares during the period. First Trust Advisors LP’s holdings in Ally Financial were worth $43,602,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in Ally Financial by 7.2% during the third quarter. JPMorgan Chase & Co. now owns 18,536,031 shares of the financial services provider’s stock valued at $442,825,000 after acquiring an additional 1,251,678 shares during the period. Bank of New York Mellon Corp raised its holdings 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 period. King Street Capital Management L.P. raised its holdings in Ally Financial by 40.5% during the third quarter. King Street Capital Management L.P. now owns 6,933,000 shares of the financial services provider’s stock valued at $168,195,000 after acquiring an additional 2,000,000 shares during the period. Dimensional Fund Advisors LP raised its holdings in Ally Financial by 2.7% during the third quarter. Dimensional Fund Advisors LP now owns 6,814,886 shares of the financial services provider’s stock valued at $165,315,000 after acquiring an additional 176,020 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in Ally Financial by 13.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,993,000 shares of the financial services provider’s stock valued at $145,390,000 after acquiring an additional 717,100 shares during the period.

ALLY has been the topic of a number of recent analyst reports. Morgan Stanley reissued an “equal weight” rating and set a $28.00 price target (up from $26.00) on shares of Ally Financial in a report on Thursday, November 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 report on Wednesday, January 31st. Zacks Investment Research raised Ally Financial from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Tuesday, January 2nd. Jefferies Group reaffirmed a “buy” rating and issued a $35.00 target price on shares of Ally Financial in a report on Thursday, January 11th. Finally, ValuEngine raised Ally Financial from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $32.56.

Ally Financial Inc (NYSE ALLY) opened at $28.67 on Friday. The company has a market capitalization of $12,530.34, a PE ratio of 11.90, a P/E/G ratio of 0.75 and a beta of 1.39. 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.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 1st were given a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $0.52 annualized dividend and a yield of 1.81%. This is a positive change from Ally Financial’s previous quarterly dividend of $0.12. Ally Financial’s dividend payout ratio (DPR) is currently 25.37%.

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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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