Lazard Asset Management LLC lifted its stake in shares of Ally Financial Inc (NYSE:ALLY) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 497,463 shares of the financial services provider’s stock after acquiring an additional 17,912 shares during the period. Lazard Asset Management LLC owned approximately 0.11% of Ally Financial worth $14,505,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Tiedemann Wealth Management LLC increased its position in shares of Ally Financial by 70.4% during the third quarter. Tiedemann Wealth Management LLC now owns 20,169 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 8,332 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Ally Financial during the fourth quarter worth $132,000. Meeder Asset Management Inc. bought a new stake in shares of Ally Financial during the fourth quarter worth $140,000. Global Trust Asset Management LLC bought a new stake in shares of Ally Financial during the fourth quarter worth $163,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Ally Financial during the fourth quarter worth $178,000.
Shares of Ally Financial Inc (ALLY) traded down $0.72 during mid-day trading on Wednesday, reaching $27.85. 3,092,324 shares of the company’s stock were exchanged, compared to its average volume of 3,390,000. The firm has a market capitalization of $12,110.00, a PE ratio of 12.11, a P/E/G ratio of 0.75 and a beta of 1.39. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 3.28. Ally Financial Inc has a 12-month low of $18.11 and a 12-month high of $31.29.
Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.11. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Ally Financial had a net margin of 13.73% and a return on equity of 8.10%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.54 earnings per share. research analysts expect that Ally Financial Inc will post 3.03 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Wednesday, January 31st. This is a boost from Ally Financial’s previous quarterly dividend of $0.12. Ally Financial’s dividend payout ratio (DPR) is currently 22.61%.
Several research analysts recently commented on the stock. JPMorgan Chase & Co. cut shares of Ally Financial from an “overweight” rating to a “neutral” rating in a report on Friday, January 12th. Barclays increased their target price on shares of Ally Financial from $26.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Zacks Investment Research upgraded shares of Ally Financial from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Tuesday, January 2nd. ValuEngine upgraded shares of Ally Financial from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Finally, Sandler O’Neill restated a “hold” rating on shares of Ally Financial in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $32.41.
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Ally Financial 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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