Personal Capital Advisors Corp bought a new stake in Ally Financial (NYSE:ALLY) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 362,790 shares of the financial services provider’s stock, valued at approximately $9,850,000. Personal Capital Advisors Corp owned about 0.08% of Ally Financial as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently modified their holdings of the stock. Greenleaf Trust lifted its stake in Ally Financial by 1.1% in the 4th quarter. Greenleaf Trust now owns 203,834 shares of the financial services provider’s stock valued at $5,944,000 after purchasing an additional 2,270 shares during the last quarter. BB&T Securities LLC lifted its stake in Ally Financial by 1.9% in the 4th quarter. BB&T Securities LLC now owns 123,699 shares of the financial services provider’s stock valued at $3,607,000 after purchasing an additional 2,343 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in Ally Financial by 3.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 84,883 shares of the financial services provider’s stock valued at $2,475,000 after purchasing an additional 2,583 shares during the last quarter. Financial Consulate Inc. lifted its position in Ally Financial by 2.5% during the fourth quarter. Financial Consulate Inc. now owns 113,532 shares of the financial services provider’s stock worth $3,311,000 after acquiring an additional 2,772 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Ally Financial by 34.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 14,055 shares of the financial services provider’s stock worth $410,000 after acquiring an additional 3,584 shares during the last quarter.
ALLY has been the subject of several research reports. Piper Jaffray Companies restated a “buy” rating on shares of Ally Financial in a research report on Friday, March 16th. Morgan Stanley cut their price objective on shares of Ally Financial from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, April 27th. BMO Capital Markets raised their price objective on shares of Ally Financial from $32.00 to $33.00 and gave the stock a “market perform” rating in a research report on Monday, March 19th. ValuEngine cut shares of Ally Financial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 1st. Finally, Sandler O’Neill reaffirmed a “hold” rating and set a $30.00 target price on shares of Ally Financial in a report on Friday, February 23rd. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $32.82.
Ally Financial opened at $27.46 on Wednesday, according to Marketbeat. The firm has a market cap of $11.65 billion, a price-to-earnings ratio of 11.49, a P/E/G ratio of 0.72 and a beta of 1.38. Ally Financial has a fifty-two week low of $18.26 and a fifty-two week high of $31.29. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 3.45.
Ally Financial (NYSE:ALLY) last posted its earnings results on Thursday, April 26th. The financial services provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Ally Financial had a net margin of 14.20% and a return on equity of 8.71%. During the same quarter in the previous year, the firm posted $0.48 earnings per share. sell-side analysts predict that Ally Financial will post 2.96 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, April 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.89%. Ally Financial’s payout ratio is presently 21.76%.
Ally Financial Company Profile
Ally Financial Inc provides various financial products and services for consumers, businesses, automotive dealers, and corporate clients in the United States and Canada. The company operates Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
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