Bruni J V & Co. Co. Grows Position in Ally Financial Inc. (NYSE:ALLY)

Bruni J V & Co. Co. raised its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 0.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 930,900 shares of the financial services provider’s stock after buying an additional 2,302 shares during the period. Ally Financial makes up approximately 4.0% of Bruni J V & Co. Co.’s portfolio, making the stock its 10th largest position. Bruni J V & Co. Co.’s holdings in Ally Financial were worth $32,507,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Ally Financial by 1.0% in the third quarter. Vanguard Group Inc. now owns 28,009,495 shares of the financial services provider’s stock valued at $747,293,000 after purchasing an additional 290,842 shares in the last quarter. Bank of New York Mellon Corp raised its position in Ally Financial by 47.5% during the third quarter. Bank of New York Mellon Corp now owns 3,620,655 shares of the financial services provider’s stock worth $96,599,000 after acquiring an additional 1,165,220 shares in the last quarter. FMR LLC lifted its stake in Ally Financial by 47.1% in the third quarter. FMR LLC now owns 3,316,501 shares of the financial services provider’s stock valued at $88,484,000 after acquiring an additional 1,061,651 shares during the last quarter. Northern Trust Corp grew its position in shares of Ally Financial by 34.2% in the 3rd quarter. Northern Trust Corp now owns 3,122,515 shares of the financial services provider’s stock valued at $83,309,000 after acquiring an additional 795,754 shares during the period. Finally, AustralianSuper Pty Ltd raised its holdings in shares of Ally Financial by 15.7% in the 4th quarter. AustralianSuper Pty Ltd now owns 2,610,685 shares of the financial services provider’s stock valued at $91,165,000 after purchasing an additional 353,344 shares during the period. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. BMO Capital Markets lifted their price target on Ally Financial from $36.00 to $37.00 and gave the stock a “market perform” rating in a report on Friday, April 19th. StockNews.com raised shares of Ally Financial from a “sell” rating to a “hold” rating in a research report on Friday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Ally Financial in a report on Thursday, February 1st. Deutsche Bank Aktiengesellschaft started coverage on shares of Ally Financial in a report on Wednesday, January 10th. They issued a “buy” rating and a $47.00 price target on the stock. Finally, TD Cowen upped their target price on Ally Financial from $42.00 to $43.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $38.47.

Ally Financial Price Performance

NYSE:ALLY traded up $0.16 during mid-day trading on Friday, reaching $39.30. The stock had a trading volume of 2,147,774 shares, compared to its average volume of 3,627,179. The stock has a 50-day simple moving average of $38.04 and a two-hundred day simple moving average of $33.47. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.92. Ally Financial Inc. has a 12 month low of $22.54 and a 12 month high of $41.56. The stock has a market capitalization of $11.95 billion, a PE ratio of 16.04, a P/E/G ratio of 0.57 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.12. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the firm posted $0.82 EPS. The firm’s revenue was down 5.4% on a year-over-year basis. On average, equities analysts anticipate that Ally Financial Inc. will post 2.99 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, April 30th. This represents a $1.20 dividend on an annualized basis and a yield of 3.05%. Ally Financial’s dividend payout ratio is currently 48.98%.

Ally Financial Profile

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.