Trust Co. of Toledo NA OH reduced its position in shares of Ally Financial Inc. (NYSE:ALLY – Free Report) by 7.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,169 shares of the financial services provider’s stock after selling 1,166 shares during the period. Trust Co. of Toledo NA OH’s holdings in Ally Financial were worth $591,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in ALLY. WPG Advisers LLC acquired a new position in Ally Financial during the first quarter valued at approximately $25,000. Copia Wealth Management acquired a new position in Ally Financial during the first quarter valued at approximately $27,000. SVB Wealth LLC acquired a new position in Ally Financial during the first quarter valued at approximately $27,000. Private Trust Co. NA raised its position in Ally Financial by 125.7% during the first quarter. Private Trust Co. NA now owns 914 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 509 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in Ally Financial by 59.6% during the first quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 377 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages have commented on ALLY. Royal Bank Of Canada restated an “outperform” rating on shares of Ally Financial in a research report on Monday, July 14th. Keefe, Bruyette & Woods decreased their target price on shares of Ally Financial from $56.00 to $51.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Evercore ISI decreased their target price on shares of Ally Financial from $45.00 to $44.00 and set an “in-line” rating on the stock in a research note on Tuesday, September 30th. JPMorgan Chase & Co. decreased their target price on shares of Ally Financial from $45.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ally Financial in a research note on Saturday, September 27th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Ally Financial presently has an average rating of “Moderate Buy” and a consensus target price of $45.14.
Ally Financial Stock Performance
Shares of Ally Financial stock opened at $36.96 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.30. Ally Financial Inc. has a twelve month low of $29.52 and a twelve month high of $44.83. The stock has a market cap of $11.38 billion, a price-to-earnings ratio of 24.00, a P/E/G ratio of 0.29 and a beta of 1.18. The company’s fifty day moving average is $40.21 and its 200 day moving average is $37.40.
Ally Financial (NYSE:ALLY – Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.99 earnings per share for the quarter. Ally Financial had a net margin of 7.64% and a return on equity of 9.48%. The company had revenue of $2.06 billion for the quarter. Sell-side analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current year.
Ally Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.2%. Ally Financial’s payout ratio is currently 77.92%.
About Ally Financial
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.
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