AMP Capital Investors Ltd lifted its holdings in shares of Ally Financial Inc (NYSE:ALLY) by 29.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 289,091 shares of the financial services provider’s stock after purchasing an additional 65,988 shares during the period. AMP Capital Investors Ltd owned about 0.07% of Ally Financial worth $8,771,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Balasa Dinverno & Foltz LLC increased its stake in shares of Ally Financial by 373.0% during the 2nd quarter. Balasa Dinverno & Foltz LLC now owns 39,776 shares of the financial services provider’s stock worth $1,233,000 after purchasing an additional 31,366 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in Ally Financial in the 1st quarter worth approximately $1,253,000. DekaBank Deutsche Girozentrale grew its stake in Ally Financial by 2.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 424,005 shares of the financial services provider’s stock worth $11,477,000 after acquiring an additional 10,797 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in Ally Financial in the 2nd quarter worth approximately $220,000. Finally, Toronto Dominion Bank grew its stake in Ally Financial by 30.8% in the 1st quarter. Toronto Dominion Bank now owns 74,377 shares of the financial services provider’s stock worth $2,044,000 after acquiring an additional 17,534 shares during the period. 95.51% of the stock is owned by institutional investors and hedge funds.
Shares of ALLY opened at $33.55 on Friday. The firm has a market cap of $13.23 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 0.67 and a beta of 1.31. The company’s fifty day moving average is $32.32 and its two-hundred day moving average is $30.47. Ally Financial Inc has a fifty-two week low of $20.60 and a fifty-two week high of $35.42. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.62.
Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.09. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.53 billion. Ally Financial had a net margin of 26.59% and a return on equity of 10.89%. Ally Financial’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the business earned $0.83 EPS. As a group, equities research analysts anticipate that Ally Financial Inc will post 3.74 earnings per share for the current year.
Several research firms have commented on ALLY. Zacks Investment Research cut shares of Ally Financial from a “buy” rating to a “hold” rating and set a $33.00 target price for the company. in a research note on Tuesday, July 2nd. Citigroup lifted their target price on shares of Ally Financial from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Ally Financial in a research note on Sunday, July 21st. BTIG Research lifted their target price on shares of Ally Financial to $39.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, Piper Jaffray Companies set a $41.00 target price on shares of Ally Financial and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $37.00.
In related news, insider Diane E. Morais sold 15,000 shares of Ally Financial stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $33.35, for a total transaction of $500,250.00. Following the transaction, the insider now owns 220,048 shares in the company, valued at approximately $7,338,600.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO David J. Debrunner sold 2,222 shares of Ally Financial stock in a transaction on Monday, July 1st. The shares were sold at an average price of $31.32, for a total transaction of $69,593.04. Following the transaction, the chief accounting officer now owns 105,757 shares in the company, valued at approximately $3,312,309.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,666 shares of company stock worth $712,118. 0.35% of the stock is owned by company insiders.
Ally Financial Profile
Ally Financial Inc provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
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