BB&T Securities LLC cut its holdings in Ally Financial Inc (NYSE:ALLY) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 110,375 shares of the financial services provider’s stock after selling 6,805 shares during the quarter. BB&T Securities LLC’s holdings in Ally Financial were worth $2,501,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in ALLY. Private Capital Group LLC lifted its position in Ally Financial by 53.5% during the fourth quarter. Private Capital Group LLC now owns 1,820 shares of the financial services provider’s stock valued at $41,000 after buying an additional 634 shares during the period. Quantamental Technologies LLC bought a new stake in Ally Financial in the fourth quarter worth $155,000. Legacy Financial Advisors Inc. raised its holdings in Ally Financial by 58.1% in the third quarter. Legacy Financial Advisors Inc. now owns 6,152 shares of the financial services provider’s stock worth $162,000 after purchasing an additional 2,261 shares during the period. Zweig DiMenna Associates LLC acquired a new position in Ally Financial during the 4th quarter worth approximately $218,000. Finally, M&T Bank Corp boosted its position in Ally Financial by 5.3% during the fourth quarter. M&T Bank Corp now owns 10,797 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 539 shares during the period. 99.19% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on the company. Oppenheimer set a $32.00 price objective on Ally Financial and gave the company a “buy” rating in a report on Thursday, October 25th. Nomura dropped their target price on shares of Ally Financial from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, October 26th. ValuEngine lowered Ally Financial from a “hold” rating to a “sell” rating in a research note on Saturday, October 27th. Piper Jaffray Companies set a $34.00 target price on Ally Financial and gave the company a “buy” rating in a research note on Monday, October 29th. Finally, Zacks Investment Research restated a “buy” rating and issued a $27.00 target price on shares of Ally Financial in a report on Monday, November 12th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $31.86.
Ally Financial (NYSE:ALLY) last posted its earnings results on Wednesday, January 30th. The financial services provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.10. Ally Financial had a net margin of 21.76% and a return on equity of 10.87%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the firm posted $0.70 earnings per share. The company’s revenue was down 2.4% on a year-over-year basis. Analysts anticipate that Ally Financial Inc will post 3.56 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, February 1st will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.54%. This is a positive change from Ally Financial’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, January 31st. Ally Financial’s payout ratio is presently 20.36%.
In related news, Director Michael F. Steib bought 2,000 shares of Ally Financial stock in a transaction dated Monday, February 11th. The stock was acquired at an average cost of $26.47 per share, with a total value of $52,940.00. Following the completion of the acquisition, the director now directly owns 29,027 shares in the company, valued at approximately $768,344.69. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO David J. Debrunner sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $26.35, for a total value of $658,750.00. Following the sale, the chief accounting officer now directly owns 102,155 shares of the company’s stock, valued at $2,691,784.25. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by company insiders.
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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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