Twin Capital Management Inc. cut its holdings in shares of Ally Financial Inc (NYSE:ALLY) by 7.5% during the third quarter, Holdings Channel reports. The firm owned 216,104 shares of the financial services provider’s stock after selling 17,556 shares during the quarter. Twin Capital Management Inc.’s holdings in Ally Financial were worth $7,166,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. Wakefield Asset Management LLLP purchased a new stake in Ally Financial during the third quarter worth about $2,742,000. First Quadrant L P CA grew its position in shares of Ally Financial by 48.9% during the third quarter. First Quadrant L P CA now owns 30,802 shares of the financial services provider’s stock worth $1,021,000 after buying an additional 10,119 shares in the last quarter. Foster & Motley Inc. acquired a new position in shares of Ally Financial during the third quarter worth about $208,000. Carnick & Kubik Group LLC acquired a new position in shares of Ally Financial during the third quarter worth about $345,000. Finally, Rhumbline Advisers grew its position in shares of Ally Financial by 1.1% during the third quarter. Rhumbline Advisers now owns 450,312 shares of the financial services provider’s stock worth $14,932,000 after buying an additional 4,758 shares in the last quarter. Institutional investors own 95.88% of the company’s stock.
ALLY traded up $0.48 on Monday, reaching $31.30. The company’s stock had a trading volume of 147,717 shares, compared to its average volume of 4,577,549. The stock has a 50 day moving average of $32.51 and a two-hundred day moving average of $31.05. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.62. The company has a market capitalization of $11.92 billion, a price-to-earnings ratio of 9.37, a P/E/G ratio of 0.65 and a beta of 1.30. Ally Financial Inc has a fifty-two week low of $20.60 and a fifty-two week high of $35.42.
Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.03. The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.57 billion. Ally Financial had a return on equity of 10.83% and a net margin of 26.29%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 earnings per share. As a group, analysts anticipate that Ally Financial Inc will post 3.76 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Thursday, October 31st. Ally Financial’s dividend payout ratio (DPR) is 20.36%.
A number of equities analysts have recently commented on ALLY shares. Zacks Investment Research downgraded Ally Financial from a “buy” rating to a “hold” rating and set a $33.00 price objective for the company. in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. downgraded Ally Financial from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $35.00 to $33.00 in a research report on Tuesday, October 8th. Citigroup lowered their price objective on Ally Financial from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Wells Fargo & Co reissued a “buy” rating on shares of Ally Financial in a research report on Sunday, July 21st. Finally, Piper Jaffray Companies set a $41.00 price objective on Ally Financial and gave the stock a “buy” rating in a research report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. Ally Financial has an average rating of “Hold” and an average target price of $36.58.
In related news, CAO David J. Debrunner sold 2,222 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $32.89, for a total value of $73,081.58. Following the completion of the transaction, the chief accounting officer now directly owns 103,535 shares of the company’s stock, valued at $3,405,266.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 6,666 shares of company stock valued at $216,556 over the last ninety days. 0.35% of the stock is currently owned by corporate insiders.
Ally Financial Company 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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