Miles Capital Inc. trimmed its position in shares of Ally Financial Inc (NYSE:ALLY) by 1.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,879 shares of the financial services provider’s stock after selling 358 shares during the quarter. Miles Capital Inc.’s holdings in Ally Financial were worth $577,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC increased its holdings in shares of Ally Financial by 10.7% in the third quarter. Signaturefd LLC now owns 4,414 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 425 shares during the last quarter. Cozad Asset Management Inc. grew its holdings in Ally Financial by 1.4% in the 3rd quarter. Cozad Asset Management Inc. now owns 35,680 shares of the financial services provider’s stock valued at $1,183,000 after buying an additional 480 shares in the last quarter. Wetherby Asset Management Inc. increased its stake in shares of Ally Financial by 5.9% in the 3rd quarter. Wetherby Asset Management Inc. now owns 9,272 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 515 shares during the last quarter. Campbell & CO Investment Adviser LLC increased its stake in shares of Ally Financial by 7.4% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 7,639 shares of the financial services provider’s stock worth $253,000 after acquiring an additional 524 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Ally Financial by 28.2% during the 3rd quarter. Parallel Advisors LLC now owns 2,507 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 551 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.
Ally Financial stock traded down $0.20 during mid-day trading on Tuesday, reaching $30.26. 993,867 shares of the company’s stock were exchanged, compared to its average volume of 2,840,719. The company has a market cap of $11.57 billion, a P/E ratio of 7.47, a P/E/G ratio of 0.58 and a beta of 1.27. Ally Financial Inc has a twelve month low of $25.31 and a twelve month high of $35.42. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 2.47. The company has a fifty day moving average of $30.81 and a 200-day moving average of $31.66.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a $0.19 dividend. This is an increase from Ally Financial’s previous quarterly dividend of $0.17. The ex-dividend date is Thursday, January 30th. This represents a $0.76 annualized dividend and a dividend yield of 2.51%. Ally Financial’s payout ratio is 20.36%.
In other Ally Financial news, CAO David J. Debrunner sold 2,222 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $31.70, for a total transaction of $70,437.40. Following the sale, the chief accounting officer now owns 94,647 shares in the company, valued at approximately $3,000,309.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.35% of the company’s stock.
A number of research analysts recently commented on the company. JPMorgan Chase & Co. cut Ally Financial from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $35.00 to $33.00 in a report on Tuesday, October 8th. ValuEngine raised Ally Financial from a “strong sell” rating to a “sell” rating in a research note on Saturday. Citigroup reduced their target price on Ally Financial from $39.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Finally, Barclays reaffirmed a “buy” rating and issued a $45.00 price target on shares of Ally Financial in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $37.00.
About Ally Financial
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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