Ally Financial Inc. (ALLY) Holdings Raised by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can raised its position in shares of Ally Financial Inc. (NYSE:ALLY) by 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 288,628 shares of the financial services provider’s stock after acquiring an additional 8,784 shares during the period. Great West Life Assurance Co. Can owned approximately 0.07% of Ally Financial worth $6,884,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Wetherby Asset Management Inc. raised its position in shares of Ally Financial by 0.5% during the second quarter. Wetherby Asset Management Inc. now owns 12,247 shares of the financial services provider’s stock valued at $256,000 after buying an additional 56 shares during the last quarter. QS Investors LLC raised its position in Ally Financial by 0.7% in the second quarter. QS Investors LLC now owns 10,946 shares of the financial services provider’s stock worth $229,000 after purchasing an additional 74 shares in the last quarter. Advisors Asset Management Inc. raised its position in Ally Financial by 0.4% in the second quarter. Advisors Asset Management Inc. now owns 28,029 shares of the financial services provider’s stock worth $586,000 after purchasing an additional 107 shares in the last quarter. Cadence Capital Management LLC raised its position in Ally Financial by 0.8% in the second quarter. Cadence Capital Management LLC now owns 14,986 shares of the financial services provider’s stock worth $313,000 after purchasing an additional 126 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in Ally Financial by 0.5% in the second quarter. Public Employees Retirement Association of Colorado now owns 86,776 shares of the financial services provider’s stock worth $1,814,000 after purchasing an additional 411 shares in the last quarter.

Shares of Ally Financial Inc. (ALLY) opened at $27.89 on Thursday. The firm has a market cap of $12,359.10, a P/E ratio of 12.42, a PEG ratio of 2.46 and a beta of 1.46. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.21 and a current ratio of 1.21. Ally Financial Inc. has a fifty-two week low of $18.11 and a fifty-two week high of $28.24.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.08. Ally Financial had a net margin of 14.75% and a return on equity of 7.72%. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the firm earned $0.56 earnings per share. equities research analysts forecast that Ally Financial Inc. will post 2.27 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.48 annualized dividend and a dividend yield of 1.72%. Ally Financial’s dividend payout ratio (DPR) is currently 22.22%.

Several research analysts recently issued reports on the stock. Piper Jaffray Companies reissued a “buy” rating and issued a $32.00 price target on shares of Ally Financial in a research report on Thursday. Goldman Sachs Group assumed coverage on shares of Ally Financial in a research report on Monday. They issued a “buy” rating and a $32.00 price target for the company. Wells Fargo & Company assumed coverage on shares of Ally Financial in a research report on Friday, December 1st. They issued an “outperform” rating and a $30.00 price target for the company. Morgan Stanley reissued an “equal weight” rating and issued a $28.00 price target (up previously from $26.00) on shares of Ally Financial in a research report on Thursday, November 30th. Finally, BidaskClub lowered shares of Ally Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Ally Financial has a consensus rating of “Buy” and an average target price of $28.00.

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Ally Financial Profile

Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.

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Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

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