Fox Run Management L.L.C. acquired a new stake in Ally Financial Inc (NYSE:ALLY) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 25,137 shares of the financial services provider’s stock, valued at approximately $834,000. Ally Financial accounts for 0.4% of Fox Run Management L.L.C.’s investment portfolio, making the stock its 5th biggest holding.
Other large investors have also made changes to their positions in the company. Carroll Financial Associates Inc. acquired a new position in Ally Financial during the 2nd quarter worth approximately $40,000. Steward Partners Investment Advisory LLC acquired a new position in Ally Financial during the 2nd quarter worth approximately $49,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in Ally Financial by 102.0% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,242 shares of the financial services provider’s stock worth $69,000 after buying an additional 1,132 shares during the period. SG3 Management LLC acquired a new position in Ally Financial during the 2nd quarter worth approximately $73,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new position in Ally Financial during the 2nd quarter worth approximately $96,000. 95.77% of the stock is currently owned by institutional investors.
A number of research firms recently weighed in on ALLY. JPMorgan Chase & Co. downgraded Ally Financial from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $35.00 to $33.00 in a research note on Tuesday, October 8th. Barclays upped their price target on Ally Financial from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. Citigroup upped their price target on 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 reissued a “buy” rating on shares of Ally Financial in a research note on Sunday, July 21st. Finally, Stephens raised Ally Financial from an “equal” rating to a “weight” rating and increased their price objective for the stock from $37.00 to $44.00 in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. Ally Financial presently has an average rating of “Hold” and a consensus target price of $36.67.
Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.88 by $0.09. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.53 billion. Ally Financial had a return on equity of 10.89% and a net margin of 26.59%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.83 earnings per share. Equities analysts anticipate that Ally Financial Inc will post 3.77 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, October 31st. Ally Financial’s dividend payout ratio (DPR) is presently 20.36%.
In other 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Diane E. Morais sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $33.35, for a total value of $500,250.00. Following the completion of the transaction, the insider now directly owns 220,048 shares of the company’s stock, valued at $7,338,600.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,666 shares of company stock valued at $716,806. Company insiders own 0.35% of the company’s stock.
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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