O Shaughnessy Asset Management LLC lifted its position in shares of Ally Financial Inc. (NYSE:ALLY) by 37.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 84,900 shares of the financial services provider’s stock after acquiring an additional 23,354 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Ally Financial were worth $4,334,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Liberty Wealth Management LLC increased its holdings in shares of Ally Financial by 4,925.8% in the second quarter. Liberty Wealth Management LLC now owns 1,558 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 1,527 shares during the period. Van ECK Associates Corp lifted its position in shares of Ally Financial by 134.7% in the second quarter. Van ECK Associates Corp now owns 676 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 388 shares in the last quarter. AllSquare Wealth Management LLC lifted its position in shares of Ally Financial by 400.0% in the second quarter. AllSquare Wealth Management LLC now owns 1,750 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 1,400 shares in the last quarter. Berman Capital Advisors LLC lifted its position in shares of Ally Financial by 33.0% in the third quarter. Berman Capital Advisors LLC now owns 2,083 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 517 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in Ally Financial during the third quarter worth approximately $120,000. 92.82% of the stock is currently owned by institutional investors and hedge funds.
NYSE:ALLY opened at $52.64 on Friday. The company has a market capitalization of $18.24 billion, a price-to-earnings ratio of 6.40, a price-to-earnings-growth ratio of 0.23 and a beta of 1.48. Ally Financial Inc. has a one year low of $36.33 and a one year high of $56.61. The stock has a 50-day simple moving average of $48.45 and a 200 day simple moving average of $50.55. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.87 and a current ratio of 0.87.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 15th. Stockholders of record on Tuesday, February 1st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Monday, January 31st. This is a boost from Ally Financial’s previous quarterly dividend of $0.25. Ally Financial’s payout ratio is 12.15%.
In other Ally Financial news, General Counsel Scott A. Stengel sold 11,124 shares of Ally Financial stock in a transaction that occurred on Wednesday, January 5th. The shares were sold at an average price of $50.01, for a total value of $556,311.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey Jonathan Brown sold 15,000 shares of Ally Financial stock in a transaction that occurred on Wednesday, December 1st. The stock was sold at an average price of $46.42, for a total transaction of $696,300.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,540 shares of company stock worth $2,087,774. Corporate insiders own 0.46% of the company’s stock.
A number of equities research analysts have commented on ALLY shares. Citigroup started coverage on Ally Financial in a research report on Wednesday, November 10th. They issued a “buy” rating and a $65.00 target price on the stock. Credit Suisse Group lifted their price objective on Ally Financial from $63.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, October 22nd. Zacks Investment Research cut Ally Financial from a “buy” rating to a “hold” rating and set a $55.00 target price for the company. in a research note on Monday, October 4th. Raymond James boosted their target price on Ally Financial from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, January 6th. Finally, Piper Sandler cut Ally Financial from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $68.00 to $59.00 in a research note on Friday, October 22nd. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Ally Financial presently has an average rating of “Buy” and a consensus target price of $62.71.
Ally Financial Company Profile
Ally Financial, Inc is a holding company, which provides digital financial services to consumers, businesses, automotive dealers, and corporate clients. It operates through the following segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations.
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