Strs Ohio cut its holdings in Ally Financial Inc. (NYSE:ALLY) by 5.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,809 shares of the financial services provider’s stock after selling 3,995 shares during the quarter. Strs Ohio’s holdings in Ally Financial were worth $1,572,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Toronto Dominion Bank lifted its stake in Ally Financial by 23.0% in the second quarter. Toronto Dominion Bank now owns 5,714 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 1,070 shares during the period. Capstone Asset Management Co. purchased a new stake in Ally Financial in the second quarter worth about $208,000. Twin Tree Management LP purchased a new stake in Ally Financial in the second quarter worth about $215,000. Achmea Investment Management B.V. purchased a new stake in Ally Financial in the first quarter worth about $210,000. Finally, Tower Research Capital LLC TRC lifted its stake in Ally Financial by 50.4% in the second quarter. Tower Research Capital LLC TRC now owns 10,455 shares of the financial services provider’s stock worth $219,000 after acquiring an additional 3,505 shares during the period.
Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.08. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Ally Financial had a return on equity of 7.74% and a net margin of 14.75%. During the same quarter last year, the business posted $0.56 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Tuesday, October 31st. Ally Financial’s payout ratio is presently 22.22%.
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A number of analysts recently weighed in on ALLY shares. BidaskClub lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Sunday, July 23rd. Stephens lowered shares of Ally Financial from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $23.00 to $20.00 in a research note on Monday, July 17th. TheStreet raised shares of Ally Financial from a “c” rating to a “b-” rating in a research note on Wednesday, July 19th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Ally Financial in a research note on Wednesday, October 4th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $26.00 price objective on shares of Ally Financial in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $26.93.
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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