Ally Financial Inc (ALLY) Shares Bought by Axa

Axa lifted its position in shares of Ally Financial Inc (NYSE:ALLY) by 357.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 149,210 shares of the financial services provider’s stock after purchasing an additional 116,600 shares during the period. Axa’s holdings in Ally Financial were worth $3,947,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Ally Financial by 8.8% during the second quarter. BlackRock Inc. now owns 26,537,339 shares of the financial services provider’s stock worth $697,136,000 after purchasing an additional 2,148,484 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Ally Financial by 8.4% during the second quarter. Canada Pension Plan Investment Board now owns 9,020,275 shares of the financial services provider’s stock worth $236,963,000 after purchasing an additional 700,000 shares in the last quarter. LSV Asset Management increased its position in shares of Ally Financial by 5.4% during the third quarter. LSV Asset Management now owns 4,375,957 shares of the financial services provider’s stock worth $115,744,000 after purchasing an additional 223,878 shares in the last quarter. Canyon Capital Advisors LLC increased its position in shares of Ally Financial by 0.4% during the second quarter. Canyon Capital Advisors LLC now owns 3,867,124 shares of the financial services provider’s stock worth $101,589,000 after purchasing an additional 14,900 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Ally Financial by 1.9% during the second quarter. Northern Trust Corp now owns 3,578,476 shares of the financial services provider’s stock worth $94,008,000 after purchasing an additional 66,832 shares in the last quarter. Institutional investors and hedge funds own 98.21% of the company’s stock.

In other Ally Financial news, CAO David J. Debrunner sold 25,000 shares of Ally Financial stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $26.35, for a total value of $658,750.00. Following the sale, the chief accounting officer now owns 102,155 shares of the company’s stock, valued at approximately $2,691,784.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is currently owned by insiders.

A number of research firms have recently commented on ALLY. Oppenheimer set a $32.00 price target on Ally Financial and gave the stock a “buy” rating in a report on Thursday, October 25th. Zacks Investment Research reissued a “buy” rating and set a $27.00 price target on shares of Ally Financial in a report on Monday, November 12th. ValuEngine lowered Ally Financial from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. Nomura lowered their price target on Ally Financial from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, October 26th. Finally, Piper Jaffray Companies set a $34.00 price target on Ally Financial and gave the stock a “buy” rating in a report on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $32.50.

NYSE ALLY opened at $26.68 on Friday. Ally Financial Inc has a 52-week low of $23.69 and a 52-week high of $31.29. The stock has a market cap of $10.94 billion, a P/E ratio of 11.16, a P/E/G ratio of 0.65 and a beta of 1.23. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.18 and a current ratio of 1.18.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.11. Ally Financial had a return on equity of 10.25% and a net margin of 16.87%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. Analysts predict that Ally Financial Inc will post 3.24 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date was Wednesday, October 31st. Ally Financial’s dividend payout ratio is presently 25.10%.

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Ally Financial Company Profile

Ally Financial Inc provides various financial products and services for consumers, businesses, automotive dealers, and corporate clients in the United States and Canada. The company operates Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.

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

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