Janus Henderson Group PLC Cuts Holdings in Ally Financial Inc (ALLY)

Janus Henderson Group PLC cut its stake in Ally Financial Inc (NYSE:ALLY) by 8.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,969,676 shares of the financial services provider’s stock after selling 193,532 shares during the quarter. Janus Henderson Group PLC’s holdings in Ally Financial were worth $52,097,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new position in Ally Financial in the second quarter valued at about $149,000. NEXT Financial Group Inc purchased a new position in Ally Financial in the third quarter valued at about $153,000. Legacy Financial Advisors Inc. raised its position in Ally Financial by 58.1% in the third quarter. Legacy Financial Advisors Inc. now owns 6,152 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 2,261 shares during the period. NumerixS Investment Technologies Inc purchased a new position in Ally Financial in the second quarter valued at about $159,000. Finally, Dakota Wealth Management purchased a new position in Ally Financial in the second quarter valued at about $248,000. 98.21% of the stock is currently owned by institutional investors.

ALLY has been the topic of several research reports. ValuEngine lowered Ally Financial from a “hold” rating to a “sell” rating in a research report on Saturday, October 27th. Piper Jaffray Companies set a $34.00 price objective on Ally Financial and gave the company a “buy” rating in a research report on Monday, October 29th. Zacks Investment Research lowered Ally Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th. Nomura cut their price objective on Ally Financial from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, October 26th. Finally, Oppenheimer set a $35.00 price objective on Ally Financial and gave the company a “buy” rating in a research report on Thursday, October 4th. 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 company’s stock. Ally Financial currently has an average rating of “Buy” and a consensus target price of $32.50.

In other news, CAO David J. Debrunner sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $26.35, for a total transaction of $658,750.00. Following the completion of the sale, the chief accounting officer now directly owns 102,155 shares in the company, valued at $2,691,784.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.15% of the stock is owned by company insiders.

Shares of Ally Financial stock opened at $26.68 on Friday. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market cap of $11.02 billion, a PE ratio of 8.55, a price-to-earnings-growth ratio of 0.65 and a beta of 1.23. Ally Financial Inc has a 1-year low of $23.69 and a 1-year high of $31.29.

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

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

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Ally Financial 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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Want to see what other hedge funds are holding ALLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ally Financial Inc (NYSE:ALLY).

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

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