Donald Smith & CO. Inc. raised its position in shares of Ally Financial Inc. (NYSE:ALLY – Free Report) by 22.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,752,830 shares of the financial services provider’s stock after purchasing an additional 495,584 shares during the quarter. Ally Financial makes up approximately 2.5% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 15th largest holding. Donald Smith & CO. Inc. owned approximately 0.91% of Ally Financial worth $96,129,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp grew its stake in Ally Financial by 34.2% during the third quarter. Northern Trust Corp now owns 3,122,515 shares of the financial services provider’s stock worth $83,309,000 after purchasing an additional 795,754 shares during the period. Private Management Group Inc. grew its position in shares of Ally Financial by 9.4% during the 3rd quarter. Private Management Group Inc. now owns 819,136 shares of the financial services provider’s stock worth $21,855,000 after buying an additional 70,615 shares during the period. ING Groep NV acquired a new position in shares of Ally Financial during the 3rd quarter valued at $4,336,000. Sherbrooke Park Advisers LLC acquired a new position in shares of Ally Financial during the 3rd quarter valued at $724,000. Finally, Nordea Investment Management AB boosted its stake in Ally Financial by 8.1% during the fourth quarter. Nordea Investment Management AB now owns 23,442 shares of the financial services provider’s stock worth $816,000 after acquiring an additional 1,755 shares in the last quarter. Institutional investors own 88.76% of the company’s stock.
Ally Financial Stock Down 0.4 %
Shares of NYSE ALLY traded down $0.14 during mid-day trading on Monday, reaching $39.16. 2,702,493 shares of the company traded hands, compared to its average volume of 3,959,875. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market cap of $11.90 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 0.57 and a beta of 1.40. The company’s fifty day moving average is $38.04 and its two-hundred day moving average is $33.53. Ally Financial Inc. has a fifty-two week low of $22.54 and a fifty-two week high of $41.56.
Ally Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Tuesday, April 30th. Ally Financial’s payout ratio is currently 48.98%.
Analyst Ratings Changes
ALLY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft began coverage on Ally Financial in a report on Wednesday, January 10th. They issued a “buy” rating and a $47.00 price target on the stock. BMO Capital Markets increased their target price on shares of Ally Financial from $36.00 to $37.00 and gave the company a “market perform” rating in a research report on Friday, April 19th. Wells Fargo & Company increased their price target on Ally Financial from $29.00 to $33.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 10th. StockNews.com raised shares of Ally Financial from a “sell” rating to a “hold” rating in a report on Friday. Finally, Compass Point increased their price target on shares of Ally Financial from $28.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $38.47.
Get Our Latest Stock Analysis on ALLY
About Ally Financial
Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
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