Forum Financial Management LP purchased a new stake in Ally Financial Inc. (NYSE:ALLY – Get Rating) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,497 shares of the financial services provider's stock, valued at approximately $209,000.
Several other large investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP boosted its holdings in shares of Ally Financial by 82.9% in the 3rd quarter. Quantbot Technologies LP now owns 158,257 shares of the financial services provider's stock worth $4,404,000 after acquiring an additional 71,717 shares in the last quarter. Asset Management Advisors LLC bought a new stake in shares of Ally Financial during the third quarter worth $3,057,000. Jump Financial LLC grew its holdings in shares of Ally Financial by 57.6% during the third quarter. Jump Financial LLC now owns 249,500 shares of the financial services provider's stock worth $6,944,000 after purchasing an additional 91,184 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Ally Financial in the third quarter valued at $345,000. Finally, X Square Capital LLC raised its holdings in shares of Ally Financial by 1.0% in the third quarter. X Square Capital LLC now owns 68,604 shares of the financial services provider's stock valued at $1,909,000 after buying an additional 698 shares during the last quarter. 90.35% of the stock is owned by institutional investors.
Get
Ally Financial alerts:
Ally Financial Stock Up 0.2 %
Ally Financial stock opened at $32.33 on Friday. Ally Financial Inc. has a twelve month low of $22.34 and a twelve month high of $51.05. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 1.64. The company has a 50 day moving average of $26.26 and a 200-day moving average of $29.39. The stock has a market capitalization of $9.66 billion, a PE ratio of 6.51 and a beta of 1.27.
Ally Financial Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Wednesday, February 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 3.71%. The ex-dividend date is Tuesday, January 31st. Ally Financial's dividend payout ratio (DPR) is presently 24.14%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Ally Financial from $19.00 to $22.00 and gave the stock an "underweight" rating in a research report on Monday, January 23rd. The Goldman Sachs Group lifted their target price on Ally Financial from $28.00 to $36.00 and gave the company a "buy" rating in a research note on Monday, January 23rd. Royal Bank of Canada cut their price target on Ally Financial from $37.00 to $32.00 and set an "outperform" rating on the stock in a research note on Thursday, October 20th. Stephens lowered their price objective on Ally Financial from $39.00 to $26.00 and set an "equal weight" rating for the company in a research report on Thursday, October 20th. Finally, Barclays upped their target price on shares of Ally Financial from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Monday, January 23rd. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $35.08.
Ally Financial Company Profile
(Get Rating)
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.
Further Reading
- Get a free copy of the StockNews.com research report on Ally Financial (ALLY)
- MarketBeat Week in Review – 1/23- 1/27
- Why Lucid Spiked Nearly 100% In One Day
- Ride These Railroad Stocks for Growth and Income
- ASML Sees Demand For Chips Rallying This Year, Boosts Sales View
- KLA Corporation: Strength In A Troubled Semi-Market
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 – Get Rating).
Receive News & Ratings for Ally Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ally Financial and related companies with MarketBeat.com's FREE daily email newsletter.
