Trexquant Investment LP increased its stake in Ally Financial Inc (NYSE:ALLY) by 33.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,190 shares of the financial services provider’s stock after purchasing an additional 15,111 shares during the period. Trexquant Investment LP’s holdings in Ally Financial were worth $1,655,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Ally Financial during the 1st quarter worth $31,000. Enlightenment Research LLC acquired a new stake in Ally Financial during the 4th quarter worth $54,000. Truvestments Capital LLC acquired a new stake in Ally Financial during the 1st quarter worth $74,000. Private Capital Group LLC grew its holdings in Ally Financial by 69.8% during the 1st quarter. Private Capital Group LLC now owns 3,090 shares of the financial services provider’s stock worth $85,000 after acquiring an additional 1,270 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its holdings in Ally Financial by 2,129.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,394,346 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 2,286,941 shares during the period. Hedge funds and other institutional investors own 97.19% of the company’s stock.
ALLY has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Morgan Stanley lifted their target price on shares of Ally Financial from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday, April 22nd. Sandler O’Neill raised shares of Ally Financial from a “hold” rating to a “buy” rating and lifted their target price for the stock from $29.00 to $33.00 in a report on Tuesday, February 26th. They noted that the move was a valuation call. BMO Capital Markets lifted their target price on shares of Ally Financial to $39.00 and gave the stock a “market perform” rating in a report on Monday, April 22nd. Finally, Oppenheimer set a $33.00 price target on shares of Ally Financial and gave the company a “buy” rating in a report on Wednesday, April 17th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $32.92.
Shares of ALLY stock traded down $0.39 on Friday, hitting $29.06. The stock had a trading volume of 873,300 shares, compared to its average volume of 2,693,434. Ally Financial Inc has a twelve month low of $20.60 and a twelve month high of $30.27. The firm has a market capitalization of $11.64 billion, a price-to-earnings ratio of 8.70, a price-to-earnings-growth ratio of 0.58 and a beta of 1.32. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 3.03.
Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. Ally Financial had a net margin of 23.12% and a return on equity of 10.90%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the business earned $0.68 EPS. The firm’s revenue was up 13.9% on a year-over-year basis. Research analysts expect that Ally Financial Inc will post 3.62 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Tuesday, April 30th. Ally Financial’s dividend payout ratio (DPR) is 20.36%.
Ally Financial announced that its board has approved a stock repurchase plan on Monday, April 1st that authorizes the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase up to 10.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
Ally Financial Profile
Ally Financial Inc provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
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