Burney Co. trimmed its position in shares of Ally Financial Inc. (NYSE:ALLY – Get Rating) by 23.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 278,492 shares of the financial services provider’s stock after selling 85,626 shares during the period. Burney Co. owned approximately 0.09% of Ally Financial worth $6,809,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in ALLY. Roundview Capital LLC acquired a new stake in shares of Ally Financial in the first quarter worth $242,000. Cetera Advisor Networks LLC bought a new stake in shares of Ally Financial in the first quarter valued at about $214,000. D.A. Davidson & CO. bought a new stake in shares of Ally Financial in the first quarter valued at about $261,000. MetLife Investment Management LLC bought a new position in Ally Financial during the first quarter valued at about $294,000. Finally, Rhumbline Advisers lifted its position in shares of Ally Financial by 1.4% in the 1st quarter. Rhumbline Advisers now owns 291,312 shares of the financial services provider’s stock worth $12,666,000 after acquiring an additional 4,099 shares during the period. Institutional investors and hedge funds own 90.35% of the company’s stock.
Ally Financial Trading Up 0.1 %
ALLY stock traded up $0.03 during midday trading on Thursday, hitting $25.87. 443,576 shares of the company’s stock were exchanged, compared to its average volume of 6,973,877. Ally Financial Inc. has a one year low of $21.58 and a one year high of $44.33. The company has a market cap of $7.78 billion, a PE ratio of 6.35 and a beta of 1.34. The stock’s fifty day moving average price is $26.94 and its 200-day moving average price is $27.34. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.89 and a current ratio of 0.89.
Ally Financial (NYSE:ALLY – Get Rating) last posted its earnings results on Wednesday, April 19th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.06). The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.07 billion. Ally Financial had a return on equity of 14.89% and a net margin of 16.42%. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.03 EPS. Research analysts predict that Ally Financial Inc. will post 3.46 earnings per share for the current fiscal year.
Ally Financial Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Monday, May 1st will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, April 28th. This represents a $1.20 annualized dividend and a yield of 4.64%. Ally Financial’s payout ratio is currently 29.48%.
Wall Street Analysts Forecast Growth
ALLY has been the subject of a number of recent research reports. The Goldman Sachs Group upped 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. StockNews.com raised shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Friday, April 21st. TheStreet upgraded Ally Financial from a “c” rating to a “b-” rating in a research note on Thursday, February 2nd. JPMorgan Chase & Co. cut their target price on Ally Financial from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, April 17th. Finally, Barclays lowered their price target on Ally Financial from $35.00 to $34.00 in a research report on Wednesday, April 12th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Ally Financial presently has a consensus rating of “Hold” and a consensus price target of $34.87.
Ally Financial Profile
Ally Financial, Inc engages in the provision of online banking, securities brokerage, and investment advisory services. It operates through the following segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, Corporate Finance Operations, and Corporate and Other. The Automotive Finance Operations segment offers retail installment sales contracts, loans, and operating leases, offering term loans to dealers, financing dealer floor plans and other lines of credit to dealers, warehouse lines to automotive retailers, fleet financing, providing financing to companies and municipalities for the purchase or lease of vehicles, and vehicle-remarketing services.