American National Insurance Co. TX maintained its position in Ally Financial Inc (NYSE:ALLY) during the first quarter, according to its most recent filing with the SEC. The firm owned 15,675 shares of the financial services provider’s stock at the end of the first quarter. American National Insurance Co. TX’s holdings in Ally Financial were worth $319,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Commonwealth Bank of Australia raised its position in Ally Financial by 85.8% in the third quarter. Commonwealth Bank of Australia now owns 6,010 shares of the financial services provider’s stock valued at $117,000 after buying an additional 2,775 shares during the period. Creative Planning raised its position in Ally Financial by 385.0% in the first quarter. Creative Planning now owns 6,299 shares of the financial services provider’s stock valued at $128,000 after buying an additional 8,509 shares during the period. FNY Partners Fund LP purchased a new position in Ally Financial during the fourth quarter worth about $167,000. First Mercantile Trust Co. raised its position in Ally Financial by 27.3% in the first quarter. First Mercantile Trust Co. now owns 9,800 shares of the financial services provider’s stock worth $199,000 after buying an additional 2,100 shares during the last quarter. Finally, Pacer Advisors Inc. purchased a new position in Ally Financial during the third quarter worth about $204,000. 95.31% of the stock is owned by institutional investors and hedge funds.
Shares of Ally Financial Inc (NYSE:ALLY) traded up 0.72% during mid-day trading on Friday, hitting $19.71. 2,786,501 shares of the stock were exchanged. Ally Financial Inc has a 1-year low of $14.84 and a 1-year high of $23.62. The company’s 50-day moving average is $19.95 and its 200-day moving average is $20.19. The firm has a market cap of $9.46 billion, a price-to-earnings ratio of 9.17 and a beta of 1.37.
Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Thursday, April 27th. The financial services provider reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by $0.01. Ally Financial had a return on equity of 7.86% and a net margin of 16.34%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the company earned $0.52 EPS. Equities research analysts anticipate that Ally Financial Inc will post $2.26 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Monday, May 1st will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Thursday, April 27th. Ally Financial’s dividend payout ratio is currently 14.88%.
A number of research analysts have issued reports on ALLY shares. TheStreet lowered shares of Ally Financial from a “b-” rating to a “c” rating in a research note on Friday, March 24th. Keefe, Bruyette & Woods set a $24.00 target price on shares of Ally Financial and gave the company a “buy” rating in a research note on Thursday, April 6th. Credit Suisse Group AG reduced their target price on shares of Ally Financial from $27.00 to $26.00 and set an “outperform” rating for the company in a research note on Wednesday, March 22nd. Sandler O’Neill lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. Finally, Zacks Investment Research raised shares of Ally Financial from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 7th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Ally Financial currently has a consensus rating of “Buy” and a consensus price target of $24.71.
About Ally Financial
Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.
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