Cornercap Investment Counsel Inc. boosted its position in shares of Ally Financial Inc. (NYSE:ALLY) by 29.1% during the fourth quarter, Holdings Channel reports. The fund owned 80,565 shares of the company’s stock after buying an additional 18,155 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Ally Financial were worth $1,532,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. LS Investment Advisors LLC boosted its position in Ally Financial by 10.9% in the second quarter. LS Investment Advisors LLC now owns 12,879 shares of the company’s stock worth $220,000 after buying an additional 1,263 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Ally Financial during the second quarter valued at about $342,000. Shell Asset Management Co. boosted its position in shares of Ally Financial by 108.1% in the second quarter. Shell Asset Management Co. now owns 40,688 shares of the company’s stock valued at $695,000 after buying an additional 21,133 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Ally Financial during the second quarter valued at about $30,826,000. Finally, Candriam Luxembourg S.C.A. bought a new position in shares of Ally Financial during the second quarter valued at about $442,000. Hedge funds and other institutional investors own 97.04% of the company’s stock.
Shares of Ally Financial Inc. (NYSE:ALLY) traded down 0.62% on Thursday, reaching $19.32. 2,977,526 shares of the company were exchanged. The firm’s 50 day moving average price is $19.74 and its 200 day moving average price is $18.99. Ally Financial Inc. has a 52 week low of $14.84 and a 52 week high of $20.60. The stock’s market capitalization is $9.27 billion.
Ally Financial (NYSE:ALLY) last posted its earnings results on Wednesday, October 26th. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by $0.03. Ally Financial had a net margin of 16.52% and a return on equity of 17.10%. During the same quarter in the previous year, the company posted $0.51 EPS. Equities research analysts anticipate that Ally Financial Inc. will post $2.11 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 1st will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Monday, January 30th. Ally Financial’s payout ratio is currently -94.11%.
Several brokerages recently issued reports on ALLY. TheStreet upgraded shares of Ally Financial to a “buy” rating in a research report on Monday, December 12th. Deutsche Bank AG reiterated a “buy” rating on shares of Ally Financial in a research report on Sunday, January 8th. Zacks Investment Research upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, October 5th. Morgan Stanley began coverage on shares of Ally Financial in a research report on Tuesday, December 20th. They set an “equal weight” rating on the stock. Finally, Jefferies Group reiterated a “buy” rating and set a $28.00 price target on shares of Ally Financial in a research report on Wednesday, December 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $25.00.
About Ally Financial
Ally Financial Inc is a financial holding company and a bank holding company. The Company’s banking subsidiary, Ally Bank, is a franchise in the Internet, telephone, mobile and mail banking market. The Company operates through three segments: Automotive Finance operations, Insurance operations and Mortgage operations.
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