Shell Asset Management Co. Has $695,000 Stake in Ally Financial Inc. (ALLY)
Shell Asset Management Co. boosted its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 108.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,688 shares of the company’s stock after buying an additional 21,133 shares during the period. Shell Asset Management Co.’s holdings in Ally Financial were worth $695,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. Barnett & Company Inc. bought a new stake in shares of Ally Financial during the first quarter worth $178,000. Seven Eight Capital LLC increased its stake in shares of Ally Financial by 180.5% in the first quarter. Seven Eight Capital LLC now owns 10,412 shares of the company’s stock worth $195,000 after buying an additional 6,700 shares during the last quarter. Cohen Capital Management Inc. bought a new stake in shares of Ally Financial during the second quarter worth $216,000. Hartford Investment Management Co. increased its stake in shares of Ally Financial by 12.6% in the second quarter. Hartford Investment Management Co. now owns 12,783 shares of the company’s stock worth $218,000 after buying an additional 1,431 shares during the last quarter. Finally, LS Investment Advisors LLC increased its stake in shares of 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. Hedge funds and other institutional investors own 99.83% of the company’s stock.
Shares of Ally Financial Inc. (NYSE:ALLY) traded down 0.45% on Friday, reaching $19.76. The company had a trading volume of 1,821,869 shares. The firm’s market capitalization is $9.48 billion. Ally Financial Inc. has a 52 week low of $14.55 and a 52 week high of $21.03. The company’s 50-day moving average price is $19.54 and its 200 day moving average price is $18.01.
Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.03. Ally Financial had a return on equity of 17.19% and a net margin of 17.61%. During the same quarter in the prior year, the business posted $0.46 EPS. On average, analysts expect that Ally Financial Inc. will post $2.25 EPS for the current year.
ALLY has been the topic of a number of recent research reports. Deutsche Bank AG reaffirmed a “buy” rating on shares of Ally Financial in a research report on Sunday, June 26th. Zacks Investment Research downgraded Ally Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. Credit Suisse Group AG reaffirmed an “outperform” rating on shares of Ally Financial in a research report on Tuesday, July 5th. Barclays PLC reaffirmed an “overweight” rating and set a $23.00 price objective on shares of Ally Financial in a research report on Sunday, July 10th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $27.00 price target on shares of Ally Financial in a report on Thursday, June 9th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $25.13.
Ally Financial Company Profile
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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