Bp Plc Purchases Shares of 52,000 Ally Financial Inc (ALLY)
Bp Plc purchased a new position in shares of Ally Financial Inc (NYSE:ALLY) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 52,000 shares of the financial services provider’s stock, valued at approximately $1,516,000.
Several other large investors also recently bought and sold shares of ALLY. Stifel Financial Corp grew its stake in shares of Ally Financial by 40.9% during the 2nd quarter. Stifel Financial Corp now owns 15,183 shares of the financial services provider’s stock worth $319,000 after purchasing an additional 4,405 shares during the period. QS Investors LLC grew its stake in shares of Ally Financial by 0.7% during the 2nd quarter. QS Investors LLC now owns 10,946 shares of the financial services provider’s stock worth $229,000 after purchasing an additional 74 shares during the period. Janus Henderson Group PLC grew its stake in shares of Ally Financial by 1,716.6% during the 2nd quarter. Janus Henderson Group PLC now owns 1,176,263 shares of the financial services provider’s stock worth $24,584,000 after purchasing an additional 1,111,513 shares during the period. Gotham Asset Management LLC acquired a new position in shares of Ally Financial during the 2nd quarter worth $231,000. Finally, The Manufacturers Life Insurance Company grew its stake in Ally Financial by 15.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,208 shares of the financial services provider’s stock valued at $401,000 after acquiring an additional 2,566 shares during the last quarter.
ALLY has been the topic of a number of research reports. Barclays increased their price objective on shares of Ally Financial from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. Zacks Investment Research raised shares of Ally Financial from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $35.00 price objective on shares of Ally Financial in a research note on Friday, December 22nd. Piper Jaffray Companies reissued a “buy” rating and issued a $32.00 price objective on shares of Ally Financial in a research note on Thursday, December 7th. Finally, ValuEngine raised shares of Ally Financial from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Ally Financial currently has an average rating of “Buy” and an average price target of $32.56.
Ally Financial (NYSE:ALLY) last released its earnings results on Tuesday, January 30th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.11. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. Ally Financial had a net margin of 13.73% and a return on equity of 8.10%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. equities research analysts predict that Ally Financial Inc will post 3.02 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.89%. This is a positive change from Ally Financial’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Wednesday, January 31st. Ally Financial’s dividend payout ratio is 25.37%.
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Ally Financial Profile
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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