Envestnet Asset Management Inc. boosted its holdings in Ally Financial (NYSE:ALLY) by 34.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,055 shares of the financial services provider’s stock after acquiring an additional 3,584 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Ally Financial were worth $410,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. lifted its position in Ally Financial by 3.7% in the 4th quarter. BlackRock Inc. now owns 22,672,615 shares of the financial services provider’s stock valued at $661,134,000 after acquiring an additional 813,594 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Ally Financial by 91.7% in the 4th quarter. Bank of New York Mellon Corp now owns 16,650,942 shares of the financial services provider’s stock valued at $485,541,000 after acquiring an additional 7,967,206 shares in the last quarter. Wells Fargo & Company MN lifted its position in Ally Financial by 2.0% in the 4th quarter. Wells Fargo & Company MN now owns 4,914,719 shares of the financial services provider’s stock valued at $143,312,000 after acquiring an additional 96,149 shares in the last quarter. Platinum Investment Management Ltd. lifted its position in Ally Financial by 206.5% in the 4th quarter. Platinum Investment Management Ltd. now owns 3,142,900 shares of the financial services provider’s stock valued at $91,646,000 after acquiring an additional 2,117,500 shares in the last quarter. Finally, Eaton Vance Management lifted its position in Ally Financial by 15.7% in the 4th quarter. Eaton Vance Management now owns 1,598,915 shares of the financial services provider’s stock valued at $46,624,000 after acquiring an additional 217,425 shares in the last quarter.

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Ally Financial stock opened at $27.38 on Tuesday. Ally Financial has a 52 week low of $18.11 and a 52 week high of $31.29. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 3.28. The company has a market cap of $11,847.52, a price-to-earnings ratio of 11.46, a PEG ratio of 0.73 and a beta of 1.38.

Ally Financial (NYSE:ALLY) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.11. Ally Financial had a net margin of 13.73% and a return on equity of 8.10%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the firm earned $0.54 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. sell-side analysts expect that Ally Financial will post 2.96 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Tuesday, May 1st will be issued a $0.13 dividend. The ex-dividend date is Monday, April 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.90%. Ally Financial’s dividend payout ratio (DPR) is presently 21.76%.

Several brokerages recently weighed in on ALLY. UBS began coverage on shares of Ally Financial in a research report on Tuesday, March 27th. They issued a “buy” rating and a $33.00 price target on the stock. Oppenheimer set a $35.00 price target on shares of Ally Financial and gave the company a “buy” rating in a research report on Thursday, April 12th. Sandler O’Neill reaffirmed a “hold” rating and issued a $30.00 price target on shares of Ally Financial in a research report on Friday, February 23rd. Barclays raised their price target on shares of Ally Financial from $26.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Finally, BMO Capital Markets raised their price target on shares of Ally Financial from $32.00 to $33.00 and gave the company a “market perform” rating in a research report on Monday, March 19th. Five equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $32.94.

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About Ally Financial

Ally Financial Inc provides various financial products and services for consumers, businesses, automotive dealers, and corporate clients in the United States and Canada. The company operates Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.

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Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

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