BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Ally Financial Inc (NYSE:ALLY) by 42.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 292,128 shares of the financial services provider’s stock after purchasing an additional 86,749 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.07% of Ally Financial worth $7,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Tiedemann Wealth Management LLC increased its holdings in shares of Ally Financial by 70.4% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 20,169 shares of the financial services provider’s stock worth $110,000 after buying an additional 8,332 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of Ally Financial by 23.0% in the 2nd quarter. Toronto Dominion Bank now owns 5,714 shares of the financial services provider’s stock worth $119,000 after buying an additional 1,070 shares during the last quarter. Capital Management Associates NY bought a new position in shares of Ally Financial in the 3rd quarter worth $203,000. Capstone Asset Management Co. bought a new position in shares of Ally Financial in the 2nd quarter worth $208,000. Finally, Twin Tree Management LP bought a new position in shares of Ally Financial in the 2nd quarter worth $215,000.
Ally Financial Inc (ALLY) opened at $28.77 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 3.32. Ally Financial Inc has a twelve month low of $18.11 and a twelve month high of $29.08. The company has a market cap of $12,668.63, a price-to-earnings ratio of 12.73, a P/E/G ratio of 2.52 and a beta of 1.46.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Tuesday, October 31st. Ally Financial’s dividend payout ratio is currently 22.22%.
A number of equities analysts have recently commented on the stock. Wells Fargo & Company assumed coverage on shares of Ally Financial in a report on Friday, December 1st. They issued an “outperform” rating and a $30.00 price target on the stock. BidaskClub raised shares of Ally Financial from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. ValuEngine raised shares of Ally Financial from a “buy” rating to a “strong-buy” rating in a report on Friday, September 22nd. Piper Jaffray Companies reissued a “buy” rating on shares of Ally Financial in a report on Wednesday, October 4th. Finally, Jefferies Group reissued a “buy” rating on shares of Ally Financial in a report on Friday, September 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $28.00.
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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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