Quantum Capital Management trimmed its stake in Ally Financial (NYSE:ALLY) by 7.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 348,703 shares of the financial services provider’s stock after selling 26,483 shares during the period. Ally Financial accounts for about 2.3% of Quantum Capital Management’s investment portfolio, making the stock its 10th biggest holding. Quantum Capital Management owned about 0.08% of Ally Financial worth $9,467,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also modified their holdings of the stock. Engineers Gate Manager LP bought a new stake in Ally Financial during the 1st quarter valued at about $1,868,000. Schwab Charles Investment Management Inc. grew its stake in shares of Ally Financial by 12.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,490,593 shares of the financial services provider’s stock worth $40,470,000 after acquiring an additional 164,706 shares during the period. Zweig DiMenna Associates LLC bought a new stake in shares of Ally Financial in the first quarter worth approximately $242,000. Robeco Institutional Asset Management B.V. grew its stake in shares of Ally Financial by 45.5% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,646,147 shares of the financial services provider’s stock worth $44,693,000 after acquiring an additional 514,945 shares during the period. Finally, LSV Asset Management grew its stake in shares of Ally Financial by 104.2% in the first quarter. LSV Asset Management now owns 3,130,841 shares of the financial services provider’s stock worth $85,002,000 after acquiring an additional 1,597,600 shares during the period.
A number of equities analysts recently issued reports on the stock. Wells Fargo reissued an “outperform” rating and issued a $35.00 price objective (up previously from $30.00) on shares of Ally Financial in a report on Wednesday, January 31st. BMO Capital Markets downgraded shares of Ally Financial from an “outperform” rating to a “market perform” rating and set a $32.00 price target on the stock. in a report on Wednesday, January 31st. Oppenheimer set a $38.00 price target on shares of Ally Financial and gave the company a “buy” rating in a report on Tuesday, January 30th. Morgan Stanley lifted their price target on shares of Ally Financial from $28.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Finally, Credit Suisse Group lifted their price target on shares of Ally Financial from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $32.82.
Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Thursday, April 26th. The financial services provider reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.02. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Ally Financial had a net margin of 14.20% and a return on equity of 8.71%. During the same quarter in the previous year, the business posted $0.48 earnings per share. equities research analysts expect that Ally Financial will post 2.96 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Monday, April 30th. Ally Financial’s dividend payout ratio is currently 21.76%.
Ally Financial Profile
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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