Prudential Financial Inc. increased its holdings in shares of Ally Financial Inc (NYSE:ALLY) by 144.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,278,941 shares of the financial services provider’s stock after purchasing an additional 756,795 shares during the period. Prudential Financial Inc.’s holdings in Ally Financial were worth $33,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. BlackRock Inc. grew its position in Ally Financial by 8.8% during the second quarter. BlackRock Inc. now owns 26,537,339 shares of the financial services provider’s stock valued at $697,136,000 after buying an additional 2,148,484 shares during the period. Canada Pension Plan Investment Board grew its position in shares of Ally Financial by 8.4% in the second quarter. Canada Pension Plan Investment Board now owns 9,020,275 shares of the financial services provider’s stock valued at $236,963,000 after purchasing an additional 700,000 shares during the period. LSV Asset Management grew its position in shares of Ally Financial by 5.4% in the third quarter. LSV Asset Management now owns 4,375,957 shares of the financial services provider’s stock valued at $115,744,000 after purchasing an additional 223,878 shares during the period. Canyon Capital Advisors LLC grew its position in shares of Ally Financial by 0.4% in the second quarter. Canyon Capital Advisors LLC now owns 3,867,124 shares of the financial services provider’s stock valued at $101,589,000 after purchasing an additional 14,900 shares during the period. Finally, Northern Trust Corp grew its position in shares of Ally Financial by 1.9% in the second quarter. Northern Trust Corp now owns 3,578,476 shares of the financial services provider’s stock valued at $94,008,000 after purchasing an additional 66,832 shares during the period. 98.21% of the stock is owned by hedge funds and other institutional investors.
ALLY opened at $24.56 on Friday. The stock has a market cap of $10.15 billion, a P/E ratio of 10.28, a price-to-earnings-growth ratio of 0.60 and a beta of 1.23. Ally Financial Inc has a twelve month low of $23.69 and a twelve month high of $31.29. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 3.48.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, November 1st were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, October 31st. This represents a $0.60 dividend on an annualized basis and a yield of 2.44%. Ally Financial’s payout ratio is presently 25.10%.
ALLY has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Ally Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 11th. Piper Jaffray Companies set a $34.00 target price on shares of Ally Financial and gave the company a “buy” rating in a research report on Monday, October 29th. Oppenheimer set a $35.00 target price on shares of Ally Financial and gave the company a “buy” rating in a research report on Thursday, October 4th. Nomura dropped their target price on shares of Ally Financial from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, October 26th. Finally, ValuEngine lowered shares of Ally Financial from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $32.50.
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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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