Mirae Asset Global Investments Co. Ltd. lifted its stake in Ally Financial Inc (NYSE:ALLY) by 12.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 28,640 shares of the financial services provider’s stock after buying an additional 3,250 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Ally Financial were worth $649,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of ALLY. Private Capital Group LLC increased its stake in shares of Ally Financial by 53.5% in the 4th quarter. Private Capital Group LLC now owns 1,820 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 634 shares in the last quarter. Enlightenment Research LLC bought a new position in shares of Ally Financial in the 4th quarter worth about $54,000. Oregon Public Employees Retirement Fund increased its stake in shares of Ally Financial by 2,129.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,394,346 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 2,286,941 shares in the last quarter. Quantamental Technologies LLC bought a new position in shares of Ally Financial in the 4th quarter worth about $155,000. Finally, Zweig DiMenna Associates LLC bought a new position in shares of Ally Financial in the 4th quarter worth about $218,000. 97.11% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Michael F. Steib purchased 2,000 shares of Ally Financial stock in a transaction dated Monday, February 11th. The stock was purchased at an average cost of $26.47 per share, for a total transaction of $52,940.00. Following the completion of the purchase, the director now directly owns 29,027 shares of the company’s stock, valued at approximately $768,344.69. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Jonathan Brown sold 97,311 shares of Ally Financial stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $27.01, for a total transaction of $2,628,370.11. Following the completion of the sale, the chief executive officer now owns 632,569 shares of the company’s stock, valued at $17,085,688.69. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.
NYSE:ALLY opened at $26.73 on Friday. The stock has a market cap of $10.69 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 0.59 and a beta of 1.36. The company has a debt-to-equity ratio of 3.33, a current ratio of 1.15 and a quick ratio of 1.15. Ally Financial Inc has a fifty-two week low of $20.60 and a fifty-two week high of $29.00.
Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Wednesday, January 30th. The financial services provider reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.10. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.53 billion. Ally Financial had a net margin of 21.76% and a return on equity of 10.84%. Ally Financial’s revenue was down 2.4% compared to the same quarter last year. During the same period last year, the business earned $0.70 EPS. Equities research analysts expect that Ally Financial Inc will post 3.57 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, February 15th. Stockholders of record on Friday, February 1st were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, January 31st. This is a positive change from Ally Financial’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.54%. Ally Financial’s payout ratio is currently 20.36%.
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Ally Financial Company 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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