Gofen & Glossberg LLC IL Has $3.74 Million Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

Gofen & Glossberg LLC IL grew its position in Ally Financial Inc. (NYSE:ALLYGet Rating) by 14.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 111,700 shares of the financial services provider’s stock after buying an additional 14,300 shares during the period. Gofen & Glossberg LLC IL’s holdings in Ally Financial were worth $3,743,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Marshall Wace LLP grew its stake in shares of Ally Financial by 2,563.1% during the fourth quarter. Marshall Wace LLP now owns 1,938,491 shares of the financial services provider’s stock worth $92,291,000 after purchasing an additional 1,865,701 shares during the period. Luxor Capital Group LP grew its holdings in Ally Financial by 121.9% during the fourth quarter. Luxor Capital Group LP now owns 3,193,608 shares of the financial services provider’s stock valued at $152,048,000 after purchasing an additional 1,754,694 shares during the period. Magnolia Group LLC increased its stake in Ally Financial by 207.7% in the first quarter. Magnolia Group LLC now owns 1,815,514 shares of the financial services provider’s stock valued at $78,939,000 after purchasing an additional 1,225,514 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Ally Financial by 2,756.6% in the first quarter. Assenagon Asset Management S.A. now owns 1,050,176 shares of the financial services provider’s stock worth $45,662,000 after purchasing an additional 1,013,413 shares during the period. Finally, Miller Howard Investments Inc. NY acquired a new stake in Ally Financial in the first quarter worth $30,070,000. Institutional investors own 91.57% of the company’s stock.

Ally Financial Stock Performance

NYSE:ALLY opened at $30.68 on Friday. The company has a fifty day moving average of $33.57 and a 200-day moving average of $37.79. Ally Financial Inc. has a twelve month low of $30.44 and a twelve month high of $56.28. The firm has a market capitalization of $9.47 billion, a P/E ratio of 4.42, a P/E/G ratio of 0.14 and a beta of 1.31. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 1.46.

Ally Financial (NYSE:ALLYGet Rating) last released its quarterly earnings data on Tuesday, July 19th. The financial services provider reported $1.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.14). Ally Financial had a net margin of 29.79% and a return on equity of 20.99%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period last year, the business posted $2.33 earnings per share. As a group, sell-side analysts anticipate that Ally Financial Inc. will post 7.16 EPS for the current year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Monday, August 1st were paid a $0.30 dividend. The ex-dividend date was Friday, July 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.91%. Ally Financial’s payout ratio is presently 17.29%.

Analysts Set New Price Targets

A number of analysts recently commented on ALLY shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Ally Financial from $70.00 to $55.00 in a research report on Wednesday, July 20th. Piper Sandler lowered Ally Financial from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $45.00 to $34.00 in a research report on Wednesday, August 3rd. Compass Point cut their price target on shares of Ally Financial to $54.00 in a research note on Monday, July 4th. Keefe, Bruyette & Woods dropped their price objective on shares of Ally Financial from $63.00 to $47.00 in a report on Monday, July 11th. Finally, Wells Fargo & Company downgraded Ally Financial from an “overweight” rating to an “equal weight” rating and set a $32.00 price target for the company. in a research report on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $48.86.

Ally Financial Profile

(Get Rating)

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through four segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations.

Further Reading

Want to see what other hedge funds are holding ALLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ally Financial Inc. (NYSE:ALLYGet Rating).

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

Receive News & Ratings for Ally Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ally Financial and related companies with MarketBeat.com's FREE daily email newsletter.