Bfsg LLC Makes New $244,000 Investment in Ally Financial Inc. (NYSE:ALLY)

Bfsg LLC acquired a new stake in Ally Financial Inc. (NYSE:ALLY) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 6,975 shares of the financial services provider’s stock, valued at approximately $244,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Ally Financial by 1.0% in the third quarter. Vanguard Group Inc. now owns 28,009,495 shares of the financial services provider’s stock valued at $747,293,000 after acquiring an additional 290,842 shares during the period. Bank of New York Mellon Corp increased its stake in Ally Financial by 47.5% in the third quarter. Bank of New York Mellon Corp now owns 3,620,655 shares of the financial services provider’s stock valued at $96,599,000 after acquiring an additional 1,165,220 shares during the period. FMR LLC increased its stake in Ally Financial by 47.1% in the third quarter. FMR LLC now owns 3,316,501 shares of the financial services provider’s stock valued at $88,484,000 after acquiring an additional 1,061,651 shares during the period. Northern Trust Corp increased its stake in Ally Financial by 34.2% in the third quarter. Northern Trust Corp now owns 3,122,515 shares of the financial services provider’s stock valued at $83,309,000 after acquiring an additional 795,754 shares during the period. Finally, AustralianSuper Pty Ltd increased its stake in Ally Financial by 15.7% in the fourth quarter. AustralianSuper Pty Ltd now owns 2,610,685 shares of the financial services provider’s stock valued at $91,165,000 after acquiring an additional 353,344 shares during the period. Institutional investors and hedge funds own 88.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ALLY. The Goldman Sachs Group reiterated a “buy” rating on shares of Ally Financial in a research report on Thursday, February 1st. BMO Capital Markets increased their target price on shares of Ally Financial from $36.00 to $37.00 and gave the stock a “market perform” rating in a report on Friday, April 19th. Wells Fargo & Company increased their target price on shares of Ally Financial from $29.00 to $33.00 and gave the stock an “underweight” rating in a report on Wednesday, April 10th. TD Cowen increased their target price on shares of Ally Financial from $42.00 to $43.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ally Financial in a report on Wednesday, January 10th. They issued a “buy” rating and a $47.00 target price on the stock. Four analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $38.47.

Ally Financial Stock Up 0.1 %

Shares of NYSE ALLY traded up $0.05 during mid-day trading on Wednesday, reaching $39.76. 3,366,909 shares of the company’s stock traded hands, compared to its average volume of 4,005,403. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.92. The business has a 50-day simple moving average of $37.85 and a 200 day simple moving average of $33.23. Ally Financial Inc. has a 1-year low of $22.54 and a 1-year high of $41.56. The stock has a market cap of $12.09 billion, a P/E ratio of 16.21, a PEG ratio of 0.58 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.33 by $0.12. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the firm posted $0.82 earnings per share. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, analysts expect that Ally Financial Inc. will post 2.95 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, April 30th. This represents a $1.20 annualized dividend and a yield of 3.02%. Ally Financial’s dividend payout ratio is currently 48.98%.

About Ally Financial

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.