Prudential Financial Inc. Sells 69,800 Shares of Ally Financial Inc. (ALLY)

Prudential Financial Inc. trimmed its position in shares of Ally Financial Inc. (NYSE:ALLY) by 7.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 931,012 shares of the financial services provider’s stock after selling 69,800 shares during the period. Prudential Financial Inc. owned about 0.19% of Ally Financial worth $22,586,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Toronto Dominion Bank raised its holdings in shares of Ally Financial by 23.0% during the second quarter. Toronto Dominion Bank now owns 5,714 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 1,070 shares in the last quarter. Capstone Asset Management Co. purchased a new stake in shares of Ally Financial during the second quarter worth $208,000. Twin Tree Management LP purchased a new stake in shares of Ally Financial during the second quarter worth $215,000. Tower Research Capital LLC TRC raised its holdings in shares of Ally Financial by 50.4% during the second quarter. Tower Research Capital LLC TRC now owns 10,455 shares of the financial services provider’s stock worth $219,000 after acquiring an additional 3,505 shares in the last quarter. Finally, QS Investors LLC raised its holdings in shares of Ally Financial by 0.7% during the second quarter. QS Investors LLC now owns 10,946 shares of the financial services provider’s stock worth $229,000 after acquiring an additional 74 shares in the last quarter.

TRADEMARK VIOLATION WARNING: This report was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this report on another site, it was stolen and reposted in violation of US and international trademark & copyright law. The legal version of this report can be accessed at https://sportsperspectives.com/2017/11/17/prudential-financial-inc-sells-69800-shares-of-ally-financial-inc-ally.html.

Shares of Ally Financial Inc. (ALLY) opened at $26.42 on Friday. The stock has a market capitalization of $11,598.54, a PE ratio of 11.66, a PEG ratio of 2.31 and a beta of 1.46. Ally Financial Inc. has a 1 year low of $18.11 and a 1 year high of $26.93. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.21 and a quick ratio of 1.21.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.08. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. Ally Financial had a return on equity of 7.72% and a net margin of 14.75%. During the same period last year, the business posted $0.56 earnings per share. sell-side analysts predict that Ally Financial Inc. will post 2.27 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Tuesday, October 31st. Ally Financial’s dividend payout ratio is currently 22.22%.

Several analysts recently issued reports on the company. Zacks Investment Research upgraded Ally Financial from a “sell” rating to a “hold” rating and set a $29.00 price objective for the company in a report on Friday, October 27th. Morgan Stanley increased their price objective on Ally Financial from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. BMO Capital Markets increased their price objective on Ally Financial from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. Barclays PLC increased their price objective on Ally Financial from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. Finally, Credit Suisse Group increased their price objective on Ally Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $26.93.

Ally Financial Profile

Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.

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

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

Latest News

Leave a Reply