First Hawaiian Bank Purchases New Position in Ally Financial Inc (ALLY)

First Hawaiian Bank purchased a new position in Ally Financial Inc (NYSE:ALLY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,143 shares of the financial services provider’s stock, valued at approximately $268,000.

A number of other hedge funds also recently bought and sold shares of the stock. PGGM Investments increased its stake in Ally Financial by 69.9% in the 3rd quarter. PGGM Investments now owns 1,221,568 shares of the financial services provider’s stock worth $32,310,000 after buying an additional 502,388 shares during the period. Bank of Montreal Can increased its stake in Ally Financial by 32.7% in the 3rd quarter. Bank of Montreal Can now owns 191,949 shares of the financial services provider’s stock worth $5,077,000 after buying an additional 47,333 shares during the period. DNB Asset Management AS increased its stake in Ally Financial by 5.4% in the 3rd quarter. DNB Asset Management AS now owns 217,900 shares of the financial services provider’s stock worth $5,763,000 after buying an additional 11,100 shares during the period. NEXT Financial Group Inc purchased a new position in Ally Financial in the 3rd quarter worth about $153,000. Finally, Northern Trust Corp increased its stake in Ally Financial by 1.9% in the 2nd quarter. Northern Trust Corp now owns 3,578,476 shares of the financial services provider’s stock worth $94,008,000 after buying an additional 66,832 shares during the period. 99.08% of the stock is currently owned by institutional investors.

Several research firms recently commented on ALLY. Piper Jaffray Companies set a $34.00 price target on shares of Ally Financial and gave the stock a “buy” rating in a research note on Monday. ValuEngine cut shares of Ally Financial from a “hold” rating to a “sell” rating in a report on Saturday. 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 report on Friday. Oppenheimer set a $32.00 target price on shares of Ally Financial and gave the stock a “buy” rating in a report on Thursday, October 25th. Finally, Zacks Investment Research cut shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. Ally Financial presently has an average rating of “Buy” and a consensus target price of $32.72.

Shares of Ally Financial stock opened at $24.28 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 3.60. Ally Financial Inc has a 1 year low of $23.69 and a 1 year high of $31.29. The stock has a market cap of $10.28 billion, a price-to-earnings ratio of 7.81, a price-to-earnings-growth ratio of 0.61 and a beta of 1.34.

Ally Financial (NYSE:ALLY) last issued its earnings results on Thursday, October 25th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.11. Ally Financial had a net margin of 16.87% and a return on equity of 10.22%. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. As a group, equities research analysts forecast that Ally Financial Inc will post 3.15 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Wednesday, October 31st. Ally Financial’s dividend payout ratio is currently 25.10%.

About Ally Financial

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

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