Ally Financial Inc. (NYSE:ALLY) Shares Purchased by V Square Quantitative Management LLC

V Square Quantitative Management LLC boosted its holdings in Ally Financial Inc. (NYSE:ALLY) by 46.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,498 shares of the financial services provider’s stock after acquiring an additional 1,114 shares during the quarter. V Square Quantitative Management LLC’s holdings in Ally Financial were worth $122,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Northwest Financial Advisors purchased a new position in Ally Financial in the fourth quarter worth $31,000. Quarry LP raised its position in Ally Financial by 165.7% in the fourth quarter. Quarry LP now owns 959 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 598 shares in the last quarter. Friedenthal Financial purchased a new position in Ally Financial in the fourth quarter worth $50,000. Rakuten Securities Inc. purchased a new position in Ally Financial in the fourth quarter worth $67,000. Finally, GAMMA Investing LLC purchased a new position in Ally Financial in the fourth quarter worth $78,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Performance

NYSE ALLY opened at $39.76 on Tuesday. The business’s 50-day simple moving average is $38.91 and its 200-day simple moving average is $36.90. The firm has a market capitalization of $12.09 billion, a P/E ratio of 16.23, a P/E/G ratio of 0.47 and a beta of 1.41. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.92. Ally Financial Inc. has a 1-year low of $22.54 and a 1-year high of $41.77.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results 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. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. Ally Financial had a return on equity of 8.35% and a net margin of 10.59%. Ally Financial’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 EPS. Equities analysts predict that Ally Financial Inc. will post 3 EPS for the current year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend was Tuesday, April 30th. Ally Financial’s dividend payout ratio (DPR) is presently 48.98%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ALLY shares. TD Cowen raised their price target on Ally Financial from $42.00 to $43.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Compass Point lifted their price objective on Ally Financial from $28.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. StockNews.com upgraded Ally Financial from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. lowered Ally Financial from a “neutral” rating to an “underweight” rating and raised their price target for the stock from $37.00 to $39.00 in a research note on Wednesday, April 3rd. Finally, Evercore ISI raised their price target on Ally Financial from $41.00 to $43.00 and gave the stock an “in-line” rating in a research note on Thursday, March 28th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $40.00.

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.