PNC Financial Services Group Inc. Has $964,000 Holdings in Ally Financial Inc. (NYSE:ALLY)

PNC Financial Services Group Inc. increased its position in shares of Ally Financial Inc. (NYSE:ALLY) by 17.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,613 shares of the financial services provider’s stock after acquiring an additional 4,021 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Ally Financial were worth $964,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Ally Financial by 6.9% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 86,150 shares of the financial services provider’s stock valued at $3,008,000 after acquiring an additional 5,550 shares during the period. V Square Quantitative Management LLC raised its holdings in shares of Ally Financial by 46.7% during the fourth quarter. V Square Quantitative Management LLC now owns 3,498 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 1,114 shares during the period. Quarry LP increased its stake in Ally Financial by 165.7% in the 4th quarter. Quarry LP now owns 959 shares of the financial services provider’s stock valued at $33,000 after buying an additional 598 shares during the period. Barden Capital Management Inc. increased its stake in Ally Financial by 14.7% in the 4th quarter. Barden Capital Management Inc. now owns 34,545 shares of the financial services provider’s stock valued at $1,206,000 after buying an additional 4,419 shares during the period. Finally, Coatue Management LLC acquired a new position in Ally Financial in the 4th quarter valued at approximately $16,523,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

Analyst Ratings Changes

ALLY has been the topic of several research reports. Compass Point upped their price objective on shares of Ally Financial from $28.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. StockNews.com upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. BTIG Research began coverage on shares of Ally Financial in a report on Friday, June 7th. They issued a “buy” rating and a $51.00 price target for the company. Evercore ISI increased their price target on shares of Ally Financial from $41.00 to $43.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. Finally, TD Cowen increased their price target on shares of Ally Financial from $42.00 to $43.00 and gave the company a “hold” rating in a report on Friday, April 19th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $40.00.

Ally Financial Trading Down 0.4 %

Shares of Ally Financial stock opened at $39.82 on Monday. The stock has a market capitalization of $12.10 billion, a P/E ratio of 16.25, a price-to-earnings-growth ratio of 0.49 and a beta of 1.41. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.50. The company has a 50-day simple moving average of $39.06 and a 200 day simple moving average of $37.17. Ally Financial Inc. has a 12-month low of $22.54 and a 12-month high of $41.77.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.12. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.82 EPS. Research analysts expect that Ally Financial Inc. will post 3 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend was Tuesday, April 30th. Ally Financial’s dividend payout ratio (DPR) is presently 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.