Principal Financial Group Inc. decreased its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 30.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 635,951 shares of the financial services provider's stock after selling 275,639 shares during the period. Principal Financial Group Inc. owned about 0.21% of Ally Financial worth $22,633,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in ALLY. State Street Corp increased its holdings in shares of Ally Financial by 0.5% during the third quarter. State Street Corp now owns 10,704,719 shares of the financial services provider's stock worth $380,981,000 after buying an additional 51,426 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Ally Financial by 11.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider's stock worth $384,715,000 after purchasing an additional 987,489 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in Ally Financial by 217.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider's stock valued at $81,260,000 after purchasing an additional 1,563,008 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Ally Financial by 19.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,106,589 shares of the financial services provider's stock valued at $74,974,000 after purchasing an additional 344,543 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Ally Financial by 4.7% during the third quarter. Jennison Associates LLC now owns 1,672,812 shares of the financial services provider's stock worth $59,535,000 after purchasing an additional 75,080 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company's stock.
Ally Financial stock opened at $35.75 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $10.89 billion, a PE ratio of 14.30, a PEG ratio of 0.46 and a beta of 1.42. The firm's fifty day moving average is $36.70 and its 200 day moving average is $38.44. Ally Financial Inc. has a 12-month low of $31.77 and a 12-month high of $45.46.
Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.38. The company had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.03 billion. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The business's revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 EPS. As a group, sell-side analysts predict that Ally Financial Inc. will post 3 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.36%. Ally Financial's dividend payout ratio (DPR) is presently 48.00%.
A number of research analysts recently issued reports on the stock. Morgan Stanley raised their price objective on shares of Ally Financial from $41.00 to $42.00 and gave the company an "overweight" rating in a report on Thursday, December 19th. Wells Fargo & Company cut their price target on shares of Ally Financial from $37.00 to $32.00 and set an "underweight" rating on the stock in a report on Thursday, September 26th. Citigroup increased their price objective on Ally Financial from $50.00 to $55.00 and gave the company a "buy" rating in a report on Friday, November 15th. StockNews.com raised Ally Financial from a "sell" rating to a "hold" rating in a report on Saturday, October 19th. Finally, JPMorgan Chase & Co. upped their price target on Ally Financial from $40.00 to $42.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $42.14.
Get Our Latest Stock Report on ALLY
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.
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