BNP Paribas Financial Markets Raises Holdings in Ally Financial Inc. (NYSE:ALLY)

BNP Paribas Financial Markets raised its holdings in Ally Financial Inc. (NYSE:ALLY) by 75.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 277,099 shares of the financial services provider’s stock after purchasing an additional 118,769 shares during the quarter. BNP Paribas Financial Markets owned 0.09% of Ally Financial worth $9,862,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Fifth Third Bancorp raised its holdings in Ally Financial by 1.2% in the 2nd quarter. Fifth Third Bancorp now owns 23,275 shares of the financial services provider’s stock valued at $923,000 after buying an additional 278 shares during the period. CIBC Asset Management Inc increased its position in shares of Ally Financial by 1.9% during the third quarter. CIBC Asset Management Inc now owns 15,638 shares of the financial services provider’s stock valued at $557,000 after acquiring an additional 293 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Ally Financial by 8.2% in the 3rd quarter. Blue Trust Inc. now owns 4,660 shares of the financial services provider’s stock valued at $166,000 after acquiring an additional 352 shares during the period. Allworth Financial LP lifted its holdings in shares of Ally Financial by 41.9% in the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 421 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of Ally Financial by 39.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,630 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 463 shares during the period. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Stock Performance

Shares of ALLY stock opened at $39.98 on Monday. The company has a market cap of $12.18 billion, a P/E ratio of 15.99, a PEG ratio of 0.47 and a beta of 1.40. The firm has a fifty day moving average price of $35.90 and a 200 day moving average price of $38.62. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. Ally Financial Inc. has a 12 month low of $28.99 and a 12 month high of $45.46.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.38. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.83 EPS. Sell-side analysts predict that Ally Financial Inc. will post 3 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.00%. Ally Financial’s dividend payout ratio is presently 48.00%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ALLY. TD Cowen decreased their price target on Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a research note on Monday, September 23rd. Wells Fargo & Company decreased their target price on Ally Financial from $37.00 to $32.00 and set an “underweight” rating on the stock in a research note on Thursday, September 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Ally Financial in a research report on Monday, October 21st. Keefe, Bruyette & Woods reduced their price target on shares of Ally Financial from $50.00 to $44.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Finally, Barclays dropped their price objective on shares of Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $40.80.

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.