BNP Paribas Financial Markets Grows Position in Ally Financial Inc. (NYSE:ALLY)

BNP Paribas Financial Markets boosted its position in shares of Ally Financial Inc. (NYSE:ALLY) by 75.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 277,099 shares of the financial services provider’s stock after buying an additional 118,769 shares during the period. BNP Paribas Financial Markets’ holdings in Ally Financial were worth $9,862,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Ally Financial by 510.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 526 shares during the period. Venturi Wealth Management LLC grew its position in Ally Financial by 153.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 577 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Ally Financial in the second quarter valued at $41,000. Allworth Financial LP raised its holdings in shares of Ally Financial by 41.9% in the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after buying an additional 421 shares during the last quarter. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of Ally Financial during the second quarter worth about $52,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Performance

NYSE ALLY opened at $39.98 on Monday. The business has a 50 day moving average price of $35.90 and a 200 day moving average price of $38.62. The company has a market capitalization of $12.18 billion, a P/E ratio of 15.99, a PEG ratio of 0.47 and a beta of 1.40. Ally Financial Inc. has a 1-year low of $28.99 and a 1-year high of $45.46. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.92 and a quick ratio of 0.92.

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

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.00%. The ex-dividend date was Friday, November 1st. Ally Financial’s dividend payout ratio (DPR) is presently 48.00%.

Analyst Upgrades and Downgrades

ALLY has been the subject of several analyst reports. BTIG Research downgraded Ally Financial from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. Raymond James raised Ally Financial from an “underperform” rating to a “market perform” rating in a report on Monday, October 21st. StockNews.com raised shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. JPMorgan Chase & Co. upgraded shares of Ally Financial from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $46.00 to $40.00 in a research note on Monday, October 7th. Finally, Bank of America dropped their price target on shares of Ally Financial from $46.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $40.80.

Ally Financial Profile

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.