Mutual of America Capital Management LLC Takes $4.71 Million Position in Ally Financial Inc. (NYSE:ALLY)

Mutual of America Capital Management LLC bought a new position in shares of Ally Financial Inc. (NYSE:ALLYFree Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 176,462 shares of the financial services provider’s stock, valued at approximately $4,708,000. Mutual of America Capital Management LLC owned about 0.06% of Ally Financial as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Salem Investment Counselors Inc. raised its position in Ally Financial by 115.0% during the 1st quarter. Salem Investment Counselors Inc. now owns 645 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 345 shares during the last quarter. NBC Securities Inc. bought a new position in Ally Financial during the 3rd quarter worth $26,000. PCA Investment Advisory Services Inc. bought a new position in Ally Financial during the 2nd quarter worth $30,000. Harvest Fund Management Co. Ltd raised its position in Ally Financial by 337.8% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,563 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 1,206 shares during the last quarter. Finally, Natixis bought a new position in Ally Financial during the 4th quarter worth $41,000. 86.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wolfe Research upgraded Ally Financial from a “peer perform” rating to an “outperform” rating and set a $39.00 price target for the company in a report on Thursday, November 30th. Raymond James downgraded Ally Financial from a “market perform” rating to an “underperform” rating in a report on Friday, January 5th. Citigroup decreased their price target on Ally Financial from $37.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, October 19th. TD Cowen assumed coverage on Ally Financial in a report on Wednesday, November 1st. They set a “market perform” rating and a $28.00 price target for the company. Finally, JPMorgan Chase & Co. decreased their price target on Ally Financial from $31.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $35.00.

Check Out Our Latest Stock Analysis on Ally Financial

Ally Financial Price Performance

ALLY stock opened at $37.05 on Tuesday. The company has a market capitalization of $11.18 billion, a P/E ratio of 12.39 and a beta of 1.41. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 0.90. Ally Financial Inc. has a 52-week low of $21.58 and a 52-week high of $38.03. The business has a 50-day simple moving average of $34.46 and a two-hundred day simple moving average of $29.58.

Ally Financial (NYSE:ALLYGet Free Report) last released its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.99 billion. Ally Financial had a return on equity of 9.41% and a net margin of 12.42%. During the same quarter in the previous year, the business earned $1.08 EPS. Research analysts expect that Ally Financial Inc. will post 3.17 EPS for the current fiscal year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.24%. Ally Financial’s dividend payout ratio (DPR) is currently 40.13%.

About Ally Financial

(Free Report)

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.

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Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

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