Brooklyn Investment Group Invests $63,000 in Ally Financial Inc. (NYSE:ALLY)

Brooklyn Investment Group acquired a new position in shares of Ally Financial Inc. (NYSE:ALLY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,777 shares of the financial services provider’s stock, valued at approximately $63,000.

Several other large investors also recently made changes to their positions in ALLY. Price T Rowe Associates Inc. MD lifted its stake in Ally Financial by 245.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 608,179 shares of the financial services provider’s stock valued at $24,687,000 after acquiring an additional 432,350 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Ally Financial in the 1st quarter valued at $219,000. Virtu Financial LLC acquired a new stake in Ally Financial in the first quarter valued at $222,000. LRI Investments LLC acquired a new stake in Ally Financial in the first quarter valued at $64,000. Finally, Swedbank AB acquired a new stake in Ally Financial in the first quarter valued at $6,904,000. Institutional investors own 88.76% of the company’s stock.

Wall Street Analysts Forecast Growth

ALLY has been the subject of a number of recent analyst reports. BTIG Research downgraded Ally Financial from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. Citigroup increased their price target on Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, November 15th. JPMorgan Chase & Co. upgraded Ally Financial from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $46.00 to $40.00 in a report on Monday, October 7th. Evercore ISI decreased their price target on Ally Financial from $47.00 to $38.00 and set an “in-line” rating for the company in a report on Monday, October 7th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $40.00 price target on shares of Ally Financial in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Ally Financial currently has a consensus rating of “Hold” and an average price target of $40.69.

Ally Financial Stock Up 0.2 %

ALLY opened at $39.49 on Friday. The company has a fifty day moving average price of $35.79 and a 200-day moving average price of $38.65. The firm has a market capitalization of $12.03 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 0.46 and a beta of 1.40. 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 Inc. has a one year low of $26.50 and a one year high of $45.46.

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

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Friday, November 1st. Ally Financial’s dividend payout ratio is currently 48.00%.

Ally Financial Company 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.