Ally Financial Inc. (NYSE:ALLY) Holdings Raised by Toronto Dominion Bank

Toronto Dominion Bank lifted its stake in Ally Financial Inc. (NYSE:ALLY) by 54.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,310 shares of the financial services provider’s stock after acquiring an additional 19,050 shares during the quarter. Toronto Dominion Bank’s holdings in Ally Financial were worth $2,204,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Donald Smith & CO. Inc. increased its holdings in Ally Financial by 0.8% in the first quarter. Donald Smith & CO. Inc. now owns 2,774,487 shares of the financial services provider’s stock worth $112,616,000 after buying an additional 21,657 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Ally Financial by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,346,882 shares of the financial services provider’s stock worth $81,953,000 after purchasing an additional 42,556 shares during the last quarter. Magnolia Group LLC boosted its position in Ally Financial by 3.7% during the fourth quarter. Magnolia Group LLC now owns 2,120,122 shares of the financial services provider’s stock worth $74,035,000 after purchasing an additional 76,000 shares during the period. Scout Investments Inc. acquired a new position in Ally Financial during the fourth quarter valued at approximately $63,080,000. Finally, Norges Bank bought a new position in shares of Ally Financial in the fourth quarter valued at approximately $62,869,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ALLY shares. Wells Fargo & Company raised their target price on shares of Ally Financial from $33.00 to $37.00 and gave the company an “underweight” rating in a research note on Thursday, July 18th. Evercore ISI boosted their price objective on Ally Financial from $43.00 to $45.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. Citigroup started coverage on Ally Financial in a research report on Monday, June 24th. They issued a “buy” rating and a $50.00 price target on the stock. Compass Point raised their price target on shares of Ally Financial from $28.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Finally, TD Cowen upped their price objective on shares of Ally Financial from $42.00 to $43.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $42.78.

Ally Financial Stock Up 1.5 %

Shares of NYSE:ALLY opened at $43.99 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.39. The firm has a market cap of $13.37 billion, a P/E ratio of 17.96, a P/E/G ratio of 0.43 and a beta of 1.41. Ally Financial Inc. has a 12 month low of $22.54 and a 12 month high of $44.50. The company’s 50-day moving average price is $40.23 and its two-hundred day moving average price is $38.49.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.64 by $0.33. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the firm earned $0.96 earnings per share. Ally Financial’s revenue was down 3.8% compared to the same quarter last year. As a group, research analysts forecast that Ally Financial Inc. will post 3.42 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Wednesday, July 31st. Ally Financial’s dividend payout ratio (DPR) is presently 48.98%.

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.