Magnolia Group LLC Has $74.04 Million Position in Ally Financial Inc. (NYSE:ALLY)

Magnolia Group LLC lifted its position in Ally Financial Inc. (NYSE:ALLY) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,120,122 shares of the financial services provider’s stock after acquiring an additional 76,000 shares during the period. Ally Financial comprises approximately 10.9% of Magnolia Group LLC’s holdings, making the stock its 4th largest position. Magnolia Group LLC owned approximately 0.70% of Ally Financial worth $74,035,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ALLY. Northern Trust Corp increased its holdings in Ally Financial by 34.2% in the 3rd quarter. Northern Trust Corp now owns 3,122,515 shares of the financial services provider’s stock valued at $83,309,000 after buying an additional 795,754 shares during the period. Private Management Group Inc. raised its position in shares of Ally Financial by 9.4% in the 3rd quarter. Private Management Group Inc. now owns 819,136 shares of the financial services provider’s stock valued at $21,855,000 after acquiring an additional 70,615 shares during the period. ING Groep NV acquired a new stake in shares of Ally Financial in the 3rd quarter valued at approximately $4,336,000. Sherbrooke Park Advisers LLC bought a new stake in Ally Financial during the 3rd quarter worth approximately $724,000. Finally, Nordea Investment Management AB grew its stake in shares of Ally Financial by 8.1% during the 4th quarter. Nordea Investment Management AB now owns 23,442 shares of the financial services provider’s stock worth $816,000 after acquiring an additional 1,755 shares in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Evercore ISI increased their price objective on Ally Financial from $41.00 to $43.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. StockNews.com raised Ally Financial from a “sell” rating to a “hold” rating in a research note on Friday. Morgan Stanley raised Ally Financial from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $37.00 to $47.00 in a research note on Thursday, February 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $40.00 price target on shares of Ally Financial in a research note on Monday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Ally Financial in a research report on Wednesday, January 10th. They set a “buy” rating and a $47.00 target price on the stock. Four analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $38.47.

Ally Financial Price Performance

Shares of NYSE ALLY traded down $0.82 during mid-day trading on Tuesday, reaching $38.34. The company’s stock had a trading volume of 3,896,942 shares, compared to its average volume of 3,956,350. The firm has a market capitalization of $11.65 billion, a PE ratio of 15.98, a P/E/G ratio of 0.57 and a beta of 1.40. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a fifty day moving average of $38.10 and a two-hundred day moving average of $33.63. Ally Financial Inc. has a 52 week low of $22.54 and a 52 week high of $41.56.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.12. Ally Financial had a return on equity of 8.35% and a net margin of 10.59%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ally Financial Inc. will post 2.99 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Tuesday, April 30th. Ally Financial’s payout ratio is presently 48.98%.

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.