Ally Financial Inc (NYSE:ALLY) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. raised its stake in shares of Ally Financial Inc (NYSE:ALLY) by 3.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,295,786 shares of the financial services provider’s stock after buying an additional 46,609 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.29% of Ally Financial worth $31,436,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ALLY. Wetherby Asset Management Inc. boosted its holdings in shares of Ally Financial by 0.5% during the second quarter. Wetherby Asset Management Inc. now owns 12,247 shares of the financial services provider’s stock worth $256,000 after purchasing an additional 56 shares during the period. QS Investors LLC raised its position in Ally Financial by 0.7% during the second quarter. QS Investors LLC now owns 10,946 shares of the financial services provider’s stock valued at $229,000 after acquiring an additional 74 shares in the last quarter. Advisors Asset Management Inc. raised its position in Ally Financial by 0.4% during the second quarter. Advisors Asset Management Inc. now owns 28,029 shares of the financial services provider’s stock valued at $586,000 after acquiring an additional 107 shares in the last quarter. Cadence Capital Management LLC raised its position in shares of Ally Financial by 0.8% in the second quarter. Cadence Capital Management LLC now owns 14,986 shares of the financial services provider’s stock valued at $313,000 after purchasing an additional 126 shares during the period. Finally, Pacer Advisors Inc. raised its position in shares of Ally Financial by 8.3% in the second quarter. Pacer Advisors Inc. now owns 11,614 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 886 shares during the period.

A number of equities analysts have recently commented on the stock. Barclays lifted their price target on shares of Ally Financial from $26.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday. Zacks Investment Research raised shares of Ally Financial from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Tuesday. BMO Capital Markets lifted their price target on shares of Ally Financial from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, October 26th. Morgan Stanley lifted their price target on shares of Ally Financial from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, October 26th. Finally, Citigroup initiated coverage on shares of Ally Financial in a research note on Monday, October 16th. They issued a “buy” rating and a $30.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $29.56.

Ally Financial Inc (NYSE:ALLY) traded up $29.43 during midday trading on Tuesday, hitting $29.43. The stock had a trading volume of 1,970,400 shares, compared to its average volume of 2,556,550. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 3.32. The firm has a market cap of $13,010.00, a P/E ratio of 13.69, a PEG ratio of 1.28 and a beta of 1.45. Ally Financial Inc has a 12 month low of $18.11 and a 12 month high of $29.50.

Ally Financial (NYSE:ALLY) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.08. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. Ally Financial had a return on equity of 7.72% and a net margin of 14.75%. During the same period in the prior year, the firm posted $0.56 EPS. equities analysts predict that Ally Financial Inc will post 2.27 EPS for the current fiscal year.

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Ally Financial Company Profile

Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.

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

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