Several hedge funds and institutional investors have adjusted their holdings in Ally Financial. For example, Allspring Global Investments increased its stake by 510.7% in the second quarter, owning 629 shares valued at $25,000 after buying 526 additional shares. Other notable changes include Transcendent Capital Group, Rise Advisors, and Quarry LP, which also made new investments in Amy Financial, raising their respective stakes significantly. Overall, institutional investors hold 88.76% of Ally’s shares.
Analysts Set New Price Targets
Analysts have recently updated their ratings on Ally Financial. BTIG downgraded the stock from buy to neutral on September 16. Conversely, JPMorgan upgraded it from neutral to overweight while lowering their price target from $46 to $40. Other firms like Evercore ISI and TD Cowen also adjusted their targets. Currently, three analysts rate the stock as a sell, six as hold, and nine as buy, leading to a consensus rating of Hold with a price target of $40.63.
Check Out Our Latest Analysis on ALLY
Ally Financial Stock Performance
Ally Financial stock opened at $35.66 recently, with a market cap of $10.84 billion. The stock has fluctuated between a low of $22.54 and a high of $45.46 over the past 12 months. Ally reported earnings of $0.97 per share recently, surpassing estimates, with a net margin of 10.26%.
Ally Financial Dividend Announcement
The company declared a quarterly dividend of $0.30 per share, payable on November 15. The ex-dividend date is November 1, leading to an annual dividend yield of 3.37%.
Ally Financial Company Profile
( Free Report )
Ally Financial Inc. specializes in digital financial products and services across the U.S., Canada, and Bermuda, operating in segments like Automotive Finance, Insurance, Mortgage, and Corporate Finance.
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