Economy

Ally Financial Inc (ALLY) on Focus After Trading At 52-Week Highs

Commonwealth Bank of Australia now owns 6,010 shares of the financial services provider's stock valued at $117,000 after buying an additional 2,775 shares in the last quarter. (ALLY) most recent 13F filing, the company has 44 new institutional holders - accounting for 6.2 million shares of its common stock. As of quarter end Perkins Investment Management, LLC had bought a total of 153,204 shares growing its stake by 15.5%. The value of the investment in (ALLY) went from $39,544,000 to $42,672,000 a change of $3,128,000 quarter over quarter. This repurchase authorization authorizes the financial services provider to buy up to 7.5% of its shares through open market purchases. The stock rose 0.05% or $0.03 reaching $55.69 per share. Toronto Dominion Bank now owns 5,714 shares of the financial services provider's stock worth $119,000 after purchasing an additional 1,070 shares during the last quarter. Finally, Federated Investors Inc. PA increased its position in shares of Ally Financial by 7.2% during the 2nd quarter.

Shares of Ally Financial Inc (NYSE:ALLY) traded up 0.43% during trading on Monday, reaching $18.87. BMO Capital Markets reiterated a "buy" rating and set a $26.00 price objective on shares of Ally Financial in a report on Tuesday, April 25th.

With a total market value of $0, Ally Financial Inc has price-earnings ratio of 12.44 with a one year low of $16.68 and a one year high of $24.57. Jefferies maintained the stock with "Buy" rating in Thursday, September 28 report. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Commonwealth Bank of Australia raised its stake in shares of Ally Financial by 85.8% in the third quarter.

Shares last traded at $24.48 which is marginally higher than $23.10, the stock's 50 day moving average and which is well above the 200 day moving average of $21.12. Ally Financial Inc has recorded a 50-day average of $22.96 and a two hundred day average of $21.05.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Thursday, July 27th. Analysts forecast EPS of $0.57, up exactly $0.01 or 1.79 % from 2014's $0.56 EPS. Ally Financial had a net margin of 13.83% and a return on equity of 7.55%.

The company is now up since yesterday's close of 24.36.

Gluskin Sheff & Assoc Inc. lowered its stake in shares of Ally Financial Inc (NYSE:ALLY) by 94.0% during the first quarter, Holdings Channel reports. Macquarie Research initiated Ally Financial Inc (NYSE:ALLY) on Wednesday, May 11 with "Neutral" rating. On Tuesday, January 3 the stock rating was maintained by Barclays Capital with "Overweight". Shares repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued. If you are viewing this report on another site, it was copied illegally and reposted in violation of United States and global trademark & copyright law. The original version of this piece can be read at https://www.dispatchtribunal.com/2017/10/10/prudential-plc-purchases-new-stake-in-ally-financial-inc-ally.html.

Check Capital Management Inc who had been investing in Wells Fargo for a number of months, seems to be bullish on the $276.29B market cap company. The Slate Path Capital Lp holds 10.58M shares with $221.12M value, up from 10.42 million last quarter. The Company's divisions 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.

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