UMB Bank n.a. Has $56,000 Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

UMB Bank n.a. grew its position in Ally Financial Inc. (NYSE:ALLY) by 218.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,546 shares of the financial services provider’s stock after purchasing an additional 1,061 shares during the period. UMB Bank n.a.’s holdings in Ally Financial were worth $56,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. State Street Corp increased its position in Ally Financial by 0.5% in the third quarter. State Street Corp now owns 10,704,719 shares of the financial services provider’s stock worth $380,981,000 after purchasing an additional 51,426 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Ally Financial by 233.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider’s stock valued at $87,509,000 after purchasing an additional 1,701,264 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of Ally Financial by 217.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider’s stock worth $81,260,000 after buying an additional 1,563,008 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Ally Financial by 19.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,106,589 shares of the financial services provider’s stock worth $74,974,000 after buying an additional 344,543 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in Ally Financial by 4.7% in the third quarter. Jennison Associates LLC now owns 1,672,812 shares of the financial services provider’s stock valued at $59,535,000 after buying an additional 75,080 shares during the period. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Stock Performance

Shares of Ally Financial stock opened at $39.03 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.92. The firm has a market cap of $11.89 billion, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 0.42 and a beta of 1.44. The stock’s 50-day moving average is $37.00 and its 200-day moving average is $37.95. Ally Financial Inc. has a one year low of $31.95 and a one year high of $45.46.

Ally Financial (NYSE:ALLY) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.57 by $0.21. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2,021,808.41 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 EPS. Equities analysts predict that Ally Financial Inc. will post 3.91 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Friday, January 31st. Ally Financial’s payout ratio is 46.15%.

Analyst Ratings Changes

A number of research firms have commented on ALLY. Citigroup lifted their target price on shares of Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Evercore ISI dropped their price objective on Ally Financial from $47.00 to $38.00 and set an “in-line” rating for the company in a report on Monday, October 7th. Wolfe Research cut Ally Financial from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 5th. Wells Fargo & Company upped their price target on Ally Financial from $32.00 to $34.00 and gave the company an “underweight” rating in a research note on Thursday. Finally, Morgan Stanley lifted their price objective on shares of Ally Financial from $41.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $43.47.

Ally Financial 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.