Ally Financial Inc. (NYSE:ALLY) Short Interest Update

Ally Financial Inc. (NYSE:ALLY) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 8,260,000 shares, a decrease of 9.1% from the November 15th total of 9,090,000 shares. Based on an average trading volume of 4,040,000 shares, the short-interest ratio is currently 2.0 days. Currently, 2.7% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $40.00 price objective on shares of Ally Financial in a research note on Monday, October 21st. BTIG Research downgraded shares of Ally Financial from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. Barclays decreased their price objective on shares of Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a research report on Thursday, September 12th. Morgan Stanley decreased their price objective on shares of Ally Financial from $45.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Finally, Wells Fargo & Company decreased their price objective on shares of Ally Financial from $37.00 to $32.00 and set an “underweight” rating for the company in a research report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, Ally Financial currently has a consensus rating of “Hold” and an average target price of $41.73.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Blue Trust Inc. boosted its holdings in Ally Financial by 10.2% during the second quarter. Blue Trust Inc. now owns 4,308 shares of the financial services provider’s stock worth $175,000 after purchasing an additional 400 shares during the last quarter. Sara Bay Financial boosted its holdings in Ally Financial by 30.3% during the second quarter. Sara Bay Financial now owns 24,176 shares of the financial services provider’s stock worth $959,000 after purchasing an additional 5,615 shares during the last quarter. Neo Ivy Capital Management purchased a new position in Ally Financial during the second quarter worth about $285,000. Hobbs Group Advisors LLC purchased a new position in Ally Financial during the second quarter worth about $52,000. Finally, Fifth Third Bancorp boosted its holdings in Ally Financial by 1.2% during the second quarter. Fifth Third Bancorp now owns 23,275 shares of the financial services provider’s stock worth $923,000 after purchasing an additional 278 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Ally Financial Stock Up 0.4 %

NYSE:ALLY traded up $0.16 during trading hours on Friday, reaching $37.68. The company had a trading volume of 2,415,159 shares, compared to its average volume of 3,461,070. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.36. The firm has a market cap of $11.48 billion, a price-to-earnings ratio of 15.07, a P/E/G ratio of 0.46 and a beta of 1.42. The business’s 50-day simple moving average is $36.65 and its two-hundred day simple moving average is $38.58. Ally Financial has a twelve month low of $31.77 and a twelve month high of $45.46.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.38. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The business’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the company earned $0.83 earnings per share. On average, equities analysts expect that Ally Financial will post 3 earnings per share for the current year.

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend was Friday, November 1st. Ally Financial’s dividend payout ratio is currently 48.00%.

Ally Financial Company 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.