Penn Davis Mcfarland Inc. Reduces Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

Penn Davis Mcfarland Inc. cut its position in shares of Ally Financial Inc. (NYSE:ALLY) by 1.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 74,455 shares of the financial services provider’s stock after selling 1,415 shares during the quarter. Penn Davis Mcfarland Inc.’s holdings in Ally Financial were worth $2,681,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ALLY. State Street Corp lifted its stake in shares of Ally Financial by 0.5% in the 3rd quarter. State Street Corp now owns 10,704,719 shares of the financial services provider’s stock valued at $380,981,000 after purchasing an additional 51,426 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Ally Financial by 233.4% in the fourth 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 buying an additional 1,701,264 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Ally Financial by 217.0% during the third 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 boosted its stake in 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 period. Finally, Jennison Associates LLC increased its position in shares of Ally Financial by 4.7% during 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 acquiring an additional 75,080 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Ally Financial Trading Down 1.1 %

ALLY opened at $36.96 on Monday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.92 and a current ratio of 0.92. Ally Financial Inc. has a one year low of $31.77 and a one year high of $45.46. The company has a market cap of $11.26 billion, a P/E ratio of 14.79, a PEG ratio of 0.33 and a beta of 1.44. The business’s 50-day simple moving average is $36.85 and its 200-day simple moving average is $37.96.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.57 by $0.38. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 earnings per share. As a group, equities research analysts expect that Ally Financial Inc. will post 2.95 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.25%. Ally Financial’s dividend payout ratio (DPR) is 48.00%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ALLY shares. Citigroup boosted their target price on Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, November 15th. TD Cowen decreased their target price on Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a research note on Monday, September 23rd. StockNews.com raised Ally Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Raymond James upgraded shares of Ally Financial from an “underperform” rating to a “market perform” rating in a report on Monday, October 21st. Finally, Morgan Stanley increased their target price on shares of Ally Financial from $41.00 to $42.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $42.53.

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.