Asset Management Advisors LLC Has $5.86 Million Stock Position in Ally Financial Inc. (NYSE:ALLY)

Asset Management Advisors LLC lessened its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 164,560 shares of the financial services provider’s stock after selling 1,039 shares during the quarter. Ally Financial accounts for about 4.1% of Asset Management Advisors LLC’s investment portfolio, making the stock its 9th largest position. Asset Management Advisors LLC owned 0.05% of Ally Financial worth $5,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Boston Partners bought a new position in Ally Financial in the 1st quarter valued at $152,079,000. Wedge Capital Management L L P NC raised its position in Ally Financial by 584.7% in the 3rd quarter. Wedge Capital Management L L P NC now owns 1,395,308 shares of the financial services provider’s stock valued at $49,659,000 after purchasing an additional 1,191,529 shares during the last quarter. Delta Global Management LP raised its position in Ally Financial by 3,262.3% in the 1st quarter. Delta Global Management LP now owns 1,035,994 shares of the financial services provider’s stock valued at $42,051,000 after purchasing an additional 1,005,182 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Ally Financial by 11.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider’s stock valued at $384,715,000 after purchasing an additional 987,489 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Ally Financial by 2,088.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 728,864 shares of the financial services provider’s stock valued at $25,940,000 after purchasing an additional 695,555 shares during the last quarter. Institutional investors own 88.76% of the company’s stock.

Analyst Upgrades and Downgrades

ALLY has been the subject of several research reports. JPMorgan Chase & Co. raised Ally Financial from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $46.00 to $40.00 in a research note on Monday, October 7th. Barclays lowered their target price on Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a research note on Thursday, September 12th. Morgan Stanley lowered their target price on Ally Financial from $45.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Keefe, Bruyette & Woods lowered their target price on Ally Financial from $50.00 to $44.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Finally, Raymond James raised Ally Financial from an “underperform” rating to a “market perform” rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $40.38.

Ally Financial Trading Down 1.2 %

ALLY stock traded down $0.46 during midday trading on Friday, hitting $37.56. 2,714,223 shares of the company’s stock were exchanged, compared to its average volume of 4,004,392. The stock’s fifty day moving average price is $35.62 and its 200-day moving average price is $38.84. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $11.45 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 0.45 and a beta of 1.40. Ally Financial Inc. has a one year low of $25.16 and a one year high of $45.46.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 8.39% and a net margin of 10.84%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.83 earnings per share. Research analysts predict that Ally Financial Inc. will post 3 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, November 1st. This represents a $1.20 annualized dividend and a yield of 3.19%. Ally Financial’s payout ratio is presently 48.00%.

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.