Thompson Siegel & Walmsley LLC Boosts Stock Position in Ally Financial Inc. (NYSE:ALLY)

Thompson Siegel & Walmsley LLC boosted its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,335,700 shares of the financial services provider’s stock after purchasing an additional 36,556 shares during the quarter. Thompson Siegel & Walmsley LLC owned about 0.44% of Ally Financial worth $47,538,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of ALLY. Janney Montgomery Scott LLC boosted its holdings in shares of Ally Financial by 68.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 68,986 shares of the financial services provider’s stock worth $2,455,000 after purchasing an additional 28,114 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Ally Financial by 245.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 608,179 shares of the financial services provider’s stock worth $24,687,000 after buying an additional 432,350 shares during the period. OLD National Bancorp IN lifted its stake in shares of Ally Financial by 3.8% during the 2nd quarter. OLD National Bancorp IN now owns 880,601 shares of the financial services provider’s stock worth $34,933,000 after purchasing an additional 32,478 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of Ally Financial by 15.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 369,491 shares of the financial services provider’s stock worth $14,988,000 after buying an additional 49,539 shares during the last quarter. Finally, Fulton Bank N.A. purchased a new stake in shares of Ally Financial during the 2nd quarter valued at $689,000. Institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Performance

Shares of NYSE ALLY opened at $35.53 on Thursday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $10.83 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 0.42 and a beta of 1.40. The company has a 50-day simple moving average of $35.17 and a 200-day simple moving average of $38.68. Ally Financial Inc. has a 12 month low of $26.50 and a 12 month 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 earnings per share for the quarter, topping 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 business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.83 EPS. On average, equities analysts anticipate that Ally Financial Inc. will post 3 earnings per share for the current year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date was Friday, November 1st. Ally Financial’s dividend payout ratio is currently 48.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Morgan Stanley lowered 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 note on Monday, October 21st. Royal Bank of Canada reiterated an “outperform” rating and set a $40.00 price target on shares of Ally Financial in a research note on Monday, October 21st. JPMorgan Chase & Co. upgraded Ally Financial from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $46.00 to $40.00 in a research note on Monday, October 7th. Bank of America dropped their target price on Ally Financial from $46.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Finally, StockNews.com raised shares of Ally Financial from a “sell” rating to a “hold” rating in a research report on Saturday, October 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $40.69.

About Ally Financial

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.