Quantbot Technologies LP Takes Position in Ally Financial Inc. (NYSE:ALLY)

Quantbot Technologies LP purchased a new stake in shares of Ally Financial Inc. (NYSE:ALLY) during the third quarter, HoldingsChannel reports. The institutional investor purchased 116,051 shares of the financial services provider’s stock, valued at approximately $4,130,000.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its holdings in Ally Financial by 510.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 526 shares during the last quarter. Venturi Wealth Management LLC raised its position in Ally Financial by 153.9% in the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 577 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Ally Financial in the second quarter worth approximately $41,000. Allworth Financial LP raised its position in Ally Financial by 41.9% in the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 421 shares during the period. Finally, Hobbs Group Advisors LLC bought a new position in Ally Financial in the second quarter worth approximately $52,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Performance

Shares of NYSE:ALLY opened at $39.43 on Wednesday. Ally Financial Inc. has a 52 week low of $26.50 and a 52 week high of $45.46. The stock has a market capitalization of $12.01 billion, a P/E ratio of 15.77, a PEG ratio of 0.45 and a beta of 1.40. The firm has a fifty day simple moving average of $35.59 and a two-hundred day simple moving average of $38.64. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.36.

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

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.04%. Ally Financial’s dividend payout ratio is presently 48.00%.

Wall Street Analyst Weigh In

ALLY has been the topic of several recent research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $40.00 price target on shares of Ally Financial in a research report on Monday, October 21st. Wells Fargo & Company decreased their price target on shares of Ally Financial from $37.00 to $32.00 and set an “underweight” rating on the stock in a research report on Thursday, September 26th. JPMorgan Chase & Co. upgraded shares of Ally Financial from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $46.00 to $40.00 in a research report on Monday, October 7th. Raymond James upgraded shares of Ally Financial from an “underperform” rating to a “market perform” rating in a research report on Monday, October 21st. Finally, Bank of America decreased their price objective on shares of Ally Financial from $46.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus 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.