Maverick Capital Ltd. Grows Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

Maverick Capital Ltd. raised its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 1.2% in the 3rd quarter, Holdings Channel reports. The fund owned 26,120 shares of the financial services provider’s stock after acquiring an additional 299 shares during the quarter. Maverick Capital Ltd.’s holdings in Ally Financial were worth $930,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Verition Fund Management LLC increased its holdings in shares of Ally Financial by 71.4% in the third quarter. Verition Fund Management LLC now owns 25,944 shares of the financial services provider’s stock valued at $923,000 after purchasing an additional 10,809 shares during the period. Rockefeller Capital Management L.P. grew its position in Ally Financial by 29.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 53,079 shares of the financial services provider’s stock valued at $1,889,000 after buying an additional 12,229 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Ally Financial by 19.6% in the 3rd 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 valued at $74,974,000 after buying an additional 344,543 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Ally Financial by 6.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 150,877 shares of the financial services provider’s stock worth $5,370,000 after buying an additional 9,383 shares during the last quarter. Finally, 140 Summer Partners LP acquired a new stake in shares of Ally Financial in the 3rd quarter worth $19,140,000. 88.76% of the stock is owned by hedge funds and other institutional investors.

Ally Financial Stock Performance

Shares of ALLY opened at $39.98 on Friday. Ally Financial Inc. has a 1 year low of $28.99 and a 1 year high of $45.46. The company’s 50 day simple moving average is $35.90 and its 200 day simple moving average is $38.64. The company has a market capitalization of $12.18 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 0.47 and a beta of 1.40. 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 (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, sell-side analysts predict that Ally Financial Inc. will post 3 EPS 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 3.00%. The ex-dividend date of this dividend was Friday, November 1st. Ally Financial’s dividend payout ratio is currently 48.00%.

Analyst Ratings Changes

ALLY has been the subject of several analyst reports. Barclays cut their price target on shares of Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a report on Thursday, September 12th. Bank of America reduced their price target on Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. TD Cowen dropped their price objective on Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a report on Monday, September 23rd. StockNews.com raised Ally Financial from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. Finally, BTIG Research lowered shares of Ally Financial from a “buy” rating to a “neutral” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $40.80.

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.