Ally Financial Inc. (NYSE:ALLY) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd lowered its position in shares of Ally Financial Inc. (NYSE:ALLY) by 62.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,651 shares of the financial services provider’s stock after selling 14,642 shares during the period. Quadrature Capital Ltd’s holdings in Ally Financial were worth $308,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC grew its position in shares of Ally Financial by 10.3% during the second quarter. CWM LLC now owns 8,395 shares of the financial services provider’s stock worth $333,000 after acquiring an additional 782 shares during the last quarter. M&G Plc purchased a new stake in shares of Ally Financial in the second quarter valued at about $497,000. PGGM Investments raised its holdings in shares of Ally Financial by 7.4% in the second quarter. PGGM Investments now owns 87,495 shares of the financial services provider’s stock valued at $3,471,000 after buying an additional 6,008 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Ally Financial by 10.2% during the second quarter. Blue Trust Inc. now owns 4,308 shares of the financial services provider’s stock worth $175,000 after buying an additional 400 shares during the period. Finally, Sara Bay Financial boosted its stake in shares of Ally Financial by 30.3% during the second quarter. Sara Bay Financial now owns 24,176 shares of the financial services provider’s stock worth $959,000 after buying an additional 5,615 shares during the period. 88.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on ALLY. Wells Fargo & Company reduced their price objective on Ally Financial from $37.00 to $32.00 and set an “underweight” rating for the company in a research note on Thursday, September 26th. Raymond James raised Ally Financial from an “underperform” rating to a “market perform” rating in a report on Monday, October 21st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $40.00 price target on shares of Ally Financial in a report on Monday, October 21st. BTIG Research cut shares of Ally Financial from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $41.73.

Ally Financial Stock Up 0.5 %

Ally Financial stock opened at $38.55 on Wednesday. Ally Financial Inc. has a fifty-two week low of $29.68 and a fifty-two week high of $45.46. The firm has a market capitalization of $11.75 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 0.46 and a beta of 1.42. The stock’s fifty day moving average is $36.38 and its two-hundred day moving average is $38.59. 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 data 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 firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations 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 company earned $0.83 EPS. Analysts predict that Ally Financial Inc. will post 3 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.11%. Ally Financial’s dividend payout ratio is currently 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.