116,051 Shares in Ally Financial Inc. (NYSE:ALLY) Bought by Quantbot Technologies LP

Quantbot Technologies LP bought a new position in Ally Financial Inc. (NYSE:ALLY) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 116,051 shares of the financial services provider’s stock, valued at approximately $4,130,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its stake in Ally Financial by 1.2% in the second quarter. Fifth Third Bancorp now owns 23,275 shares of the financial services provider’s stock worth $923,000 after purchasing an additional 278 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Ally Financial by 1.9% in the third quarter. CIBC Asset Management Inc now owns 15,638 shares of the financial services provider’s stock worth $557,000 after purchasing an additional 293 shares during the last quarter. Blue Trust Inc. lifted its stake in Ally Financial by 8.2% in the third quarter. Blue Trust Inc. now owns 4,660 shares of the financial services provider’s stock worth $166,000 after purchasing an additional 352 shares during the last quarter. Allworth Financial LP lifted its stake 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 purchasing an additional 421 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in Ally Financial by 39.7% in the second quarter. Versant Capital Management Inc now owns 1,630 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 463 shares during the last quarter. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Ally Financial Price Performance

Shares of ALLY opened at $39.43 on Wednesday. The stock has a market cap of $12.01 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 0.45 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 Inc. has a fifty-two week low of $26.50 and a fifty-two week high of $45.46. The firm’s 50-day simple moving average is $35.59 and its two-hundred day simple moving average is $38.64.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data 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 business 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 business’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.83 earnings per share. Analysts anticipate 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. Stockholders of record on Friday, November 1st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend was Friday, November 1st. Ally Financial’s payout ratio is 48.00%.

Analyst Ratings Changes

Several brokerages have recently commented on ALLY. BTIG Research downgraded shares of Ally Financial from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. TD Cowen lowered their price objective on shares of Ally Financial from $45.00 to $37.00 and set a “hold” rating for the company in a research note on Monday, September 23rd. Citigroup upped their price objective on shares of Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, November 15th. StockNews.com raised shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. Finally, Bank of America lowered their price objective on shares of Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.