Ally Financial Inc. (NYSE:ALLY) Stock Position Raised by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Ally Financial Inc. (NYSE:ALLY) by 19.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,106,589 shares of the financial services provider’s stock after acquiring an additional 344,543 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Ally Financial were worth $74,974,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its stake in Ally Financial by 510.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 526 shares in the last quarter. Venturi Wealth Management LLC grew its stake 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 valued at $34,000 after purchasing an additional 577 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Ally Financial in the 2nd quarter worth about $41,000. Hobbs Group Advisors LLC purchased a new stake in shares of Ally Financial during the 2nd quarter worth about $52,000. Finally, First Community Trust NA acquired a new stake in shares of Ally Financial during the 2nd quarter valued at about $53,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on ALLY. StockNews.com upgraded Ally Financial from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. Barclays cut their price target on shares of Ally Financial from $44.00 to $36.00 and set an “equal weight” rating on the stock in a report on Thursday, September 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $40.00 price objective on shares of Ally Financial in a report on Monday, October 21st. JPMorgan Chase & Co. upgraded Ally Financial from a “neutral” rating to an “overweight” rating and cut their target price for the company from $46.00 to $40.00 in a report on Monday, October 7th. Finally, Keefe, Bruyette & Woods decreased their price target on Ally Financial from $50.00 to $44.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Ally Financial currently has a consensus rating of “Hold” and a consensus target price of $40.80.

Ally Financial Price Performance

Shares of ALLY stock opened at $39.21 on Tuesday. The company has a market capitalization of $11.95 billion, a P/E ratio of 15.68, a P/E/G ratio of 0.47 and a beta of 1.40. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. Ally Financial Inc. has a 12 month low of $29.05 and a 12 month high of $45.46. The stock has a 50 day moving average of $36.00 and a two-hundred day moving average of $38.61.

Ally Financial (NYSE:ALLY) last posted 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. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the company earned $0.83 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. As a group, equities analysts expect that Ally Financial Inc. will post 3 EPS for the current year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 yield of 3.06%. The ex-dividend date of this dividend was Friday, November 1st. Ally Financial’s dividend payout ratio is 48.00%.

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.