Ally Financial Inc. (NYSE:ALLY) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its position in shares of Ally Financial Inc. (NYSE:ALLY) by 28.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 520,957 shares of the financial services provider’s stock after selling 205,761 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Ally Financial were worth $18,541,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Boston Partners acquired a new stake in shares of Ally Financial during the first quarter worth about $152,079,000. Wedge Capital Management L L P NC lifted its holdings in shares of Ally Financial by 584.7% during the third quarter. Wedge Capital Management L L P NC now owns 1,395,308 shares of the financial services provider’s stock worth $49,659,000 after purchasing an additional 1,191,529 shares during the period. Delta Global Management LP increased its stake in Ally Financial by 3,262.3% in the 1st quarter. Delta Global Management LP now owns 1,035,994 shares of the financial services provider’s stock valued at $42,051,000 after buying an additional 1,005,182 shares during the period. Dimensional Fund Advisors LP raised its position in Ally Financial by 11.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider’s stock worth $384,715,000 after buying an additional 987,489 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Ally Financial by 2,088.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 728,864 shares of the financial services provider’s stock worth $25,940,000 after acquiring an additional 695,555 shares during the period. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Stock Down 1.2 %

Shares of NYSE ALLY opened at $37.56 on Monday. Ally Financial Inc. has a 1 year low of $25.16 and a 1 year high of $45.46. The firm’s 50 day moving average price is $35.62 and its 200 day moving average price is $38.84. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $11.45 billion, a P/E ratio of 15.02, a price-to-earnings-growth ratio of 0.45 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last released its earnings results on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.57 by $0.38. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the firm posted $0.83 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ally Financial Inc. will post 3 earnings per share for the current year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, November 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.19%. Ally Financial’s payout ratio is currently 48.00%.

Analyst Ratings Changes

ALLY has been the topic of several recent analyst reports. Bank of America dropped their target price on Ally Financial from $46.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Raymond James raised Ally Financial from an “underperform” rating to a “market perform” rating in a report on Monday, October 21st. Keefe, Bruyette & Woods reduced their target price on Ally Financial from $50.00 to $44.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Barclays decreased their target price on shares of Ally Financial from $44.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 12th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $40.00 price objective on shares of Ally Financial in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $40.38.

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.