AustralianSuper Pty Ltd Reduces Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

AustralianSuper Pty Ltd lessened its holdings in Ally Financial Inc. (NYSE:ALLY) by 0.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,854,629 shares of the financial services provider’s stock after selling 9,426 shares during the period. AustralianSuper Pty Ltd owned about 0.94% of Ally Financial worth $101,596,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE increased its stake in shares of Ally Financial by 4.2% in the 3rd quarter. US Bancorp DE now owns 14,516 shares of the financial services provider’s stock worth $517,000 after purchasing an additional 590 shares in the last quarter. New York State Teachers Retirement System increased its position in Ally Financial by 0.8% in the third quarter. New York State Teachers Retirement System now owns 108,157 shares of the financial services provider’s stock worth $3,849,000 after buying an additional 846 shares in the last quarter. Smith Group Asset Management LLC bought a new position in shares of Ally Financial in the third quarter worth about $390,000. Asahi Life Asset Management CO. LTD. lifted its position in shares of Ally Financial by 26.7% during the 3rd quarter. Asahi Life Asset Management CO. LTD. now owns 9,920 shares of the financial services provider’s stock valued at $353,000 after buying an additional 2,090 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in Ally Financial by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 31,910 shares of the financial services provider’s stock worth $1,135,000 after acquiring an additional 2,160 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Trading Down 2.6 %

Shares of NYSE:ALLY traded down $0.93 during trading on Thursday, hitting $35.17. The company had a trading volume of 402,929 shares, compared to its average volume of 3,495,136. The stock has a market cap of $10.69 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 0.42 and a beta of 1.39. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.92 and a quick ratio of 0.91. The company has a fifty day simple moving average of $36.55 and a two-hundred day simple moving average of $38.93. Ally Financial Inc. has a one year low of $23.52 and a one year high of $45.46.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.57 by $0.38. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the previous year, the firm earned $0.83 earnings per share. Ally Financial’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, equities analysts forecast that Ally Financial Inc. will post 2.87 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.41%. The ex-dividend date is Friday, November 1st. Ally Financial’s payout ratio is currently 48.98%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ALLY shares. Evercore ISI lowered their price target on shares of Ally Financial from $47.00 to $38.00 and set an “in-line” rating on the stock in a report on Monday, October 7th. TD Cowen dropped their target price on shares of Ally Financial from $45.00 to $37.00 and set a “hold” rating for the company in a report on Monday, September 23rd. Barclays lowered their price objective on 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. JPMorgan Chase & Co. upgraded Ally Financial from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $46.00 to $40.00 in a research report on Monday, October 7th. Finally, Raymond James raised Ally Financial from an “underperform” rating to a “market perform” rating in a report on Monday, October 21st. 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. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $40.38.

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.