Ally Financial Inc. (NYSE:ALLY) Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP lowered its position in shares of Ally Financial Inc. (NYSE:ALLY) by 15.5% in the third quarter, HoldingsChannel.com reports. The fund owned 32,095 shares of the financial services provider’s stock after selling 5,892 shares during the quarter. Quantinno Capital Management LP’s holdings in Ally Financial were worth $1,142,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of ALLY. Jacobs Levy Equity Management Inc. grew its position in Ally Financial by 217.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider’s stock worth $81,260,000 after purchasing an additional 1,563,008 shares during the period. Wedge Capital Management L L P NC boosted its position in 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 in the last quarter. Dimensional Fund Advisors LP increased its holdings in Ally Financial by 11.3% in 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 acquiring an additional 987,489 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in 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 valued at $25,940,000 after buying an additional 695,555 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of Ally Financial in the third quarter valued at approximately $21,571,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Performance

NYSE ALLY opened at $37.52 on Friday. The company has a fifty day moving average of $36.54 and a two-hundred day moving average of $38.59. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.92 and a quick ratio of 0.92. Ally Financial Inc. has a 1 year low of $30.10 and a 1 year high of $45.46. The company has a market capitalization of $11.43 billion, a PE ratio of 15.01, a P/E/G ratio of 0.46 and a beta of 1.42.

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

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Friday, November 1st. Ally Financial’s dividend payout ratio (DPR) is presently 48.00%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Ally Financial in a research note on Monday, October 21st. StockNews.com raised Ally Financial from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. Evercore ISI reduced 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 research note on Monday, October 7th. Barclays lowered their price target on Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a research report on Thursday, September 12th. Finally, Wolfe Research downgraded shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $41.73.

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.