Brown Advisory Inc. cut its holdings in Ally Financial Inc (NYSE:ALLY) by 22.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,139 shares of the financial services provider’s stock after selling 2,699 shares during the period. Brown Advisory Inc.’s holdings in Ally Financial were worth $222,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ALLY. Wetherby Asset Management Inc. increased its stake in shares of Ally Financial by 0.5% in the second quarter. Wetherby Asset Management Inc. now owns 12,247 shares of the financial services provider’s stock worth $256,000 after purchasing an additional 56 shares in the last quarter. QS Investors LLC increased its stake in shares of Ally Financial by 0.7% in the second quarter. QS Investors LLC now owns 10,946 shares of the financial services provider’s stock worth $229,000 after purchasing an additional 74 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Ally Financial by 0.4% in the second quarter. Advisors Asset Management Inc. now owns 28,029 shares of the financial services provider’s stock worth $586,000 after purchasing an additional 107 shares in the last quarter. Cadence Capital Management LLC increased its stake in shares of Ally Financial by 0.8% in the second quarter. Cadence Capital Management LLC now owns 14,986 shares of the financial services provider’s stock worth $313,000 after purchasing an additional 126 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Ally Financial by 8.3% in the second quarter. Pacer Advisors Inc. now owns 11,614 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 886 shares in the last quarter.

ALLY has been the subject of a number of analyst reports. BMO Capital Markets reissued a “buy” rating and issued a $26.00 price objective on shares of Ally Financial in a research note on Friday, August 25th. Morgan Stanley reissued an “equal weight” rating and issued a $28.00 price objective (up from $26.00) on shares of Ally Financial in a research note on Thursday, November 30th. Piper Jaffray Companies reissued a “buy” rating on shares of Ally Financial in a research note on Friday, September 1st. Credit Suisse Group reissued a “buy” rating and issued a $28.00 price objective on shares of Ally Financial in a research note on Wednesday, October 4th. Finally, Zacks Investment Research raised shares of Ally Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $28.00.

Ally Financial Inc (NYSE:ALLY) opened at $29.16 on Wednesday. The firm has a market cap of $12,721.69, a price-to-earnings ratio of 12.79, a P/E/G ratio of 2.53 and a beta of 1.46. Ally Financial Inc has a 52 week low of $18.11 and a 52 week high of $29.32. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.21 and a current ratio of 1.21.

Ally Financial (NYSE:ALLY) last posted its earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.08. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Ally Financial had a net margin of 14.75% and a return on equity of 7.72%. During the same period last year, the company posted $0.56 earnings per share. equities analysts predict that Ally Financial Inc will post 2.27 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.48 annualized dividend and a yield of 1.65%. Ally Financial’s payout ratio is 22.22%.

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About Ally Financial

Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.

Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

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