California Public Employees Retirement System reduced its stake in shares of Ally Financial Inc (NYSE:ALLY) by 2.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,519,523 shares of the financial services provider’s stock after selling 34,405 shares during the period. California Public Employees Retirement System’s holdings in Ally Financial were worth $44,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. QS Investors LLC grew 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. Toronto Dominion Bank grew its stake in shares of Ally Financial by 23.0% in the second quarter. Toronto Dominion Bank now owns 5,714 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 1,070 shares in the last quarter. Advantage Investment Management LLC grew its stake in shares of Ally Financial by 11.5% in the third quarter. Advantage Investment Management LLC now owns 19,180 shares of the financial services provider’s stock worth $465,000 after purchasing an additional 1,975 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of Ally Financial by 14.6% in the third quarter. Sterling Capital Management LLC now owns 18,000 shares of the financial services provider’s stock worth $437,000 after purchasing an additional 2,300 shares in the last quarter. Finally, Graybill Bartz & Assoc Ltd. grew its stake in shares of Ally Financial by 1.5% in the fourth quarter. Graybill Bartz & Assoc Ltd. now owns 168,044 shares of the financial services provider’s stock worth $4,900,000 after purchasing an additional 2,550 shares in the last quarter.

Several research analysts have recently issued reports on the company. Morgan Stanley increased their price target on Ally Financial from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, October 26th. BMO Capital Markets increased their price target on Ally Financial from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, October 26th. Piper Jaffray Companies reissued a “buy” rating and issued a $36.00 price target on shares of Ally Financial in a research note on Tuesday, January 30th. Oppenheimer assumed coverage on Ally Financial in a research note on Monday, January 8th. They issued a “buy” rating and a $38.00 price target for the company. Finally, Jefferies Group reissued a “buy” rating and issued a $35.00 price target on shares of Ally Financial in a research note on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $32.56.

Shares of Ally Financial Inc (NYSE:ALLY) opened at $28.49 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 3.32. The firm has a market capitalization of $12,373.00, a price-to-earnings ratio of 11.75, a PEG ratio of 0.74 and a beta of 1.39. Ally Financial Inc has a twelve month low of $18.11 and a twelve month high of $31.29.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.11. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.43 billion. Ally Financial had a return on equity of 8.10% and a net margin of 13.73%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 earnings per share. analysts forecast that Ally Financial Inc will post 3.02 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be issued a $0.13 dividend. This is a positive change from Ally Financial’s previous quarterly dividend of $0.12. The ex-dividend date is Wednesday, January 31st. This represents a $0.52 annualized dividend and a dividend yield of 1.83%. Ally Financial’s dividend payout ratio is 25.37%.

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Ally Financial Profile

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.

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

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