Ally Financial Inc. (NYSE:ALLY) Shares Sold by LSV Asset Management

LSV Asset Management lowered its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 14.4% in the fourth quarter, HoldingsChannel reports. The firm owned 2,854,285 shares of the financial services provider’s stock after selling 481,386 shares during the quarter. LSV Asset Management’s holdings in Ally Financial were worth $99,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Ally Financial by 15.7% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 111,583 shares of the financial services provider’s stock valued at $2,977,000 after acquiring an additional 15,100 shares during the period. Xponance Inc. increased its stake in Ally Financial by 238.7% during the 3rd quarter. Xponance Inc. now owns 32,894 shares of the financial services provider’s stock valued at $878,000 after buying an additional 23,182 shares during the period. Bank of New York Mellon Corp raised its position in shares of Ally Financial by 47.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,620,655 shares of the financial services provider’s stock worth $96,599,000 after buying an additional 1,165,220 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its stake in shares of Ally Financial by 6.9% in the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 41,154 shares of the financial services provider’s stock worth $1,098,000 after acquiring an additional 2,667 shares during the period. Finally, New York State Teachers Retirement System bought a new position in shares of Ally Financial in the third quarter valued at approximately $2,490,000. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Trading Up 1.5 %

Shares of ALLY traded up $0.57 during trading hours on Friday, reaching $39.37. The stock had a trading volume of 2,608,034 shares, compared to its average volume of 3,763,613. The firm has a 50-day moving average of $38.23 and a 200 day moving average of $33.79. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.50. The company has a market cap of $11.97 billion, a P/E ratio of 16.07, a P/E/G ratio of 0.56 and a beta of 1.39. Ally Financial Inc. has a 52 week low of $22.54 and a 52 week high of $41.56.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.12. Ally Financial had a return on equity of 8.35% and a net margin of 10.59%. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the firm posted $0.82 earnings per share. Ally Financial’s revenue was down 5.4% compared to the same quarter last year. On average, sell-side analysts expect that Ally Financial Inc. will post 2.99 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Tuesday, April 30th. Ally Financial’s dividend payout ratio (DPR) is presently 48.98%.

Wall Street Analyst Weigh In

ALLY has been the subject of a number of research reports. JPMorgan Chase & Co. lowered Ally Financial from a “neutral” rating to an “underweight” rating and increased their price target for the company from $37.00 to $39.00 in a research note on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on Ally Financial in a report on Wednesday, January 10th. They set a “buy” rating and a $47.00 price objective on the stock. Wells Fargo & Company lifted their price target on Ally Financial from $29.00 to $33.00 and gave the company an “underweight” rating in a report on Wednesday, April 10th. TD Cowen upped their price target on shares of Ally Financial from $42.00 to $43.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Finally, StockNews.com upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $38.47.

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.