Ally Financial Inc. (NYSE:ALLY) Shares Acquired by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC boosted its position in Ally Financial Inc. (NYSE:ALLY) by 2.8% during the third quarter, Holdings Channel.com reports. The fund owned 1,335,700 shares of the financial services provider’s stock after purchasing an additional 36,556 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Ally Financial were worth $47,538,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ALLY. Fifth Third Bancorp grew its holdings in shares of Ally Financial by 1.2% during the 2nd quarter. Fifth Third Bancorp now owns 23,275 shares of the financial services provider’s stock worth $923,000 after purchasing an additional 278 shares during the period. CIBC Asset Management Inc grew its stake in Ally Financial by 1.9% during the third quarter. CIBC Asset Management Inc now owns 15,638 shares of the financial services provider’s stock worth $557,000 after buying an additional 293 shares during the period. Blue Trust Inc. increased its position in shares of Ally Financial by 8.2% in the third quarter. Blue Trust Inc. now owns 4,660 shares of the financial services provider’s stock worth $166,000 after acquiring an additional 352 shares in the last quarter. Allworth Financial LP raised its stake in shares of Ally Financial by 41.9% in the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 421 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in shares of Ally Financial by 39.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,630 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 463 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Down 0.1 %

Shares of Ally Financial stock opened at $35.53 on Thursday. The business has a 50-day moving average price of $35.17 and a 200 day moving average price of $38.68. Ally Financial Inc. has a fifty-two week low of $26.50 and a fifty-two week high of $45.46. The firm has a market cap of $10.83 billion, a P/E ratio of 14.21, a P/E/G ratio of 0.42 and a beta of 1.40. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.36.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.38. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the business earned $0.83 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts forecast that Ally Financial Inc. will post 3 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.30 per share. The ex-dividend date was Friday, November 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.38%. Ally Financial’s dividend payout ratio (DPR) is 48.00%.

Analyst Ratings Changes

Several research analysts have commented on the company. TD Cowen cut their price objective on Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a research report on Monday, September 23rd. Barclays dropped their target price on Ally Financial from $44.00 to $36.00 and set an “equal weight” rating on the stock in a report on Thursday, September 12th. Keefe, Bruyette & Woods decreased their price target on Ally Financial from $50.00 to $44.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Wells Fargo & Company dropped their price objective on shares of Ally Financial from $37.00 to $32.00 and set an “underweight” rating on the stock in a research note on Thursday, September 26th. Finally, StockNews.com upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. One investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.69.

About Ally Financial

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.