Ally Financial Inc. (NYSE:ALLY) Shares Sold by DGS Capital Management LLC

DGS Capital Management LLC lessened its position in shares of Ally Financial Inc. (NYSE:ALLY) by 23.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,014 shares of the financial services provider’s stock after selling 1,835 shares during the quarter. DGS Capital Management LLC’s holdings in Ally Financial were worth $217,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of Ally Financial by 0.5% in the third quarter. State Street Corp now owns 10,704,719 shares of the financial services provider’s stock valued at $380,981,000 after purchasing an additional 51,426 shares during the period. Assenagon Asset Management S.A. increased its stake in Ally Financial by 233.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider’s stock worth $87,509,000 after buying an additional 1,701,264 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Ally Financial by 217.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider’s stock valued at $81,260,000 after acquiring an additional 1,563,008 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Ally Financial by 19.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,106,589 shares of the financial services provider’s stock valued at $74,974,000 after acquiring an additional 344,543 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Ally Financial by 4.7% in the third quarter. Jennison Associates LLC now owns 1,672,812 shares of the financial services provider’s stock worth $59,535,000 after acquiring an additional 75,080 shares during the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Down 2.7 %

Shares of NYSE:ALLY opened at $39.03 on Monday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.92. The firm has a market capitalization of $11.89 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 0.42 and a beta of 1.44. The firm’s 50-day moving average is $37.06 and its two-hundred day moving average is $37.92. Ally Financial Inc. has a 1 year low of $31.95 and a 1 year high of $45.46.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2,021,808.41 billion. During the same quarter last year, the company posted $0.45 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. Analysts predict that Ally Financial Inc. will post 3.91 EPS for the current year.

Ally Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.20 annualized dividend and a yield of 3.07%. Ally Financial’s payout ratio is 46.15%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ALLY. Barclays raised their price objective on Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Royal Bank of Canada upped their price objective on shares of Ally Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday. Evercore ISI decreased their target price 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. Citigroup boosted their price objective on Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Keefe, Bruyette & Woods lifted their price target on Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ally Financial has a consensus rating of “Hold” and an average target price of $43.47.

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.