Dimensional Fund Advisors LP Lowers Stake in Ally Financial Inc. (NYSE:ALLY)

Dimensional Fund Advisors LP reduced its holdings in Ally Financial Inc. (NYSE:ALLYFree Report) by 9.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,886,692 shares of the financial services provider’s stock after selling 693,833 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Ally Financial were worth $240,488,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Donald Smith & CO. Inc. grew its position in Ally Financial by 22.0% during the fourth quarter. Donald Smith & CO. Inc. now owns 2,752,830 shares of the financial services provider’s stock valued at $96,129,000 after acquiring an additional 495,584 shares during the period. Northern Trust Corp lifted its stake in shares of Ally Financial by 34.2% in the 3rd quarter. Northern Trust Corp now owns 3,122,515 shares of the financial services provider’s stock valued at $83,309,000 after purchasing an additional 795,754 shares in the last quarter. Versor Investments LP purchased a new stake in shares of Ally Financial during the 4th quarter worth about $849,000. Los Angeles Capital Management LLC acquired a new stake in Ally Financial during the 4th quarter worth approximately $2,019,000. Finally, Sherbrooke Park Advisers LLC purchased a new position in Ally Financial in the third quarter valued at approximately $724,000. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALLY has been the subject of several recent research reports. StockNews.com raised shares of Ally Financial from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Morgan Stanley upgraded Ally Financial from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $37.00 to $47.00 in a research note on Thursday, February 8th. TD Cowen boosted their price target on Ally Financial from $42.00 to $43.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Compass Point increased their price objective on shares of Ally Financial from $28.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $40.00 target price on shares of Ally Financial in a research report on Monday, January 22nd. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Ally Financial currently has an average rating of “Hold” and a consensus price target of $38.47.

Check Out Our Latest Stock Analysis on Ally Financial

Ally Financial Stock Up 0.6 %

NYSE:ALLY opened at $39.65 on Tuesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $12.05 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 0.48 and a beta of 1.39. Ally Financial Inc. has a one year low of $22.54 and a one year high of $41.56. The stock has a 50-day simple moving average of $38.59 and a 200 day simple moving average of $34.57.

Ally Financial (NYSE:ALLYGet Free Report) last issued its earnings results on Thursday, April 18th. The financial services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.33 by $0.12. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. Ally Financial had a return on equity of 8.35% and a net margin of 10.59%. The business’s revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 EPS. Sell-side analysts predict that Ally Financial Inc. will post 3 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.20 annualized dividend and a yield of 3.03%. Ally Financial’s payout ratio is 48.98%.

Ally Financial Profile

(Free Report)

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.

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

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