Banque Cantonale Vaudoise Buys 17,085 Shares of Ally Financial Inc. (NYSE:ALLY)

Banque Cantonale Vaudoise boosted its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 86.8% during the third quarter, Holdings Channel.com reports. The fund owned 36,772 shares of the financial services provider’s stock after acquiring an additional 17,085 shares during the period. Banque Cantonale Vaudoise’s holdings in Ally Financial were worth $1,309,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Pathstone Holdings LLC increased its stake in shares of Ally Financial by 127.0% in the 3rd quarter. Pathstone Holdings LLC now owns 59,741 shares of the financial services provider’s stock valued at $2,126,000 after purchasing an additional 33,420 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of Ally Financial by 211.7% during the 3rd quarter. Natixis Advisors LLC now owns 98,634 shares of the financial services provider’s stock worth $3,511,000 after buying an additional 66,993 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Ally Financial during the 3rd quarter worth $4,150,000. CIBC Asset Management Inc raised its holdings in shares of Ally Financial by 1.9% during the 3rd 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 in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Ally Financial by 50.1% during the 3rd quarter. Victory Capital Management Inc. now owns 594,114 shares of the financial services provider’s stock worth $21,145,000 after buying an additional 198,282 shares in the last quarter. Institutional investors own 88.76% of the company’s stock.

Ally Financial Trading Down 0.1 %

Shares of ALLY stock opened at $35.53 on Thursday. The stock has a market cap of $10.83 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 0.43 and a beta of 1.40. The stock has a 50-day moving average of $35.12 and a 200-day moving average of $38.70. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. Ally Financial Inc. has a 1-year low of $26.50 and a 1-year high of $45.46.

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

Ally Financial Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ALLY shares. TD Cowen lowered their price target on Ally Financial from $45.00 to $37.00 and set a “hold” rating for the company in a report on Monday, September 23rd. Evercore ISI lowered their price target on Ally Financial from $47.00 to $38.00 and set an “in-line” rating for the company in a report on Monday, October 7th. BTIG Research cut Ally Financial from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. Wells Fargo & Company lowered their target price on Ally Financial from $37.00 to $32.00 and set an “underweight” rating for the company in a report on Thursday, September 26th. Finally, Barclays lowered their target price on Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to 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.