58,700 Shares in Ally Financial Inc. (NYSE:ALLY) Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Ally Financial Inc. (NYSE:ALLY - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 58,700 shares of the financial services provider's stock, valued at approximately $2,089,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its holdings in shares of Ally Financial by 68.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 68,986 shares of the financial services provider's stock worth $2,455,000 after acquiring an additional 28,114 shares during the last quarter. OLD National Bancorp IN grew its holdings in shares of Ally Financial by 3.8% in the second quarter. OLD National Bancorp IN now owns 880,601 shares of the financial services provider's stock valued at $34,933,000 after acquiring an additional 32,478 shares in the last quarter. Fulton Bank N.A. purchased a new stake in shares of Ally Financial during the second quarter valued at approximately $689,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Ally Financial by 58.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 50,466 shares of the financial services provider's stock worth $1,796,000 after purchasing an additional 18,671 shares during the period. Finally, CWA Asset Management Group LLC purchased a new position in shares of Ally Financial in the 3rd quarter worth about $1,338,000. 88.76% of the stock is owned by institutional investors.

Ally Financial Price Performance

Shares of NYSE:ALLY traded down $0.77 during trading on Monday, reaching $39.21. The company had a trading volume of 3,771,043 shares, compared to its average volume of 3,471,338. Ally Financial Inc. has a 12 month low of $29.05 and a 12 month high of $45.46. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $11.95 billion, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 0.47 and a beta of 1.40. The company has a fifty day moving average of $36.00 and a two-hundred day moving average of $38.61.

Ally Financial (NYSE:ALLY - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the business posted $0.83 earnings per share. The company's revenue for the quarter was up 6.9% on a year-over-year basis. 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 declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.30 per share. The ex-dividend date was Friday, November 1st. This represents a $1.20 annualized dividend and a yield of 3.06%. Ally Financial's payout ratio is 48.00%.

Wall Street Analysts Forecast Growth

ALLY has been the topic of several research reports. Evercore ISI lowered their price objective on shares of Ally Financial from $47.00 to $38.00 and set an "in-line" rating on the stock in a research report on Monday, October 7th. Keefe, Bruyette & Woods dropped their price objective on Ally Financial from $50.00 to $44.00 and set an "outperform" rating on the stock in a research note on Monday, September 16th. Bank of America decreased their target price on Ally Financial from $46.00 to $37.00 and set a "buy" rating for the company in a research report on Wednesday, September 11th. Raymond James raised Ally Financial from an "underperform" rating to a "market perform" rating in a research report on Monday, October 21st. Finally, Citigroup boosted their price objective on Ally Financial from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $40.80.

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.