Aigen Investment Management LP Raises Stake in Ally Financial Inc. (NYSE:ALLY)

Aigen Investment Management LP increased its stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 124.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,268 shares of the financial services provider's stock after buying an additional 17,911 shares during the period. Aigen Investment Management LP's holdings in Ally Financial were worth $1,148,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ALLY. Rakuten Securities Inc. increased its stake in shares of Ally Financial by 65,375.0% in the third quarter. Rakuten Securities Inc. now owns 2,619 shares of the financial services provider's stock worth $93,000 after purchasing an additional 2,615 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Ally Financial by 9.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 632,171 shares of the financial services provider's stock valued at $22,499,000 after buying an additional 53,727 shares during the period. Versor Investments LP bought a new position in Ally Financial in the 3rd quarter worth $1,199,000. Venturi Wealth Management LLC raised its holdings in Ally Financial by 153.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider's stock worth $34,000 after purchasing an additional 577 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in shares of Ally Financial by 220.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 56,681 shares of the financial services provider's stock worth $2,018,000 after acquiring an additional 39,000 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company's stock.

Ally Financial Trading Down 0.2 %

NYSE ALLY traded down $0.08 on Wednesday, hitting $36.58. 2,181,833 shares of the stock were exchanged, compared to its average volume of 3,483,340. The firm has a market capitalization of $11.15 billion, a P/E ratio of 14.72, a P/E/G ratio of 0.44 and a beta of 1.40. Ally Financial Inc. has a 52-week low of $26.43 and a 52-week high of $45.46. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a fifty day moving average price of $35.40 and a two-hundred day moving average price of $38.80.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.38. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The firm's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 earnings per share. Research analysts forecast that Ally Financial Inc. will post 3 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.30 dividend. The ex-dividend date is Friday, November 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.28%. Ally Financial's dividend payout ratio is presently 48.00%.

Analyst Ratings Changes

Several analysts recently commented on ALLY shares. Keefe, Bruyette & Woods cut their price objective on shares of Ally Financial from $50.00 to $44.00 and set an "outperform" rating on the stock in a research report on Monday, September 16th. Bank of America dropped their price objective on shares of Ally Financial from $46.00 to $37.00 and set a "buy" rating on the stock in a report on Wednesday, September 11th. TD Cowen dropped their price objective on shares of Ally Financial from $45.00 to $37.00 and set a "hold" rating on the stock in a report on Monday, September 23rd. Morgan Stanley decreased their target price on shares of Ally Financial from $45.00 to $41.00 and set an "overweight" rating on the stock in a research note on Monday, October 21st. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $40.00 price objective on shares of Ally Financial in a research report on Monday, October 21st. One 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $40.38.

Ally Financial 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.