UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 19.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,106,589 shares of the financial services provider's stock after acquiring an additional 344,543 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.69% of Ally Financial worth $74,974,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of Ally Financial in the first quarter worth about $222,000. GAMMA Investing LLC increased its holdings in shares of Ally Financial by 42.1% during the second quarter. GAMMA Investing LLC now owns 3,070 shares of the financial services provider's stock worth $122,000 after buying an additional 909 shares in the last quarter. DNB Asset Management AS boosted its holdings in shares of Ally Financial by 22.7% during the 2nd quarter. DNB Asset Management AS now owns 46,707 shares of the financial services provider's stock valued at $1,853,000 after acquiring an additional 8,653 shares in the last quarter. Fulton Bank N.A. bought a new stake in Ally Financial during the 2nd quarter worth $689,000. Finally, CWM LLC raised its position in Ally Financial by 10.3% in the second quarter. CWM LLC now owns 8,395 shares of the financial services provider's stock valued at $333,000 after purchasing an additional 782 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. TD Cowen lowered their price objective on Ally Financial from $45.00 to $37.00 and set a "hold" rating for the company in a research note on Monday, September 23rd. Citigroup upped their price target on shares of Ally Financial from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Friday, November 15th. 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 note on Wednesday, September 11th. Raymond James upgraded shares of Ally Financial from an "underperform" rating to a "market perform" rating in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. upgraded shares of Ally Financial from a "neutral" rating to an "overweight" rating and dropped their price objective for the company from $46.00 to $40.00 in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, Ally Financial has an average rating of "Hold" and an average target price of $40.80.

Ally Financial Stock Performance

Shares of ALLY stock traded down $0.07 during trading on Tuesday, hitting $39.13. The company's stock had a trading volume of 2,353,694 shares, compared to its average volume of 3,090,513. The business has a fifty day moving average of $36.00 and a 200-day moving average of $38.61. The company has a market cap of $11.92 billion, a PE ratio of 15.65, a P/E/G ratio of 0.47 and a beta of 1.42. Ally Financial Inc. has a 52 week low of $29.05 and a 52 week 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.

Ally Financial (NYSE:ALLY - Get Free Report) last released its earnings results on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, topping 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 company had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.03 billion. During the same period in the previous year, the business posted $0.83 EPS. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, research analysts anticipate that Ally Financial Inc. will post 3 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Friday, November 1st. Ally Financial's dividend payout ratio (DPR) is currently 48.00%.

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.