Crossmark Global Holdings Inc. Sells 39,355 Shares of Ally Financial Inc. (NYSE:ALLY)

Crossmark Global Holdings Inc. reduced its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 69.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,326 shares of the financial services provider's stock after selling 39,355 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Ally Financial were worth $623,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. State Street Corp increased its position in Ally Financial by 0.5% in the 3rd quarter. State Street Corp now owns 10,704,719 shares of the financial services provider's stock valued at $380,981,000 after acquiring an additional 51,426 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Ally Financial by 233.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider's stock worth $87,509,000 after acquiring an additional 1,701,264 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in Ally Financial by 217.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider's stock valued at $81,260,000 after purchasing an additional 1,563,008 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Ally Financial by 19.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,106,589 shares of the financial services provider's stock valued at $74,974,000 after buying an additional 344,543 shares during the period. Finally, Jennison Associates LLC boosted its stake in shares of Ally Financial by 4.7% in the third quarter. Jennison Associates LLC now owns 1,672,812 shares of the financial services provider's stock valued at $59,535,000 after buying an additional 75,080 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company's stock.

Ally Financial Stock Down 2.7 %

Ally Financial stock traded down $1.07 during mid-day trading on Friday, hitting $39.03. 6,020,764 shares of the company's stock were exchanged, compared to its average volume of 2,906,373. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 1.51. The stock has a market cap of $11.89 billion, a P/E ratio of 15.01, a P/E/G ratio of 0.42 and a beta of 1.44. The stock has a 50 day moving average of $37.06 and a two-hundred day moving average of $37.92. Ally Financial Inc. has a 1-year low of $31.95 and a 1-year high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2,021,808.41 billion. During the same period in the previous year, the business posted $0.45 EPS. The company's revenue for the quarter was up 3.6% on a year-over-year basis. As a group, analysts anticipate that Ally Financial Inc. will post 3.91 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a dividend of $0.30 per share. The ex-dividend date is Friday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.07%. Ally Financial's dividend payout ratio (DPR) is currently 46.15%.

Analysts Set New Price Targets

Several brokerages recently commented on ALLY. Keefe, Bruyette & Woods raised their price objective on shares of Ally Financial from $44.00 to $56.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Citigroup upped their target price on Ally Financial from $50.00 to $55.00 and gave the company a "buy" rating in a report on Friday, November 15th. The Goldman Sachs Group lifted their target price on shares of Ally Financial from $42.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. upped their price objective on Ally Financial from $40.00 to $43.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, Royal Bank of Canada upped their target price on Ally Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, Ally Financial has a consensus rating of "Hold" and an average target price of $43.47.

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.