Los Angeles Capital Management LLC Sells 205,761 Shares of Ally Financial Inc. (NYSE:ALLY)

Los Angeles Capital Management LLC reduced its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 28.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 520,957 shares of the financial services provider's stock after selling 205,761 shares during the period. Los Angeles Capital Management LLC owned 0.17% of Ally Financial worth $18,541,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Boston Partners bought a new stake in Ally Financial in the first quarter valued at $152,079,000. Wedge Capital Management L L P NC grew its stake in shares of Ally Financial by 584.7% in the 3rd quarter. Wedge Capital Management L L P NC now owns 1,395,308 shares of the financial services provider's stock valued at $49,659,000 after buying an additional 1,191,529 shares during the period. Delta Global Management LP increased its position in Ally Financial by 3,262.3% in the 1st quarter. Delta Global Management LP now owns 1,035,994 shares of the financial services provider's stock valued at $42,051,000 after buying an additional 1,005,182 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Ally Financial by 11.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider's stock worth $384,715,000 after buying an additional 987,489 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in Ally Financial by 2,088.2% in the third quarter. Assenagon Asset Management S.A. now owns 728,864 shares of the financial services provider's stock worth $25,940,000 after acquiring an additional 695,555 shares in the last quarter. 88.76% of the stock is owned by institutional investors.

Ally Financial Price Performance

NYSE:ALLY traded down $0.02 during trading hours on Monday, hitting $37.54. 2,431,676 shares of the company's stock traded hands, compared to its average volume of 4,001,729. The business's fifty day simple moving average is $35.62 and its two-hundred day simple moving average is $38.83. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.36. The firm has a market cap of $11.44 billion, a P/E ratio of 15.02, a P/E/G ratio of 0.45 and a beta of 1.40. Ally Financial Inc. has a 52 week low of $25.23 and a 52 week high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. Ally Financial's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $0.83 EPS. On average, research analysts anticipate that Ally Financial Inc. will post 3 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.30 dividend. The ex-dividend date is Friday, November 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.20%. Ally Financial's dividend payout ratio (DPR) is 48.00%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Evercore ISI lowered their target price on 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. Morgan Stanley dropped their price objective 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. Royal Bank of Canada restated an "outperform" rating and issued a $40.00 target price on shares of Ally Financial in a report on Monday, October 21st. Bank of America cut their price target 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. Finally, JPMorgan Chase & Co. upgraded Ally Financial from a "neutral" rating to an "overweight" rating and cut their target price for the stock from $46.00 to $40.00 in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $40.38.

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.