Y Intercept Hong Kong Ltd Sells 20,602 Shares of Ally Financial Inc. (NYSE:ALLY)

Y Intercept Hong Kong Ltd cut its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 45.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,171 shares of the financial services provider's stock after selling 20,602 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Ally Financial were worth $896,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ALLY. CWM LLC grew its stake in shares of Ally Financial by 10.3% during the second quarter. CWM LLC now owns 8,395 shares of the financial services provider's stock valued at $333,000 after buying an additional 782 shares during the last quarter. Blue Trust Inc. lifted its position in Ally Financial by 10.2% in the second quarter. Blue Trust Inc. now owns 4,308 shares of the financial services provider's stock valued at $175,000 after purchasing an additional 400 shares during the last quarter. Sara Bay Financial boosted its position in Ally Financial by 30.3% during the 2nd quarter. Sara Bay Financial now owns 24,176 shares of the financial services provider's stock valued at $959,000 after buying an additional 5,615 shares during the period. Neo Ivy Capital Management bought a new stake in shares of Ally Financial in the second quarter worth about $285,000. Finally, Hobbs Group Advisors LLC bought a new position in shares of Ally Financial during the second quarter valued at approximately $52,000. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Stock Up 0.4 %

Shares of Ally Financial stock traded up $0.16 on Friday, reaching $37.68. The company's stock had a trading volume of 2,237,143 shares, compared to its average volume of 3,461,070. The company has a market capitalization of $11.48 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 0.46 and a beta of 1.42. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.36. Ally Financial Inc. has a 52 week low of $31.77 and a 52 week high of $45.46. The firm's fifty day simple moving average is $36.60 and its two-hundred day simple moving average is $38.58.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.38. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The business had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter in the prior year, the business earned $0.83 EPS. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts anticipate that Ally Financial Inc. will post 3 earnings per share for the current year.

Ally Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.30 per share. The ex-dividend date was Friday, November 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.18%. Ally Financial's dividend payout ratio is presently 48.00%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ALLY shares. Morgan Stanley reduced their price target on shares of Ally Financial from $45.00 to $41.00 and set an "overweight" rating on the stock in a research report on Monday, October 21st. Wells Fargo & Company decreased their target price on Ally Financial from $37.00 to $32.00 and set an "underweight" rating for the company in a research report on Thursday, September 26th. Raymond James upgraded Ally Financial from an "underperform" rating to a "market perform" rating in a research report on Monday, October 21st. Bank of America decreased their price objective on Ally Financial from $46.00 to $37.00 and set a "buy" rating for the company in a report on Wednesday, September 11th. Finally, StockNews.com upgraded shares of Ally Financial from a "sell" rating to a "hold" rating in a report on Saturday, October 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight 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 a consensus target price of $41.73.

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.