Ally Financial Inc. (NYSE:ALLY) Short Interest Update

Ally Financial Inc. (NYSE:ALLY - Get Free Report) was the recipient of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 8,260,000 shares, a decline of 9.1% from the November 15th total of 9,090,000 shares. Currently, 2.7% of the company's shares are sold short. Based on an average trading volume of 4,040,000 shares, the short-interest ratio is presently 2.0 days.

Analyst Ratings Changes

ALLY has been the subject of several research analyst reports. Wolfe Research lowered shares of Ally Financial from an "outperform" rating to a "peer perform" rating in a report on Thursday, December 5th. JPMorgan Chase & Co. boosted their price target on shares of Ally Financial from $40.00 to $42.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Wells Fargo & Company decreased their price target on shares of Ally Financial from $37.00 to $32.00 and set an "underweight" rating for the company in a report on Thursday, September 26th. Citigroup boosted their price target on shares of Ally Financial from $50.00 to $55.00 and gave the company a "buy" rating in a report on Friday, November 15th. Finally, Evercore ISI cut their price objective on shares of 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. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $41.73.

Ally Financial Stock Performance

Shares of ALLY stock traded up $0.16 on Friday, reaching $37.68. The stock had a trading volume of 2,415,159 shares, compared to its average volume of 3,461,070. Ally Financial has a 12 month low of $31.77 and a 12 month high of $45.46. The firm has a market capitalization of $11.48 billion, a price-to-earnings ratio of 15.07, a P/E/G ratio of 0.46 and a beta of 1.42. The firm's 50-day moving average is $36.65 and its two-hundred day moving average is $38.58. 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 (NYSE:ALLY - Get Free Report) last announced its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $2.03 billion. During the same quarter in the prior year, the business earned $0.83 EPS. Ally Financial's quarterly revenue was up 6.9% on a year-over-year basis. On average, research analysts expect that Ally Financial will post 3 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given 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 dividend yield of 3.18%. Ally Financial's payout ratio is presently 48.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp grew its position in shares of Ally Financial by 0.5% during the 3rd quarter. State Street Corp now owns 10,704,719 shares of the financial services provider's stock worth $380,981,000 after purchasing an additional 51,426 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of 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 acquiring an additional 987,489 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Ally Financial by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,697,251 shares of the financial services provider's stock worth $146,670,000 after acquiring an additional 31,491 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Ally Financial by 217.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider's stock worth $81,260,000 after acquiring an additional 1,563,008 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Ally Financial by 19.6% during 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 worth $74,974,000 after acquiring an additional 344,543 shares during the period. Institutional investors and hedge funds own 88.76% of the company's stock.

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.

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