Amalgamated Bank Has $4.68 Million Stock Position in Ally Financial Inc. (NYSE:ALLY)

Amalgamated Bank reduced its stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 23.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 131,348 shares of the financial services provider's stock after selling 40,848 shares during the quarter. Amalgamated Bank's holdings in Ally Financial were worth $4,675,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ALLY. Boston Partners acquired a new position in Ally Financial during the first quarter worth about $152,079,000. Wedge Capital Management L L P NC grew its position in Ally Financial by 584.7% during the third quarter. Wedge Capital Management L L P NC now owns 1,395,308 shares of the financial services provider's stock worth $49,659,000 after buying an additional 1,191,529 shares during the period. Delta Global Management LP grew its position in shares of Ally Financial by 3,262.3% in the first quarter. Delta Global Management LP now owns 1,035,994 shares of the financial services provider's stock valued at $42,051,000 after purchasing an additional 1,005,182 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Ally Financial by 11.3% in the second quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider's stock valued at $384,715,000 after purchasing an additional 987,489 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of 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 valued at $25,940,000 after purchasing an additional 695,555 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Ally Financial Trading Down 1.2 %

Shares of NYSE:ALLY traded down $0.46 during mid-day trading on Friday, hitting $37.56. The stock had a trading volume of 2,714,073 shares, compared to its average volume of 3,498,242. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $11.42 billion, a PE ratio of 15.02, a P/E/G ratio of 0.41 and a beta of 1.40. Ally Financial Inc. has a 12-month low of $25.16 and a 12-month high of $45.46. The company's 50 day moving average is $35.62 and its 200-day moving average is $38.84.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 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 during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. The firm's quarterly revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts predict that Ally Financial Inc. will post 3 EPS for the current year.

Ally Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.19%. Ally Financial's payout ratio is 48.00%.

Analysts Set New Price Targets

Several analysts have recently commented on ALLY shares. Wells Fargo & Company lowered their price target on shares of Ally Financial from $37.00 to $32.00 and set an "underweight" rating on the stock in a research report on Thursday, September 26th. Barclays lowered their price target on shares of Ally Financial from $44.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 12th. StockNews.com upgraded shares of Ally Financial from a "sell" rating to a "hold" rating in a research report on Saturday, October 19th. Morgan Stanley lowered 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. Finally, Bank of America lowered their price target on shares of Ally Financial from $46.00 to $37.00 and set a "buy" rating on the stock in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Ally Financial presently has an average rating of "Hold" and a consensus target price of $40.38.

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.