Assenagon Asset Management S.A. Has $87.51 Million Stock Position in Ally Financial Inc. (NYSE:ALLY)

Assenagon Asset Management S.A. boosted its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 233.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,430,128 shares of the financial services provider's stock after acquiring an additional 1,701,264 shares during the period. Assenagon Asset Management S.A. owned 0.80% of Ally Financial worth $87,509,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. State Street Corp lifted its stake in Ally Financial by 0.5% in the third quarter. State Street Corp now owns 10,704,719 shares of the financial services provider's stock valued at $380,981,000 after buying an additional 51,426 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of Ally Financial by 217.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider's stock worth $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 raised its position in shares of Ally Financial by 19.6% during the third 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 purchasing an additional 344,543 shares during the period. Jennison Associates LLC raised its position in shares of Ally Financial by 4.7% during the third quarter. Jennison Associates LLC now owns 1,672,812 shares of the financial services provider's stock worth $59,535,000 after purchasing an additional 75,080 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Ally Financial by 7.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,615,663 shares of the financial services provider's stock worth $57,501,000 after purchasing an additional 109,677 shares during the period. Institutional investors own 88.76% of the company's stock.

Analysts Set New Price Targets

ALLY has been the topic of a number of research analyst reports. Evercore ISI dropped their price target 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. Wells Fargo & Company decreased their price objective on Ally Financial from $37.00 to $32.00 and set an "underweight" rating for the company in a report on Thursday, September 26th. Truist Financial assumed coverage on Ally Financial in a report on Tuesday, January 7th. They set a "buy" rating and a $42.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on Ally Financial from $42.00 to $40.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, Raymond James upgraded Ally Financial from an "underperform" rating to a "market perform" rating in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $42.53.

Ally Financial Stock Performance

Shares of NYSE ALLY traded up $0.22 during midday trading on Thursday, hitting $37.35. 4,392,561 shares of the company's stock were exchanged, compared to its average volume of 2,881,576. The firm has a market capitalization of $11.38 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 0.33 and a beta of 1.44. The company's 50 day moving average price is $36.87 and its 200 day moving average price is $38.01. 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 12 month low of $31.77 and a 12 month high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.38. The business had revenue of $2.10 billion during 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%. The firm'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. As a group, analysts predict that Ally Financial Inc. will post 2.95 earnings per share for the current fiscal year.

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.