Banque Cantonale Vaudoise Boosts Stock Position in Ally Financial Inc. (NYSE:ALLY)

Banque Cantonale Vaudoise grew its position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 86.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,772 shares of the financial services provider's stock after buying an additional 17,085 shares during the quarter. Banque Cantonale Vaudoise's holdings in Ally Financial were worth $1,309,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Boston Partners bought a new stake in shares of Ally Financial in the first quarter worth approximately $152,079,000. Wedge Capital Management L L P NC grew its holdings in shares of Ally Financial by 584.7% in 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 acquiring an additional 1,191,529 shares during the period. Dimensional Fund Advisors LP increased its position in Ally Financial by 11.3% during 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 acquiring an additional 987,489 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Ally Financial by 2,088.2% during 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 acquiring an additional 695,555 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in Ally Financial by 182.2% in the second quarter. Los Angeles Capital Management LLC now owns 726,718 shares of the financial services provider's stock valued at $28,829,000 after acquiring an additional 469,199 shares during the period. Institutional investors own 88.76% of the company's stock.

Ally Financial Stock Performance

Shares of NYSE:ALLY opened at $35.53 on Thursday. The firm has a fifty day simple moving average of $35.17 and a two-hundred day simple moving average of $38.68. Ally Financial Inc. has a 52 week low of $26.50 and a 52 week high of $45.46. 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 stock has a market capitalization of $10.83 billion, a P/E ratio of 14.21, a PEG ratio of 0.43 and a beta of 1.40.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.57 by $0.38. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the business posted $0.83 earnings per share. The firm's revenue was up 6.9% on a year-over-year basis. On average, analysts expect that Ally Financial Inc. will post 3 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.38%. Ally Financial's dividend payout ratio is presently 48.00%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ALLY shares. Evercore ISI cut their target price on shares of Ally Financial from $47.00 to $38.00 and set an "in-line" rating for the company in a research report on Monday, October 7th. JPMorgan Chase & Co. raised Ally Financial from a "neutral" rating to an "overweight" rating and lowered their price objective for the company from $46.00 to $40.00 in a research report on Monday, October 7th. TD Cowen reduced their target price on shares of Ally Financial from $45.00 to $37.00 and set a "hold" rating for the company in a report on Monday, September 23rd. Bank of America decreased their price objective 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. Finally, BTIG Research downgraded shares of Ally Financial from a "buy" rating to a "neutral" rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $40.69.

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.