Bridgewater Associates LP Increases Holdings in Ally Financial Inc. (NYSE:ALLY)

Bridgewater Associates LP raised its holdings in Ally Financial Inc. (NYSE:ALLY - Free Report) by 312.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,649 shares of the financial services provider's stock after purchasing an additional 102,736 shares during the quarter. Bridgewater Associates LP's holdings in Ally Financial were worth $4,828,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in Ally Financial by 510.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 526 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in Ally Financial by 153.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 577 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Ally Financial during the 2nd quarter valued at approximately $41,000. Hobbs Group Advisors LLC acquired a new stake in shares of Ally Financial during the 2nd quarter valued at approximately $52,000. Finally, First Community Trust NA acquired a new stake in shares of Ally Financial during the 2nd quarter valued at approximately $53,000. Hedge funds and other institutional investors own 88.76% of the company's stock.

Wall Street Analysts Forecast Growth

ALLY has been the subject of a number of research reports. Raymond James upgraded shares of Ally Financial from an "underperform" rating to a "market perform" rating in a research report on Monday, October 21st. Wells Fargo & Company reduced their price target on shares of Ally Financial from $37.00 to $32.00 and set an "underweight" rating for the company in a research report on Thursday, September 26th. Barclays reduced their price target on shares of Ally Financial from $44.00 to $36.00 and set an "equal weight" rating for the company in a research report on Thursday, September 12th. Bank of America reduced their price target on shares of Ally Financial from $46.00 to $37.00 and set a "buy" rating for the company in a research report on Wednesday, September 11th. Finally, Citigroup lifted their price target on shares of Ally Financial from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $40.69.

Ally Financial Trading Up 1.2 %

ALLY traded up $0.49 during trading on Friday, hitting $39.98. The company's stock had a trading volume of 1,866,550 shares, compared to its average volume of 3,470,041. The firm's 50 day moving average price is $35.90 and its 200-day moving average price is $38.64. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $12.18 billion, a PE ratio of 15.99, a PEG ratio of 0.47 and a beta of 1.40. Ally Financial Inc. has a twelve month low of $28.99 and a twelve month high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same period in the previous year, the company earned $0.83 EPS. The business's quarterly revenue was up 6.9% compared to the same quarter last year. On average, analysts expect that Ally Financial Inc. will post 3 earnings per share for the current year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.00%. Ally Financial's dividend payout ratio is presently 48.00%.

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.