37,590 Shares in Ally Financial Inc. (NYSE:ALLY) Acquired by CWA Asset Management Group LLC

CWA Asset Management Group LLC purchased a new stake in Ally Financial Inc. (NYSE:ALLY - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 37,590 shares of the financial services provider's stock, valued at approximately $1,338,000.

Other large investors have also added to or reduced their stakes in the company. Fifth Third Bancorp raised its position in shares of Ally Financial by 1.2% in the 2nd quarter. Fifth Third Bancorp now owns 23,275 shares of the financial services provider's stock valued at $923,000 after buying an additional 278 shares in the last quarter. Blue Trust Inc. raised its position in Ally Financial by 8.2% during the third quarter. Blue Trust Inc. now owns 4,660 shares of the financial services provider's stock valued at $166,000 after purchasing an additional 352 shares in the last quarter. Allworth Financial LP lifted its stake in Ally Financial by 41.9% during the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider's stock worth $51,000 after purchasing an additional 421 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Ally Financial by 39.7% in the 2nd quarter. Versant Capital Management Inc now owns 1,630 shares of the financial services provider's stock valued at $65,000 after purchasing an additional 463 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of Ally Financial by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 75,147 shares of the financial services provider's stock valued at $2,981,000 after purchasing an additional 480 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company's stock.

Ally Financial Stock Down 1.2 %

Shares of NYSE ALLY traded down $0.46 during mid-day trading on Friday, reaching $37.56. 2,714,223 shares of the company's stock traded hands, compared to its average volume of 4,004,392. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.92 and a quick ratio of 0.92. Ally Financial Inc. has a 1-year low of $25.16 and a 1-year high of $45.46. The stock has a market cap of $11.45 billion, a P/E ratio of 15.02, a PEG ratio of 0.45 and a beta of 1.40. The business has a 50-day simple moving average of $35.62 and a 200 day simple moving average of $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 analysts' consensus estimates of $0.57 by $0.38. The firm had revenue of $2.10 billion for 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 business's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.83 EPS. On average, analysts expect that Ally Financial Inc. will post 3 EPS for the current fiscal 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 issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Friday, November 1st. Ally Financial's payout ratio is presently 48.00%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley reduced 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 note on Monday, October 21st. Royal Bank of Canada reaffirmed an "outperform" rating and set a $40.00 target price on shares of Ally Financial in a research note on Monday, October 21st. Raymond James upgraded Ally Financial from an "underperform" rating to a "market perform" rating in a research note on Monday, October 21st. TD Cowen reduced their price objective on Ally Financial from $45.00 to $37.00 and set a "hold" rating on the stock in a research report on Monday, September 23rd. Finally, BTIG Research lowered Ally Financial from a "buy" rating to a "neutral" rating in a research note on Monday, September 16th. One equities research 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. Based on data from MarketBeat.com, Ally Financial has a consensus rating of "Hold" and an average price target 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.