Ally Financial Inc. (NYSE:ALLY) Shares Sold by Fmr LLC

FMR LLC lowered its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 7.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,224,080 shares of the financial services provider's stock after selling 246,330 shares during the period. FMR LLC owned approximately 1.06% of Ally Financial worth $114,745,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Wedge Capital Management L L P NC increased its position in Ally Financial by 584.7% during the 3rd quarter. Wedge Capital Management L L P NC now owns 1,395,308 shares of the financial services provider's stock valued at $49,659,000 after buying an additional 1,191,529 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Ally Financial by 11.3% in the 2nd 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. Assenagon Asset Management S.A. boosted its stake in Ally Financial by 2,088.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 728,864 shares of the financial services provider's stock worth $25,940,000 after purchasing an additional 695,555 shares in the last quarter. Los Angeles Capital Management LLC grew its position in Ally Financial by 182.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 726,718 shares of the financial services provider's stock worth $28,829,000 after purchasing an additional 469,199 shares during the last quarter. Finally, Philip James Wealth Mangement LLC increased its stake in Ally Financial by 3,811.5% during the 3rd quarter. Philip James Wealth Mangement LLC now owns 237,545 shares of the financial services provider's stock valued at $8,454,000 after purchasing an additional 231,472 shares in the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.

Ally Financial Trading Down 1.2 %

Shares of Ally Financial stock traded down $0.47 during mid-day trading on Thursday, hitting $38.37. The stock had a trading volume of 2,390,292 shares, compared to its average volume of 3,456,902. The firm has a 50-day moving average of $36.26 and a two-hundred day moving average of $38.61. The firm has a market cap of $11.69 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 0.47 and a beta of 1.42. 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 $29.05 and a 12-month high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings data 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. 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 period in the prior year, the business posted $0.83 earnings per share. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. Sell-side analysts forecast that Ally Financial Inc. will post 3 earnings per share for the current year.

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $0.30 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.13%. Ally Financial's payout ratio is currently 48.00%.

Analyst Upgrades and Downgrades

ALLY has been the topic of several research reports. BTIG Research downgraded Ally Financial from a "buy" rating to a "neutral" rating in a research report on Monday, September 16th. Barclays reduced their price objective on Ally Financial from $44.00 to $36.00 and set an "equal weight" rating for the company in a research note on Thursday, September 12th. StockNews.com upgraded shares of Ally Financial from a "sell" rating to a "hold" rating in a report on Saturday, October 19th. Citigroup lifted their price objective on shares of Ally Financial from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Finally, Raymond James upgraded shares of Ally Financial from an "underperform" rating to a "market perform" rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Ally Financial presently has a consensus rating of "Hold" and an average target price of $40.80.

About Ally Financial

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.