Gateway Investment Advisers LLC Trims Stock Position in Ally Financial Inc. (NYSE:ALLY)

Gateway Investment Advisers LLC decreased its position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 52.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 111,979 shares of the financial services provider's stock after selling 122,234 shares during the quarter. Gateway Investment Advisers LLC's holdings in Ally Financial were worth $4,032,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ALLY. Janney Montgomery Scott LLC lifted its holdings in Ally Financial by 68.8% in the third quarter. Janney Montgomery Scott LLC now owns 68,986 shares of the financial services provider's stock valued at $2,455,000 after buying an additional 28,114 shares during the period. Oak Thistle LLC acquired a new position in shares of Ally Financial in the 4th quarter valued at about $1,112,000. CWA Asset Management Group LLC bought a new stake in shares of Ally Financial during the 3rd quarter valued at about $1,338,000. Wealth Enhancement Advisory Services LLC grew its stake in Ally Financial by 58.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,466 shares of the financial services provider's stock worth $1,796,000 after purchasing an additional 18,671 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in Ally Financial in the third quarter worth approximately $21,571,000. 88.76% of the stock is owned by institutional investors.

Ally Financial Stock Performance

NYSE:ALLY traded down $0.41 during trading hours on Friday, reaching $36.96. The stock had a trading volume of 5,100,197 shares, compared to its average volume of 2,202,021. The stock has a market cap of $11.26 billion, a P/E ratio of 14.79, a price-to-earnings-growth ratio of 0.33 and a beta of 1.44. The stock has a 50 day simple moving average of $36.85 and a 200 day simple moving average of $37.97. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.92 and a current ratio of 0.92. 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 announced 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. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 EPS. On average, research analysts forecast that Ally Financial Inc. will post 2.95 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.25%. Ally Financial's dividend payout ratio (DPR) is presently 48.00%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ALLY shares. TD Cowen cut their price target on Ally Financial from $45.00 to $37.00 and set a "hold" rating on the stock in a report on Monday, September 23rd. 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 report on Thursday, September 26th. StockNews.com upgraded shares of Ally Financial from a "hold" rating to a "buy" rating in a report on Wednesday. JPMorgan Chase & Co. reduced their target price on Ally Financial from $42.00 to $40.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, Wolfe Research downgraded Ally Financial from an "outperform" rating to a "peer perform" rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Ally Financial currently has an average rating of "Hold" and a consensus price target of $42.53.

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.