Ally Financial Inc. (NYSE:ALLY) Shares Sold by Holocene Advisors LP

Holocene Advisors LP trimmed its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 41.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,846,941 shares of the financial services provider's stock after selling 1,330,236 shares during the period. Holocene Advisors LP owned about 0.61% of Ally Financial worth $65,733,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ALLY. Allspring Global Investments Holdings LLC grew its position 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 worth $25,000 after purchasing an additional 526 shares in the last quarter. Venturi Wealth Management LLC grew its position 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 worth $34,000 after purchasing an additional 577 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Ally Financial in the 2nd quarter worth about $41,000. Allworth Financial LP grew its position in shares of Ally Financial by 41.9% during the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider's stock valued at $51,000 after acquiring an additional 421 shares during the period. Finally, Hobbs Group Advisors LLC bought a new position in shares of Ally Financial during the 2nd quarter valued at approximately $52,000. 88.76% of the stock is owned by institutional investors.

Ally Financial Stock Performance

Shares of NYSE ALLY traded down $0.11 during mid-day trading on Tuesday, hitting $39.09. 1,347,711 shares of the company were exchanged, compared to its average volume of 3,461,981. 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 50 day simple moving average of $36.00 and a 200-day simple moving average of $38.61. Ally Financial Inc. has a 1-year low of $29.05 and a 1-year high of $45.46. The firm has a market cap of $11.91 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 0.47 and a beta of 1.42.

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

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Friday, November 1st. Ally Financial's dividend payout ratio is presently 48.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ALLY shares. Wells Fargo & Company reduced their target price 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. StockNews.com upgraded shares of Ally Financial from a "sell" rating to a "hold" rating in a research note on Saturday, October 19th. Barclays dropped their price target on shares of Ally Financial from $44.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 12th. Morgan Stanley dropped 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. Finally, Citigroup upped their price target 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $40.80.

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.