Janney Montgomery Scott LLC Has $2.46 Million Position in Ally Financial Inc. (NYSE:ALLY)

Janney Montgomery Scott LLC raised its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 68.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,986 shares of the financial services provider's stock after buying an additional 28,114 shares during the period. Janney Montgomery Scott LLC's holdings in Ally Financial were worth $2,455,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of ALLY. Boston Partners purchased a new position in shares of Ally Financial in the first quarter worth approximately $152,079,000. Wedge Capital Management L L P NC grew 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 worth $49,659,000 after purchasing an additional 1,191,529 shares in the last quarter. Delta Global Management LP raised its stake in Ally Financial by 3,262.3% during the 1st quarter. Delta Global Management LP now owns 1,035,994 shares of the financial services provider's stock valued at $42,051,000 after purchasing an additional 1,005,182 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Ally Financial by 11.3% in the second 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 in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Ally Financial by 2,088.2% in the third quarter. Assenagon Asset Management S.A. now owns 728,864 shares of the financial services provider's stock worth $25,940,000 after buying an additional 695,555 shares during the period. Institutional investors and hedge funds own 88.76% of the company's stock.

Ally Financial Stock Performance

Shares of ALLY stock traded down $0.30 during trading on Tuesday, reaching $37.25. The company had a trading volume of 636,941 shares, compared to its average volume of 3,480,307. The firm's 50 day simple moving average is $35.50 and its two-hundred day simple moving average is $38.82. Ally Financial Inc. has a one year low of $25.23 and a one year high of $45.46. 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 company has a market capitalization of $11.35 billion, a PE ratio of 15.02, a PEG ratio of 0.45 and a beta of 1.40.

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 analysts' consensus estimates of $0.57 by $0.38. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The business 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 earnings per share. Ally Financial's revenue for the quarter was up 6.9% on a year-over-year basis. Sell-side analysts forecast that Ally Financial Inc. will post 3 earnings per share for the current year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Friday, November 1st. Ally Financial's dividend payout ratio is currently 48.00%.

Wall Street Analysts Forecast Growth

ALLY has been the subject of several research analyst reports. StockNews.com raised Ally Financial from a "sell" rating to a "hold" rating in a research note on Saturday, October 19th. Raymond James raised shares of Ally Financial from an "underperform" rating to a "market perform" rating in a research report on Monday, October 21st. Barclays lowered their price objective on shares of Ally Financial from $44.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 12th. Evercore ISI cut their target price on shares of Ally Financial from $47.00 to $38.00 and set an "in-line" rating for the company in a research report on Monday, October 7th. Finally, Morgan Stanley decreased their target price on shares of Ally Financial from $45.00 to $41.00 and set an "overweight" rating for the company in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock 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.