Dimensional Fund Advisors LP Acquires 987,489 Shares of Ally Financial Inc. (NYSE:ALLY)

Dimensional Fund Advisors LP increased its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 11.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,697,795 shares of the financial services provider's stock after buying an additional 987,489 shares during the quarter. Dimensional Fund Advisors LP owned 3.19% of Ally Financial worth $384,715,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Price T Rowe Associates Inc. MD grew its stake in Ally Financial by 245.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 608,179 shares of the financial services provider's stock valued at $24,687,000 after purchasing an additional 432,350 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Ally Financial by 18.7% during the 4th quarter. Allianz Asset Management GmbH now owns 1,662,075 shares of the financial services provider's stock worth $58,040,000 after acquiring an additional 261,897 shares in the last quarter. OLD National Bancorp IN boosted its stake in shares of Ally Financial by 3.8% during the 2nd quarter. OLD National Bancorp IN now owns 880,601 shares of the financial services provider's stock worth $34,933,000 after acquiring an additional 32,478 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of Ally Financial by 15.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 369,491 shares of the financial services provider's stock worth $14,988,000 after acquiring an additional 49,539 shares in the last quarter. Finally, Banque Cantonale Vaudoise boosted its stake in shares of Ally Financial by 309.5% during the 1st quarter. Banque Cantonale Vaudoise now owns 99,315 shares of the financial services provider's stock worth $4,031,000 after acquiring an additional 75,063 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Royal Bank of Canada decreased their price target on Ally Financial from $49.00 to $40.00 and set an "outperform" rating for the company in a research note on Thursday, September 12th. Barclays decreased their price target 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. BTIG Research downgraded Ally Financial from a "buy" rating to a "neutral" rating in a research note on Monday. Evercore ISI boosted their price objective on Ally Financial from $43.00 to $45.00 and gave the stock an "in-line" rating in a research report on Tuesday, June 25th. Finally, Keefe, Bruyette & Woods cut their price objective on Ally Financial from $50.00 to $44.00 and set an "outperform" rating for the company in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, Ally Financial presently has a consensus rating of "Hold" and a consensus target price of $41.41.

Ally Financial Stock Performance

Ally Financial stock traded up $0.74 during trading hours on Tuesday, hitting $33.77. The stock had a trading volume of 5,275,486 shares, compared to its average volume of 3,451,693. Ally Financial Inc. has a fifty-two week low of $22.54 and a fifty-two week high of $45.46. The company has a market cap of $10.27 billion, a PE ratio of 13.78, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. The company has a 50-day moving average of $41.00 and a two-hundred day moving average of $39.70. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.39.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.33. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the company posted $0.96 EPS. The company's revenue was down 3.8% compared to the same quarter last year. On average, equities research analysts anticipate that Ally Financial Inc. will post 3.51 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.55%. Ally Financial's dividend payout ratio is currently 48.98%.

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.