Private Management Group Inc. Buys 21,846 Shares of Ally Financial Inc. (NYSE:ALLY)

Private Management Group Inc. raised its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 3.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 721,693 shares of the financial services provider's stock after purchasing an additional 21,846 shares during the quarter. Private Management Group Inc. owned 0.24% of Ally Financial worth $25,685,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Boston Partners bought a new position in Ally Financial in the first quarter valued at $152,079,000. Jennison Associates LLC acquired a new position in shares of Ally Financial during the 1st quarter worth about $52,252,000. Wedge Capital Management L L P NC grew its holdings in shares of Ally Financial by 584.7% in 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 acquiring an additional 1,191,529 shares in the last quarter. Delta Global Management LP increased its position in shares of Ally Financial by 3,262.3% in the first quarter. Delta Global Management LP now owns 1,035,994 shares of the financial services provider's stock valued at $42,051,000 after acquiring an additional 1,005,182 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Ally Financial by 11.3% during the second quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider's stock worth $384,715,000 after acquiring an additional 987,489 shares in the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the company. StockNews.com raised Ally Financial from a "sell" rating to a "hold" rating in a research report on Saturday, October 19th. Wells Fargo & Company lowered their target price on shares of Ally Financial from $37.00 to $32.00 and set an "underweight" rating on the stock in a report on Thursday, September 26th. Bank of America cut their price target on shares of Ally Financial from $46.00 to $37.00 and set a "buy" rating for the company in a research note on Wednesday, September 11th. Keefe, Bruyette & Woods lowered their price objective on shares of Ally Financial from $50.00 to $44.00 and set an "outperform" rating on the stock in a research note on Monday, September 16th. Finally, Morgan Stanley cut 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 assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $40.38.

Ally Financial Price Performance

Ally Financial stock traded down $0.18 during trading hours on Friday, reaching $34.57. 2,380,522 shares of the stock were exchanged, compared to its average volume of 3,497,719. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. Ally Financial Inc. has a twelve month low of $24.72 and a twelve month high of $45.46. The company has a market cap of $10.51 billion, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 0.43 and a beta of 1.39. The stock has a 50 day moving average of $36.24 and a two-hundred day moving average of $38.91.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.38. The business had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.03 billion. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $0.83 earnings per share. Equities analysts expect that Ally Financial Inc. will post 3 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.47%. The ex-dividend date is Friday, November 1st. Ally Financial's dividend payout ratio (DPR) is presently 48.00%.

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.