Quadrature Capital Ltd Lowers Holdings in Ally Financial Inc. (NYSE:ALLY)

Quadrature Capital Ltd trimmed its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 62.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,651 shares of the financial services provider's stock after selling 14,642 shares during the quarter. Quadrature Capital Ltd's holdings in Ally Financial were worth $308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its stake in Ally Financial by 68.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 68,986 shares of the financial services provider's stock worth $2,455,000 after buying an additional 28,114 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in Ally Financial during the 3rd quarter worth about $1,338,000. Wealth Enhancement Advisory Services LLC lifted its position in Ally Financial by 58.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 50,466 shares of the financial services provider's stock worth $1,796,000 after acquiring an additional 18,671 shares during the period. Point72 Asset Management L.P. acquired a new stake in Ally Financial during the 3rd quarter worth about $21,571,000. Finally, Private Management Group Inc. lifted its position in Ally Financial by 3.1% during the 3rd quarter. Private Management Group Inc. now owns 721,693 shares of the financial services provider's stock worth $25,685,000 after acquiring an additional 21,846 shares during the period. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Ally Financial Price Performance

NYSE ALLY traded down $0.20 during trading hours on Wednesday, reaching $38.35. The company's stock had a trading volume of 1,735,575 shares, compared to its average volume of 3,444,935. The firm has a market capitalization of $11.69 billion, a price-to-earnings ratio of 15.42, a P/E/G ratio of 0.46 and a beta of 1.42. Ally Financial Inc. has a 1-year low of $29.68 and a 1-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's 50-day moving average is $36.38 and its two-hundred day moving average is $38.59.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.57 by $0.38. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the previous year, the business earned $0.83 EPS. Ally Financial's quarterly revenue was up 6.9% on a year-over-year basis. On average, equities analysts predict that Ally Financial Inc. will post 3 EPS for the current year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.20 annualized dividend and a yield of 3.13%. Ally Financial's dividend payout ratio (DPR) is currently 48.00%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. BTIG Research cut Ally Financial from a "buy" rating to a "neutral" rating in a research report on Monday, September 16th. Barclays lowered their price target on Ally Financial from $44.00 to $36.00 and set an "equal weight" rating for the company in a research report on Thursday, September 12th. StockNews.com raised Ally Financial from a "sell" rating to a "hold" rating in a research report on Saturday, October 19th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $40.00 price target on shares of Ally Financial in a research report on Monday, October 21st. Finally, Wolfe Research cut Ally Financial from an "outperform" rating to a "peer perform" rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $41.73.

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.