Ally Financial Inc. (NYSE:ALLY) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 20.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,390,308 shares of the financial services provider's stock after selling 1,104,636 shares during the quarter. Thrivent Financial for Lutherans owned about 1.44% of Ally Financial worth $156,251,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ALLY. Allspring Global Investments Holdings LLC grew its holdings in shares of Ally Financial by 510.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider's stock valued at $25,000 after buying an additional 526 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Ally Financial during the first quarter valued at $28,000. Venturi Wealth Management LLC grew its holdings in shares of Ally Financial by 153.9% during the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider's stock valued at $34,000 after buying an additional 577 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Ally Financial during the second quarter valued at $41,000. Finally, Allworth Financial LP grew its holdings in shares of Ally Financial by 41.9% during the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider's stock valued at $51,000 after buying an additional 421 shares during the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Barclays lowered 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 report on Thursday, September 12th. Bank of America lowered their price target on shares of Ally Financial from $46.00 to $37.00 and set a "buy" rating on the stock in a report on Wednesday, September 11th. StockNews.com raised shares of Ally Financial from a "sell" rating to a "hold" rating in a report on Saturday, October 19th. Wells Fargo & Company lowered their price target 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. 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 report on Friday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $40.69.

Ally Financial Stock Performance

Shares of ALLY remained flat at $36.22 during mid-day trading on Friday. 2,166,851 shares of the company traded hands, compared to its average volume of 3,387,985. Ally Financial Inc. has a 52-week low of $26.50 and a 52-week high of $45.46. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. The firm's fifty day simple moving average is $35.14 and its 200 day simple moving average is $38.75. The stock has a market cap of $11.04 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 0.43 and a beta of 1.40.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.38. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. The company's revenue for the quarter was up 6.9% on a year-over-year basis. Research analysts anticipate that Ally Financial Inc. will post 3 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.31%. 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.