Versor Investments LP Buys New Shares in Ally Financial Inc. (NYSE:ALLY)

Versor Investments LP acquired a new position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 33,700 shares of the financial services provider's stock, valued at approximately $1,199,000.

Other large investors also recently modified their holdings of the company. Janney Montgomery Scott LLC increased its position in shares of Ally Financial by 9.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 39,397 shares of the financial services provider's stock valued at $1,599,000 after purchasing an additional 3,488 shares during the last quarter. Quantbot Technologies LP bought a new stake in Ally Financial in the first quarter valued at approximately $812,000. Oppenheimer & Co. Inc. bought a new stake in Ally Financial in the first quarter valued at approximately $367,000. Forsta AP Fonden increased its stake in shares of Ally Financial by 7.1% during the first quarter. Forsta AP Fonden now owns 48,500 shares of the financial services provider's stock valued at $1,969,000 after buying an additional 3,200 shares during the period. Finally, Atomi Financial Group Inc. purchased a new stake in Ally Financial in the first quarter worth $256,000. 88.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ALLY has been the topic of a number of research analyst reports. Bank of America lowered their price target on Ally Financial from $46.00 to $37.00 and set a "buy" rating on the stock in a report on Wednesday, September 11th. JPMorgan Chase & Co. raised Ally Financial from a "neutral" rating to an "overweight" rating and lowered their price objective for the company from $46.00 to $40.00 in a research note on Monday, October 7th. Evercore ISI lowered their price objective on Ally Financial from $47.00 to $38.00 and set an "in-line" rating for the company in a research note on Monday, October 7th. Raymond James raised Ally Financial from an "underperform" rating to a "market perform" rating in a research note on Monday, October 21st. Finally, StockNews.com raised Ally Financial from a "sell" rating to a "hold" rating in a research note on Saturday, October 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Ally Financial presently has a consensus rating of "Hold" and a consensus target price of $40.38.

Ally Financial Stock Down 2.4 %

Shares of NYSE:ALLY traded down $0.91 on Tuesday, reaching $36.64. The company had a trading volume of 2,601,297 shares, compared to its average volume of 3,489,276. Ally Financial Inc. has a 52-week low of $25.23 and a 52-week high of $45.46. The firm's 50 day simple moving average is $35.50 and its 200-day simple moving average is $38.82. 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 has a market capitalization of $11.16 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 (EPS) for the quarter, beating 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 business had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter in the previous year, the firm posted $0.83 EPS. The company's revenue for the quarter was up 6.9% on a year-over-year basis. As a group, analysts expect that Ally Financial Inc. will post 3 earnings per share 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 given a $0.30 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.20 annualized dividend and a yield of 3.28%. Ally Financial's payout ratio is 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.