Victory Capital Management Inc. Acquires 198,282 Shares of Ally Financial Inc. (NYSE:ALLY)

Victory Capital Management Inc. raised its holdings in Ally Financial Inc. (NYSE:ALLY - Free Report) by 50.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 594,114 shares of the financial services provider's stock after buying an additional 198,282 shares during the quarter. Victory Capital Management Inc. owned 0.20% of Ally Financial worth $21,145,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its stake in 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 worth $25,000 after acquiring an additional 526 shares in the last quarter. Transcendent Capital Group LLC bought a new position in Ally Financial during the 1st quarter valued at about $28,000. Venturi Wealth Management LLC grew its stake in Ally Financial by 153.9% during the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider's stock worth $34,000 after buying an additional 577 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Ally Financial during the second quarter worth approximately $41,000. Finally, Allworth Financial LP raised its stake in shares of Ally Financial by 41.9% in the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider's stock valued at $51,000 after acquiring an additional 421 shares during the last quarter. Institutional investors own 88.76% of the company's stock.

Ally Financial Trading Down 0.4 %

Shares of ALLY traded down $0.14 during trading hours on Tuesday, reaching $35.57. The stock had a trading volume of 2,600,141 shares, compared to its average volume of 3,478,344. The company has a market cap of $10.84 billion, a P/E ratio of 14.28, a P/E/G ratio of 0.43 and a beta of 1.40. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.36. The firm has a 50-day moving average of $35.06 and a 200 day moving average of $38.73. Ally Financial Inc. has a 52 week low of $26.50 and a 52 week high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 period in the prior year, the business earned $0.83 EPS. Ally Financial's revenue for the quarter was up 6.9% compared to the same quarter last year. On average, sell-side analysts expect that Ally Financial Inc. will post 3 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date was Friday, November 1st. Ally Financial's dividend payout ratio (DPR) is presently 48.00%.

Wall Street Analyst Weigh In

A number of research firms recently commented on ALLY. TD Cowen decreased their price target on Ally Financial from $45.00 to $37.00 and set a "hold" rating on the stock in a research report on Monday, September 23rd. Keefe, Bruyette & Woods lowered their target price on Ally Financial from $50.00 to $44.00 and set an "outperform" rating for the company in a research note on Monday, September 16th. Citigroup lifted their price target on Ally Financial from $50.00 to $55.00 and gave the company a "buy" rating in a report on Friday. Wells Fargo & Company decreased their price objective 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, Barclays reduced their target price on shares of Ally Financial from $44.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 12th. 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. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $40.69.

Ally Financial Profile

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.