33,700 Shares in Ally Financial Inc. (NYSE:ALLY) Acquired by Versor Investments LP

Versor Investments LP bought a new position in Ally Financial Inc. (NYSE:ALLY) in the 3rd quarter, Holdings Channel reports. The firm bought 33,700 shares of the financial services provider’s stock, valued at approximately $1,199,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its holdings in Ally Financial by 510.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 526 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in Ally Financial in the 1st quarter worth approximately $28,000. Venturi Wealth Management LLC grew its position in Ally Financial by 153.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 577 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Ally Financial in the 2nd quarter valued at $41,000. Finally, Allworth Financial LP lifted its position in Ally Financial by 41.9% during the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 421 shares during the period. 88.76% of the stock is owned by hedge funds and other institutional investors.

Ally Financial Stock Down 0.1 %

ALLY stock opened at $37.54 on Tuesday. The stock has a market capitalization of $11.44 billion, a P/E ratio of 15.02, a P/E/G ratio of 0.45 and a beta of 1.40. Ally Financial Inc. has a 52 week low of $25.23 and a 52 week high of $45.46. The firm has a 50-day simple moving average of $35.62 and a 200-day simple moving average of $38.83. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.36.

Ally Financial (NYSE:ALLY) last announced its earnings results on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.38. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.83 earnings per share. Equities analysts forecast that Ally Financial Inc. will post 3 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, November 1st. This represents a $1.20 annualized dividend and a yield of 3.20%. Ally Financial’s dividend payout ratio (DPR) is presently 48.00%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ALLY shares. Evercore ISI reduced 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. Barclays dropped their price objective 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. BTIG Research cut shares of Ally Financial from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. Bank of America cut their price target on Ally Financial from $46.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Finally, StockNews.com raised Ally Financial from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Ally Financial presently has an average rating of “Hold” and a consensus price target of $40.38.

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.