Ally Financial Inc. (NYSE:ALLY) Stock Holdings Lowered by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 30.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 635,951 shares of the financial services provider’s stock after selling 275,639 shares during the quarter. Principal Financial Group Inc.’s holdings in Ally Financial were worth $22,633,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. 1834 Investment Advisors Co. boosted its position in shares of Ally Financial by 127.7% in the 3rd quarter. 1834 Investment Advisors Co. now owns 217,646 shares of the financial services provider’s stock valued at $7,746,000 after purchasing an additional 122,059 shares during the period. Asset Management One Co. Ltd. lifted its stake in Ally Financial by 46.2% during the third quarter. Asset Management One Co. Ltd. now owns 130,693 shares of the financial services provider’s stock valued at $4,651,000 after buying an additional 41,315 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Ally Financial by 1.7% in the third quarter. QRG Capital Management Inc. now owns 103,943 shares of the financial services provider’s stock worth $3,699,000 after buying an additional 1,707 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of Ally Financial by 7.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,615,663 shares of the financial services provider’s stock worth $57,501,000 after acquiring an additional 109,677 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Ally Financial by 68.8% during the third quarter. Janney Montgomery Scott LLC now owns 68,986 shares of the financial services provider’s stock valued at $2,455,000 after acquiring an additional 28,114 shares during the period. 88.76% of the stock is owned by institutional investors.

Ally Financial Price Performance

NYSE ALLY opened at $36.58 on Thursday. The firm has a market cap of $11.15 billion, a P/E ratio of 14.72, a price-to-earnings-growth ratio of 0.44 and a beta of 1.40. The stock’s 50-day moving average is $35.40 and its two-hundred day moving average is $38.80. Ally Financial Inc. has a fifty-two week low of $26.43 and a fifty-two week 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.

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

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Friday, November 1st. Ally Financial’s dividend payout ratio is currently 48.00%.

Analyst Ratings Changes

ALLY has been the topic of several research analyst reports. TD Cowen lowered their price objective on shares of Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a research report on Monday, September 23rd. StockNews.com upgraded Ally Financial from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. Bank of America reduced their price objective on Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. JPMorgan Chase & Co. raised Ally Financial from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $46.00 to $40.00 in a research note on Monday, October 7th. Finally, BTIG Research lowered shares of Ally Financial from a “buy” rating to a “neutral” rating in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $40.38.

Ally Financial Company 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.