Quest Partners LLC Trims Holdings in Ally Financial Inc. (NYSE:ALLY)

Quest Partners LLC reduced its stake in Ally Financial Inc. (NYSE:ALLY) by 68.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,493 shares of the financial services provider’s stock after selling 23,015 shares during the quarter. Quest Partners LLC’s holdings in Ally Financial were worth $373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ALLY. Boston Partners purchased a new stake in shares of Ally Financial in the first quarter valued at about $152,079,000. Wedge Capital Management L L P NC grew its stake in shares of Ally Financial by 584.7% in the 3rd quarter. Wedge Capital Management L L P NC now owns 1,395,308 shares of the financial services provider’s stock valued at $49,659,000 after buying an additional 1,191,529 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Ally Financial by 11.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider’s stock worth $384,715,000 after buying an additional 987,489 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Ally Financial by 2,088.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 728,864 shares of the financial services provider’s stock valued at $25,940,000 after buying an additional 695,555 shares during the period. Finally, Los Angeles Capital Management LLC lifted its holdings in Ally Financial by 182.2% in the second quarter. Los Angeles Capital Management LLC now owns 726,718 shares of the financial services provider’s stock valued at $28,829,000 after acquiring an additional 469,199 shares during the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.

Ally Financial Trading Up 1.8 %

ALLY opened at $37.85 on Monday. The business has a fifty day moving average price of $35.35 and a 200 day moving average price of $38.65. 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 Inc. has a 12 month low of $26.50 and a 12 month high of $45.46. The stock has a market capitalization of $11.53 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 0.44 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 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 the consensus estimate of $2.03 billion. During the same period in the previous year, the company posted $0.83 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. 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 disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $0.30 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.17%. Ally Financial’s payout ratio is 48.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ALLY shares. Evercore ISI reduced their target price on Ally Financial from $47.00 to $38.00 and set an “in-line” rating on the stock in a research report on Monday, October 7th. Citigroup boosted their price objective on shares of Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, November 15th. BTIG Research lowered shares of Ally Financial from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. Keefe, Bruyette & Woods reduced their price target on shares of Ally Financial from $50.00 to $44.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Finally, Barclays lowered their price objective on shares of Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a research report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $40.69.

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.