Ally Financial Inc. (NYSE:ALLY) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lowered its stake in Ally Financial Inc. (NYSE:ALLY) by 7.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,288,939 shares of the financial services provider’s stock after selling 106,369 shares during the quarter. Wedge Capital Management L L P NC owned 0.42% of Ally Financial worth $46,415,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ALLY. Assenagon Asset Management S.A. grew its position in shares of Ally Financial by 233.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider’s stock valued at $87,509,000 after purchasing an additional 1,701,264 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in Ally Financial by 217.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider’s stock worth $81,260,000 after buying an additional 1,563,008 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Ally Financial during the 3rd quarter worth approximately $21,571,000. 140 Summer Partners LP acquired a new position in shares of Ally Financial during the third quarter valued at approximately $19,140,000. Finally, Franklin Resources Inc. lifted its position in shares of Ally Financial by 184.7% in the third quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider’s stock valued at $19,044,000 after acquiring an additional 345,210 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Trading Down 1.1 %

NYSE ALLY opened at $36.96 on Friday. Ally Financial Inc. has a 12 month low of $31.77 and a 12 month high of $45.46. The stock has a market capitalization of $11.26 billion, a P/E ratio of 14.79, a PEG ratio of 0.33 and a beta of 1.44. The firm’s 50-day moving average is $36.85 and its two-hundred day moving average is $37.99. 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 posted its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.38. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company posted $0.83 EPS. On average, sell-side analysts anticipate that Ally Financial Inc. will post 2.95 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.25%. Ally Financial’s dividend payout ratio is currently 48.00%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ALLY shares. Morgan Stanley increased their price objective on Ally Financial from $41.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Royal Bank of Canada reissued an “outperform” rating and issued a $40.00 price target on shares of Ally Financial in a research note on Monday, October 21st. StockNews.com raised shares of Ally Financial from a “hold” rating to a “buy” rating in a research note on Wednesday. Evercore ISI decreased their target price on shares of Ally Financial from $47.00 to $38.00 and set an “in-line” rating on the stock in a research note on Monday, October 7th. Finally, Raymond James upgraded Ally Financial from an “underperform” rating to a “market perform” rating in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Ally Financial currently has a consensus rating of “Hold” and a consensus price target of $42.53.

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.