Geode Capital Management LLC Has $167.30 Million Stake in Ally Financial Inc. (NYSE:ALLY)

Geode Capital Management LLC lowered its holdings in Ally Financial Inc. (NYSE:ALLY) by 3.1% during the third quarter, Holdings Channel.com reports. The firm owned 4,711,189 shares of the financial services provider’s stock after selling 149,095 shares during the period. Geode Capital Management LLC’s holdings in Ally Financial were worth $167,301,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ALLY. Blue Trust Inc. grew its holdings in Ally Financial by 10.2% during the 2nd quarter. Blue Trust Inc. now owns 4,308 shares of the financial services provider’s stock worth $175,000 after acquiring an additional 400 shares during the last quarter. Neo Ivy Capital Management bought a new stake in shares of Ally Financial during the second quarter valued at approximately $285,000. Hobbs Group Advisors LLC acquired a new stake in shares of Ally Financial in the second quarter valued at approximately $52,000. Fifth Third Bancorp raised its position in Ally Financial by 1.2% in the 2nd quarter. Fifth Third Bancorp now owns 23,275 shares of the financial services provider’s stock worth $923,000 after purchasing an additional 278 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new position in Ally Financial during the 2nd quarter worth $338,000. Institutional investors own 88.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ALLY shares. Wolfe Research downgraded Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. TD Cowen dropped their price objective on Ally Financial from $45.00 to $37.00 and set a “hold” rating for the company in a report on Monday, September 23rd. Wells Fargo & Company reduced their target price on shares of Ally Financial from $37.00 to $32.00 and set an “underweight” rating on the stock in a research note on Thursday, September 26th. Royal Bank of Canada reissued an “outperform” rating and set a $40.00 price target on shares of Ally Financial in a research note on Monday, October 21st. Finally, BTIG Research cut shares of Ally Financial from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $41.73.

Ally Financial Stock Performance

ALLY stock opened at $37.68 on Monday. Ally Financial Inc. has a 1-year low of $31.77 and a 1-year high of $45.46. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. The firm has a market cap of $11.48 billion, a PE ratio of 15.07, a P/E/G ratio of 0.46 and a beta of 1.42. The business’s 50-day moving average price is $36.65 and its two-hundred day moving average price is $38.58.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the previous year, the business posted $0.83 EPS. Ally Financial’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, research analysts forecast that Ally Financial Inc. will post 3 earnings per share for the current year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Friday, November 1st. Ally Financial’s dividend payout ratio is 48.00%.

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.