Swedbank AB Has $5.99 Million Holdings in Ally Financial Inc. (NYSE:ALLY)

Swedbank AB cut its position in shares of Ally Financial Inc. (NYSE:ALLY) by 1.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,179 shares of the financial services provider’s stock after selling 1,923 shares during the period. Swedbank AB owned 0.06% of Ally Financial worth $5,985,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Boston Partners acquired a new position in Ally Financial during the first quarter worth $152,079,000. Jennison Associates LLC acquired a new position in shares of Ally Financial during the 1st quarter valued at about $52,252,000. Wedge Capital Management L L P NC raised 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 acquiring an additional 1,191,529 shares in the last quarter. Delta Global Management LP lifted its holdings in Ally Financial by 3,262.3% in the 1st quarter. Delta Global Management LP now owns 1,035,994 shares of the financial services provider’s stock worth $42,051,000 after purchasing an additional 1,005,182 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Ally Financial by 11.3% during the second quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider’s stock worth $384,715,000 after purchasing an additional 987,489 shares during the period. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ALLY. StockNews.com upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Saturday. Morgan Stanley decreased their price target on shares of Ally Financial from $49.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. Royal Bank of Canada dropped their price objective on Ally Financial from $49.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, September 12th. TD Cowen decreased their target price on Ally Financial from $45.00 to $37.00 and set a “hold” rating for the company in a research note on Monday, September 23rd. Finally, Keefe, Bruyette & Woods dropped their price target on Ally Financial from $50.00 to $44.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $40.63.

Ally Financial Price Performance

Shares of Ally Financial stock opened at $35.01 on Friday. Ally Financial Inc. has a twelve month low of $22.54 and a twelve month high of $45.46. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.91 and a current ratio of 0.92. The firm has a market cap of $10.64 billion, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 0.42 and a beta of 1.39. The firm’s 50-day simple moving average is $37.62 and its 200-day simple moving average is $39.12.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.33. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. The company’s revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.96 EPS. As a group, research analysts expect that Ally Financial Inc. will post 2.87 EPS for the current fiscal year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Friday, November 1st. Ally Financial’s dividend payout ratio (DPR) is 48.98%.

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.