58,700 Shares in Ally Financial Inc. (NYSE:ALLY) Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Ally Financial Inc. (NYSE:ALLY) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 58,700 shares of the financial services provider’s stock, valued at approximately $2,089,000.

Several other institutional investors have also recently made changes to their positions in ALLY. Allspring Global Investments Holdings LLC lifted its holdings in shares of Ally Financial by 510.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 526 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Ally Financial by 153.9% in the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock valued at $34,000 after buying an additional 577 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Ally Financial during the second quarter valued at about $41,000. Hobbs Group Advisors LLC bought a new stake in shares of Ally Financial during the second quarter worth about $52,000. Finally, First Community Trust NA acquired a new stake in shares of Ally Financial in the 2nd quarter worth about $53,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ALLY shares. Keefe, Bruyette & Woods decreased their price objective on Ally Financial from $50.00 to $44.00 and set an “outperform” rating for the company in a report on Monday, September 16th. JPMorgan Chase & Co. upgraded Ally Financial from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $46.00 to $40.00 in a report on Monday, October 7th. BTIG Research cut Ally Financial from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. Royal Bank of Canada reiterated an “outperform” rating and issued a $40.00 target price on shares of Ally Financial in a research note on Monday, October 21st. Finally, Evercore ISI dropped their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Ally Financial has an average rating of “Hold” and a consensus price target of $40.80.

Ally Financial Stock Performance

NYSE:ALLY opened at $39.98 on Monday. Ally Financial Inc. has a 1 year low of $28.99 and a 1 year 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. The business has a fifty day simple moving average of $35.90 and a two-hundred day simple moving average of $38.62. The company has a market capitalization of $12.18 billion, a P/E ratio of 15.99, a P/E/G ratio of 0.47 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 earnings per share (EPS) 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 analysts’ expectations of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.83 EPS. On average, analysts expect that Ally Financial Inc. will post 3 earnings per share for the current year.

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend was Friday, November 1st. Ally Financial’s dividend payout ratio (DPR) is presently 48.00%.

About Ally Financial

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.