GAMMA Investing LLC Has $84,000 Stock Position in Ally Financial Inc. (NYSE:ALLY)

GAMMA Investing LLC lessened its holdings in Ally Financial Inc. (NYSE:ALLY) by 21.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,343 shares of the financial services provider’s stock after selling 653 shares during the period. GAMMA Investing LLC’s holdings in Ally Financial were worth $84,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ALLY. State Street Corp raised its stake in shares of Ally Financial by 0.5% in the third quarter. State Street Corp now owns 10,704,719 shares of the financial services provider’s stock worth $380,981,000 after purchasing an additional 51,426 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Ally Financial by 11.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider’s stock valued at $384,715,000 after buying an additional 987,489 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Ally Financial by 217.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider’s stock valued at $81,260,000 after acquiring an additional 1,563,008 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Ally Financial by 19.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,106,589 shares of the financial services provider’s stock worth $74,974,000 after acquiring an additional 344,543 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Ally Financial by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 1,672,812 shares of the financial services provider’s stock worth $59,535,000 after acquiring an additional 75,080 shares in the last quarter. Institutional investors own 88.76% of the company’s stock.

Ally Financial Trading Down 4.0 %

NYSE:ALLY opened at $34.17 on Friday. The company has a market cap of $10.41 billion, a P/E ratio of 13.67, a P/E/G ratio of 0.46 and a beta of 1.44. Ally Financial Inc. has a 1 year low of $31.77 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 stock’s fifty day moving average price is $36.87 and its two-hundred day moving average price is $38.09.

Ally Financial (NYSE:ALLY) last issued its earnings results on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the company earned $0.83 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. As a group, analysts expect that Ally Financial Inc. will post 3 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on ALLY shares. JPMorgan Chase & Co. boosted their price target on shares of Ally Financial from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Wells Fargo & Company cut their target price on Ally Financial from $37.00 to $32.00 and set an “underweight” rating on the stock in a research note on Thursday, September 26th. Evercore ISI decreased their price target on Ally Financial from $47.00 to $38.00 and set an “in-line” rating for the company in a research report on Monday, October 7th. Barclays lifted their price target on Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods upped their price objective on Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $42.67.

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.