Lingohr & Partner Asset Management GmbH Purchases Shares of 20,500 Ally Financial Inc. (ALLY)

Lingohr & Partner Asset Management GmbH purchased a new stake in Ally Financial Inc. (NYSE:ALLY) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 20,500 shares of the financial services provider’s stock, valued at approximately $538,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Franklin Resources Inc. lifted its holdings in Ally Financial by 1.1% during the second quarter. Franklin Resources Inc. now owns 19,424,589 shares of the financial services provider’s stock worth $405,975,000 after buying an additional 209,001 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Ally Financial by 36.6% during the second quarter. Canada Pension Plan Investment Board now owns 9,244,175 shares of the financial services provider’s stock worth $193,203,000 after buying an additional 2,476,190 shares during the period. Bank of New York Mellon Corp lifted its holdings in Ally Financial by 28.3% during the second quarter. Bank of New York Mellon Corp now owns 8,569,466 shares of the financial services provider’s stock worth $179,101,000 after buying an additional 1,889,510 shares during the period. Wedge Capital Management L L P NC lifted its holdings in Ally Financial by 4.5% during the second quarter. Wedge Capital Management L L P NC now owns 7,536,055 shares of the financial services provider’s stock worth $157,504,000 after buying an additional 326,850 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Ally Financial by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 6,638,866 shares of the financial services provider’s stock worth $138,767,000 after buying an additional 274,814 shares during the period.

A number of analysts have weighed in on the company. Zacks Investment Research upgraded Ally Financial from a “sell” rating to a “hold” rating and set a $29.00 target price for the company in a report on Friday, October 27th. Morgan Stanley upped their target price on Ally Financial from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. BMO Capital Markets upped their target price on Ally Financial from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. Barclays PLC upped their price target on Ally Financial from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Thursday, October 26th. Finally, Credit Suisse Group upped their price target on Ally Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $26.93.

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Ally Financial Inc. (NYSE:ALLY) traded up $0.07 during midday trading on Monday, hitting $25.57. The company had a trading volume of 2,200,800 shares, compared to its average volume of 4,392,533. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.21 and a current ratio of 1.21. Ally Financial Inc. has a 52-week low of $17.83 and a 52-week high of $26.93. The firm has a market cap of $11,306.69, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 2.25 and a beta of 1.46.

Ally Financial (NYSE:ALLY) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.08. Ally Financial had a return on equity of 7.72% and a net margin of 14.75%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the firm earned $0.56 EPS. sell-side analysts predict that Ally Financial Inc. will post 2.27 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Tuesday, October 31st. Ally Financial’s payout ratio is 22.22%.

Ally Financial Company Profile

Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.

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Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

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