Ally Financial Inc. (NYSE:ALLY) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its holdings in Ally Financial Inc. (NYSE:ALLY) by 11.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,697,795 shares of the financial services provider’s stock after purchasing an additional 987,489 shares during the period. Dimensional Fund Advisors LP owned about 3.19% of Ally Financial worth $384,715,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ALLY. BNP Paribas Financial Markets grew its position in Ally Financial by 133.6% in the fourth quarter. BNP Paribas Financial Markets now owns 95,397 shares of the financial services provider’s stock worth $3,331,000 after buying an additional 54,562 shares during the last quarter. Avantax Advisory Services Inc. raised its position in shares of Ally Financial by 10.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 17,835 shares of the financial services provider’s stock worth $623,000 after purchasing an additional 1,749 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Ally Financial by 3.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 35,909 shares of the financial services provider’s stock worth $1,254,000 after purchasing an additional 1,126 shares during the period. Norges Bank purchased a new stake in shares of Ally Financial during the fourth quarter valued at $62,869,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Ally Financial in the 4th quarter valued at $459,000. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Price Performance

Shares of NYSE:ALLY opened at $33.05 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.39. Ally Financial Inc. has a 1 year low of $22.54 and a 1 year high of $45.46. The business has a fifty day simple moving average of $41.15 and a 200 day simple moving average of $39.72. The firm has a market cap of $10.05 billion, a price-to-earnings ratio of 13.49, a P/E/G ratio of 0.32 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.33. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the company earned $0.96 earnings per share. Ally Financial’s quarterly revenue was down 3.8% compared to the same quarter last year. As a group, sell-side analysts predict that Ally Financial Inc. will post 3.51 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.20 annualized dividend and a yield of 3.63%. Ally Financial’s dividend payout ratio (DPR) is currently 48.98%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ALLY. Bank of America reduced their price objective on shares of Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Ally Financial from $51.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, July 1st. Barclays cut their target price on shares of Ally Financial from $44.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 12th. Keefe, Bruyette & Woods decreased their target price on Ally Financial from $50.00 to $44.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Evercore ISI lifted their price target on Ally Financial from $43.00 to $45.00 and gave the company an “in-line” rating in a report on Tuesday, June 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ally Financial presently has an average rating of “Hold” and an average price target of $41.41.

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.