MetLife Investment Management LLC Sells 2,385 Shares of Ally Financial Inc. (NYSE:ALLY)

MetLife Investment Management LLC cut its holdings in Ally Financial Inc. (NYSE:ALLY) by 1.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 143,425 shares of the financial services provider’s stock after selling 2,385 shares during the quarter. MetLife Investment Management LLC’s holdings in Ally Financial were worth $5,104,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ALLY. Allspring Global Investments Holdings LLC increased its holdings in shares of Ally Financial by 510.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock worth $25,000 after buying an additional 526 shares in the last quarter. Venturi Wealth Management LLC grew its position in Ally Financial by 153.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 577 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Ally Financial in the 2nd quarter worth about $41,000. Allworth Financial LP raised its position in Ally Financial by 41.9% in the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 421 shares during the last quarter. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of Ally Financial during the second quarter valued at about $52,000. Institutional investors own 88.76% of the company’s stock.

Ally Financial Price Performance

Ally Financial stock opened at $39.98 on Monday. The stock has a market capitalization of $12.18 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 0.47 and a beta of 1.40. Ally Financial Inc. has a 52-week low of $28.99 and a 52-week high of $45.46. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.92 and a current ratio of 0.92. The stock’s 50 day moving average price is $35.90 and its two-hundred day moving average price is $38.62.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.38. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period last year, the company posted $0.83 earnings per share. The business’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities analysts predict that Ally Financial Inc. will post 3 earnings per share for the current year.

Ally Financial Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently issued reports on ALLY. Barclays lowered their price objective on Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a research note on Thursday, September 12th. StockNews.com raised shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. Wells Fargo & Company reduced their price objective on shares of Ally Financial from $37.00 to $32.00 and set an “underweight” rating on the stock in a research note on Thursday, September 26th. Morgan Stanley lowered their target price on Ally Financial from $45.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Finally, Citigroup lifted their target price on Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $40.80.

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.