Thrivent Financial for Lutherans Lowers Holdings in Ally Financial Inc. (NYSE:ALLY)

Thrivent Financial for Lutherans trimmed its position in shares of Ally Financial Inc. (NYSE:ALLY) by 20.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,390,308 shares of the financial services provider’s stock after selling 1,104,636 shares during the quarter. Thrivent Financial for Lutherans owned about 1.44% of Ally Financial worth $156,251,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. US Bancorp DE grew its holdings in shares of Ally Financial by 5.1% during the first quarter. US Bancorp DE now owns 16,297 shares of the financial services provider’s stock valued at $661,000 after buying an additional 793 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Ally Financial by 17.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 159,405 shares of the financial services provider’s stock valued at $6,470,000 after purchasing an additional 23,803 shares during the last quarter. Blair William & Co. IL increased its holdings in shares of Ally Financial by 107.0% in the 1st quarter. Blair William & Co. IL now owns 20,019 shares of the financial services provider’s stock worth $813,000 after purchasing an additional 10,350 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of Ally Financial in the first quarter worth $511,000. Finally, Intech Investment Management LLC lifted its holdings in shares of Ally Financial by 54.0% during the first quarter. Intech Investment Management LLC now owns 10,614 shares of the financial services provider’s stock valued at $431,000 after purchasing an additional 3,720 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Price Performance

NYSE ALLY opened at $36.22 on Friday. Ally Financial Inc. has a 52 week low of $26.50 and a 52 week high of $45.46. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $11.04 billion, a P/E ratio of 14.49, a price-to-earnings-growth ratio of 0.43 and a beta of 1.40. The stock’s 50-day moving average price is $35.14 and its 200-day moving average price is $38.75.

Ally Financial (NYSE:ALLY) last released its 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. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.83 EPS. On average, equities research analysts predict that Ally Financial Inc. will post 3 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date was Friday, November 1st. Ally Financial’s dividend payout ratio (DPR) is 48.00%.

Analysts Set New Price Targets

Several research firms recently commented on ALLY. JPMorgan Chase & Co. upgraded Ally Financial from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $46.00 to $40.00 in a report on Monday, October 7th. StockNews.com upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. Keefe, Bruyette & Woods cut their target price on shares of Ally Financial from $50.00 to $44.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. Evercore ISI decreased their target price on shares of Ally Financial from $47.00 to $38.00 and set an “in-line” rating for the company in a research note on Monday, October 7th. Finally, Citigroup raised their price target on Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $40.69.

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.