Versor Investments LP Invests $1.20 Million in Ally Financial Inc. (NYSE:ALLY)

Versor Investments LP acquired a new position in Ally Financial Inc. (NYSE:ALLY) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 33,700 shares of the financial services provider’s stock, valued at approximately $1,199,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ALLY. Boston Partners bought a new position in shares of Ally Financial during the first quarter valued at $152,079,000. Wedge Capital Management L L P NC grew its stake in shares of Ally Financial by 584.7% in the third quarter. Wedge Capital Management L L P NC now owns 1,395,308 shares of the financial services provider’s stock worth $49,659,000 after acquiring an additional 1,191,529 shares during the period. Delta Global Management LP raised its holdings in shares of Ally Financial by 3,262.3% during the first quarter. Delta Global Management LP now owns 1,035,994 shares of the financial services provider’s stock valued at $42,051,000 after purchasing an additional 1,005,182 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Ally Financial by 11.3% during the second quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider’s stock valued at $384,715,000 after purchasing an additional 987,489 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in Ally Financial by 2,088.2% in the third quarter. Assenagon Asset Management S.A. now owns 728,864 shares of the financial services provider’s stock worth $25,940,000 after purchasing an additional 695,555 shares during the last quarter. 88.76% of the stock is owned by institutional investors.

Ally Financial Stock Down 0.1 %

Shares of NYSE ALLY opened at $37.54 on Tuesday. The stock has a market capitalization of $11.44 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 0.45 and a beta of 1.40. Ally Financial Inc. has a 12-month low of $25.23 and a 12-month high of $45.46. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. The firm’s 50-day moving average price is $35.62 and its 200-day moving average price is $38.83.

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

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Friday, November 1st. Ally Financial’s payout ratio is currently 48.00%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ALLY. JPMorgan Chase & Co. upgraded Ally Financial from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $46.00 to $40.00 in a research note on Monday, October 7th. Morgan Stanley reduced their price target on shares of Ally Financial from $45.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Keefe, Bruyette & Woods dropped their price objective on shares of Ally Financial from $50.00 to $44.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. Barclays reduced their price target on Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a research report on Thursday, September 12th. Finally, Evercore ISI cut their price objective on 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $40.38.

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.