RBF Capital LLC Trims Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

RBF Capital LLC lowered its holdings in Ally Financial Inc. (NYSE:ALLY) by 7.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 130,000 shares of the financial services provider’s stock after selling 10,000 shares during the period. RBF Capital LLC’s holdings in Ally Financial were worth $4,627,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Point72 Asset Management L.P. bought a new stake in shares of Ally Financial during the 3rd quarter valued at $21,571,000. Investment Management Corp of Ontario grew its holdings in Ally Financial by 49.3% during the 3rd quarter. Investment Management Corp of Ontario now owns 9,090 shares of the financial services provider’s stock valued at $324,000 after buying an additional 3,000 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Ally Financial by 217.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider’s stock valued at $81,260,000 after buying an additional 1,563,008 shares during the period. HITE Hedge Asset Management LLC purchased a new stake in shares of Ally Financial in the third quarter worth about $1,720,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in shares of Ally Financial in the third quarter valued at approximately $4,635,000. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on ALLY shares. Citigroup increased their target price on shares of Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Morgan Stanley lowered their price objective on Ally Financial from $45.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. BTIG Research downgraded Ally Financial from a “buy” rating to a “neutral” rating in a research report on Monday, September 16th. Wells Fargo & Company cut their price objective on Ally Financial from $37.00 to $32.00 and set an “underweight” rating for the company in a report on Thursday, September 26th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Ally Financial in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $40.80.

Ally Financial Stock Performance

NYSE ALLY opened at $38.83 on Thursday. The company has a 50-day simple moving average of $36.18 and a two-hundred day simple moving average of $38.61. Ally Financial Inc. has a 12-month low of $29.05 and a 12-month high of $45.46. The firm has a market cap of $11.83 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 0.47 and a beta of 1.42. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.36.

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

Ally Financial Dividend Announcement

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 $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.09%. The ex-dividend date was Friday, November 1st. Ally Financial’s payout ratio is 48.00%.

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.