Oldfield Partners LLP Purchases 1,100 Shares of Ally Financial Inc. (NYSE:ALLY)

Oldfield Partners LLP grew its holdings in Ally Financial Inc. (NYSE:ALLY) by 3.7% during the third quarter, Holdings Channel.com reports. The firm owned 30,600 shares of the financial services provider’s stock after acquiring an additional 1,100 shares during the period. Ally Financial accounts for about 0.2% of Oldfield Partners LLP’s portfolio, making the stock its 21st largest position. Oldfield Partners LLP’s holdings in Ally Financial were worth $1,089,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in Ally Financial by 11.3% in the second quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider’s stock worth $384,715,000 after purchasing an additional 987,489 shares during the period. Boston Partners bought a new position in Ally Financial during the first quarter worth about $152,079,000. Bank of New York Mellon Corp grew its stake in Ally Financial by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 3,697,251 shares of the financial services provider’s stock valued at $146,670,000 after acquiring an additional 31,491 shares during the period. Donald Smith & CO. Inc. increased its holdings in shares of Ally Financial by 0.8% in the first quarter. Donald Smith & CO. Inc. now owns 2,774,487 shares of the financial services provider’s stock worth $112,616,000 after acquiring an additional 21,657 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd lifted its holdings in shares of Ally Financial by 90.9% during the 1st quarter. ANTIPODES PARTNERS Ltd now owns 1,529,093 shares of the financial services provider’s stock valued at $62,066,000 after purchasing an additional 727,966 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Analyst Ratings Changes

ALLY has been the subject of a number of research reports. Barclays lowered their target price 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. Morgan Stanley reduced their target price on shares of Ally Financial from $45.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday. StockNews.com raised Ally Financial from a “sell” rating to a “hold” rating in a research note on Saturday. Bank of America reduced their price objective on Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Finally, Evercore ISI dropped their target price on Ally Financial from $47.00 to $38.00 and set an “in-line” rating on the stock in a research report on Monday, October 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $40.38.

Ally Financial Stock Performance

NYSE ALLY opened at $34.67 on Tuesday. The firm’s 50 day simple moving average is $37.51 and its 200 day simple moving average is $39.10. The firm has a market capitalization of $10.54 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 0.42 and a beta of 1.39. 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.

Ally Financial (NYSE:ALLY) last announced its earnings results on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.57 by $0.38. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the business posted $0.83 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. As a group, research analysts expect that Ally Financial Inc. will post 2.87 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.30 dividend. The ex-dividend date is Friday, November 1st. This represents a $1.20 annualized dividend and a yield of 3.46%. Ally Financial’s payout ratio is 48.98%.

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.