California Public Employees Retirement System boosted its holdings in Ally Financial Inc (NYSE:ALLY) by 3.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,553,928 shares of the financial services provider’s stock after acquiring an additional 50,928 shares during the quarter. California Public Employees Retirement System owned 0.35% of Ally Financial worth $37,698,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tiedemann Wealth Management LLC lifted its position in Ally Financial by 70.4% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 20,169 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 8,332 shares in the last quarter. Toronto Dominion Bank lifted its position in Ally Financial by 23.0% in the 2nd quarter. Toronto Dominion Bank now owns 5,714 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 1,070 shares in the last quarter. Capital Management Associates NY bought a new position in Ally Financial in the 3rd quarter valued at about $203,000. Capstone Asset Management Co. bought a new position in Ally Financial in the 2nd quarter valued at about $208,000. Finally, Twin Tree Management LP bought a new position in Ally Financial in the 2nd quarter valued at about $215,000.

Shares of Ally Financial Inc (NYSE:ALLY) opened at $28.70 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 3.32. The company has a market cap of $12,600.09, a P/E ratio of 12.66, a P/E/G ratio of 2.51 and a beta of 1.46. Ally Financial Inc has a 1-year low of $18.11 and a 1-year high of $29.34.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.08. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Ally Financial had a net margin of 14.75% and a return on equity of 7.72%. During the same quarter in the previous year, the firm posted $0.56 EPS. analysts expect that Ally Financial Inc will post 2.27 earnings per share for the current fiscal year.

Several research firms have commented on ALLY. Jefferies Group reissued a “buy” rating and set a $28.00 target price on shares of Ally Financial in a research report on Wednesday, August 23rd. BMO Capital Markets reissued a “buy” rating and set a $26.00 target price on shares of Ally Financial in a research report on Friday, August 25th. Piper Jaffray Companies reissued a “buy” rating on shares of Ally Financial in a research report on Friday, September 1st. ValuEngine raised shares of Ally Financial from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 22nd. Finally, Zacks Investment Research raised shares of Ally Financial from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $28.00.

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About Ally Financial

Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.

Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

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