Great West Life Assurance Co. Can decreased its stake in Ally Financial Inc (NYSE:ALLY) by 5.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 467,360 shares of the financial services provider’s stock after selling 25,579 shares during the period. Great West Life Assurance Co. Can owned 0.11% of Ally Financial worth $12,366,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Tower Research Capital LLC TRC acquired a new stake in Ally Financial during the second quarter worth approximately $149,000. NEXT Financial Group Inc acquired a new stake in Ally Financial during the third quarter worth approximately $153,000. NumerixS Investment Technologies Inc acquired a new stake in Ally Financial during the second quarter worth approximately $159,000. Legacy Financial Advisors Inc. grew its stake in Ally Financial by 58.1% during the third quarter. Legacy Financial Advisors Inc. now owns 6,152 shares of the financial services provider’s stock worth $162,000 after purchasing an additional 2,261 shares during the period. Finally, Dakota Wealth Management acquired a new stake in Ally Financial during the second quarter worth approximately $248,000. 98.90% of the stock is owned by institutional investors.

In other Ally Financial news, CAO David J. Debrunner sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $26.35, for a total value of $658,750.00. Following the transaction, the chief accounting officer now owns 102,155 shares in the company, valued at $2,691,784.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.15% of the stock is currently owned by corporate insiders.

Shares of NYSE:ALLY opened at $25.11 on Thursday. The company has a market capitalization of $10.37 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 0.61 and a beta of 1.23. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.18 and a current ratio of 1.18. Ally Financial Inc has a 52-week low of $23.69 and a 52-week high of $31.29.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. Ally Financial had a return on equity of 10.25% and a net margin of 16.87%. Equities research analysts anticipate that Ally Financial Inc will post 3.24 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st were issued a $0.15 dividend. The ex-dividend date was Wednesday, October 31st. This represents a $0.60 annualized dividend and a yield of 2.39%. Ally Financial’s payout ratio is currently 25.10%.

Several equities research analysts recently commented on ALLY shares. Zacks Investment Research cut Ally Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 11th. Oppenheimer set a $35.00 target price on Ally Financial and gave the stock a “buy” rating in a research note on Thursday, October 4th. Nomura decreased their target price on Ally Financial from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, October 26th. ValuEngine cut Ally Financial from a “hold” rating to a “sell” rating in a research note on Saturday, October 27th. Finally, Piper Jaffray Companies set a $34.00 target price on Ally Financial and gave the stock a “buy” rating in a research note on Monday, October 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $32.53.

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About Ally Financial

Ally Financial Inc provides various financial products and services for consumers, businesses, automotive dealers, and corporate clients in the United States and Canada. The company operates Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.

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

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