Public Employees Retirement System of Ohio raised its position in shares of Ally Financial Inc (NYSE:ALLY) by 28.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 217,973 shares of the financial services provider’s stock after purchasing an additional 48,525 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Ally Financial were worth $7,228,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Usca Ria LLC acquired a new stake in shares of Ally Financial during the third quarter worth approximately $32,000. Liberty Wealth Management LLC purchased a new position in Ally Financial during the third quarter valued at approximately $37,000. Steward Partners Investment Advisory LLC acquired a new position in Ally Financial in the 2nd quarter valued at approximately $49,000. SG3 Management LLC acquired a new position in Ally Financial in the 2nd quarter valued at approximately $73,000. Finally, Parallel Advisors LLC increased its stake in Ally Financial by 28.2% in the 3rd quarter. Parallel Advisors LLC now owns 2,507 shares of the financial services provider’s stock valued at $83,000 after buying an additional 551 shares during the period. Institutional investors own 95.21% of the company’s stock.

NYSE ALLY opened at $31.51 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 2.47. The stock has a market capitalization of $12.10 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. Ally Financial Inc has a 12-month low of $20.60 and a 12-month high of $35.42. The company has a 50 day moving average price of $31.28 and a two-hundred day moving average price of $31.39.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.03. The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.57 billion. Ally Financial had a net margin of 26.29% and a return on equity of 10.69%. Ally Financial’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.91 EPS. As a group, equities analysts anticipate that Ally Financial Inc will post 3.74 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Thursday, October 31st. Ally Financial’s dividend payout ratio is presently 20.36%.

In other Ally Financial news, CAO David J. Debrunner sold 2,222 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $30.90, for a total transaction of $68,659.80. Following the transaction, the chief accounting officer now directly owns 96,869 shares of the company’s stock, valued at $2,993,252.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.35% of the company’s stock.

A number of equities research analysts have issued reports on the stock. ValuEngine lowered shares of Ally Financial from a “sell” rating to a “strong sell” rating in a research note on Monday, November 11th. Barclays upped their price target on shares of Ally Financial from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. Citigroup cut their price objective on Ally Financial from $39.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, October 17th. JPMorgan Chase & Co. lowered Ally Financial from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $35.00 to $33.00 in a report on Tuesday, October 8th. Finally, Stephens raised Ally Financial from an “equal” rating to a “weight” rating and lifted their price objective for the company from $37.00 to $44.00 in a research report on Monday, September 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. Ally Financial has an average rating of “Hold” and a consensus target price of $36.58.

About Ally Financial

Ally Financial Inc provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates through 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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