Quantbot Technologies LP Grows Stock Position in Ally Financial Inc. $ALLY

Quantbot Technologies LP increased its stake in Ally Financial Inc. (NYSE:ALLY) by 423.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 303,713 shares of the financial services provider’s stock after buying an additional 245,690 shares during the quarter. Quantbot Technologies LP owned about 0.10% of Ally Financial worth $11,830,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its stake in shares of Ally Financial by 19.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,029 shares of the financial services provider’s stock worth $274,000 after purchasing an additional 1,163 shares during the period. 111 Capital bought a new stake in Ally Financial in the second quarter worth about $490,000. Acadian Asset Management LLC lifted its stake in Ally Financial by 535.4% in the second quarter. Acadian Asset Management LLC now owns 933,988 shares of the financial services provider’s stock worth $36,372,000 after purchasing an additional 786,985 shares during the last quarter. Catalyst Funds Management Pty Ltd boosted its position in shares of Ally Financial by 101.8% during the second quarter. Catalyst Funds Management Pty Ltd now owns 30,270 shares of the financial services provider’s stock valued at $1,179,000 after buying an additional 15,270 shares during the period. Finally, AXQ Capital LP bought a new position in shares of Ally Financial during the second quarter valued at approximately $1,775,000. 88.76% of the stock is owned by hedge funds and other institutional investors.

Ally Financial Price Performance

ALLY opened at $41.43 on Tuesday. The company has a market capitalization of $12.76 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 0.28 and a beta of 1.22. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.31. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $44.83. The business’s fifty day simple moving average is $39.74 and its 200-day simple moving average is $39.07.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.99 earnings per share for the quarter. Ally Financial had a net margin of 8.10% and a return on equity of 9.96%. The company had revenue of $2.06 billion during the quarter. On average, equities research analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, October 31st. Ally Financial’s dividend payout ratio is presently 72.29%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ALLY shares. Morgan Stanley raised their price target on Ally Financial from $47.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Cowen upgraded Ally Financial from a “hold” rating to a “buy” rating in a research note on Monday, October 20th. Wall Street Zen lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. JPMorgan Chase & Co. upped their price target on shares of Ally Financial from $42.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, TD Cowen raised shares of Ally Financial from a “hold” rating to a “buy” rating and raised their price target for the stock from $43.00 to $50.00 in a research note on Monday, October 20th. Twelve investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ally Financial presently has a consensus rating of “Moderate Buy” and an average target price of $45.67.

Insider Activity

In other news, insider Kathleen L. Patterson sold 29,000 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $40.86, for a total transaction of $1,184,940.00. Following the transaction, the insider directly owned 100,203 shares in the company, valued at approximately $4,094,294.58. This trade represents a 22.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.56% of the company’s stock.

Ally Financial Company 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.