87,976 Shares of Ally Financial Inc. $ALLY Bought by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP bought a new stake in Ally Financial Inc. (NYSE:ALLY - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 87,976 shares of the financial services provider's stock, valued at approximately $3,326,000.

Several other hedge funds have also modified their holdings of the stock. Brighton Jones LLC raised its holdings in shares of Ally Financial by 17.7% during the third quarter. Brighton Jones LLC now owns 16,777 shares of the financial services provider's stock valued at $631,000 after buying an additional 2,519 shares during the last quarter. Pictet Asset Management Holding SA grew its position in Ally Financial by 3.4% in the third quarter. Pictet Asset Management Holding SA now owns 42,886 shares of the financial services provider's stock worth $1,613,000 after buying an additional 1,403 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in shares of Ally Financial by 2.1% in the third quarter. Kestra Advisory Services LLC now owns 13,866 shares of the financial services provider's stock valued at $522,000 after buying an additional 284 shares in the last quarter. Inscription Capital LLC increased its holdings in shares of Ally Financial by 29.7% in the third quarter. Inscription Capital LLC now owns 8,447 shares of the financial services provider's stock valued at $318,000 after buying an additional 1,932 shares in the last quarter. Finally, Kestra Private Wealth Services LLC increased its holdings in shares of Ally Financial by 0.3% in the third quarter. Kestra Private Wealth Services LLC now owns 235,464 shares of the financial services provider's stock valued at $8,858,000 after buying an additional 619 shares in the last quarter. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALLY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft set a $56.00 price objective on shares of Ally Financial in a research report on Wednesday, October 21st. Wells Fargo & Company downgraded shares of Ally Financial from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $55.00 to $42.00 in a research report on Wednesday, September 30th. Zacks Research lowered shares of Ally Financial from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 13th. Evercore set a $40.00 price target on shares of Ally Financial in a research note on Wednesday, October 21st. Finally, JPMorgan Chase & Co. raised their price target on shares of Ally Financial from $43.00 to $44.00 and gave the company an "overweight" rating in a report on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Ally Financial has a consensus rating of "Moderate Buy" and a consensus price target of $47.93.

Insider Activity at Ally Financial

In other news, insider Kathleen Patterson sold 12,831 shares of the business's stock in a transaction on Wednesday, October 21st. The shares were sold at an average price of $38.65, for a total value of $495,918.15. Following the completion of the sale, the insider directly owned 67,781 shares in the company, valued at approximately $2,619,735.65. The trade was a 15.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.46% of the stock is currently owned by corporate insiders.

Ally Financial Stock Performance

Shares of NYSE ALLY opened at $38.59 on Tuesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.93 and a current ratio of 0.94. The firm has a market cap of $11.58 billion, a price-to-earnings ratio of 8.29, a P/E/G ratio of 0.33 and a beta of 1.17. The business's 50-day simple moving average is $39.30 and its 200-day simple moving average is $41.78. Ally Financial Inc. has a 52 week low of $35.92 and a 52 week high of $47.29.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $1.34 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.01. Ally Financial had a return on equity of 12.11% and a net margin of 16.84%. The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same period last year, the business earned $1.15 EPS. The firm's revenue was up 6.1% compared to the same quarter last year. As a group, equities research analysts expect that Ally Financial Inc. will post 4.99 earnings per share for the current fiscal year.

Ally Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be given a $0.35 dividend. This is a positive change from Ally Financial's previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, November 2nd. Ally Financial's payout ratio is 32.11%.

Ally Financial Company Profile

Ally Financial Inc is a U.S. digital financial services company and bank holding company. Its primary businesses include automotive finance and consumer banking, with products and services offered through digital channels and a network of auto dealerships.

Through its automotive finance operations, Ally provides loans and leases to vehicle buyers, financing to dealerships, and related services. Ally Bank offers consumer deposit products, including checking accounts, savings accounts and certificates of deposit, as well as lending products.

The company traces its history to the founding of General Motors Acceptance Corporation (GMAC) in 1919.

Want to see what other hedge funds are holding ALLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ally Financial Inc. (NYSE:ALLY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.