Los Angeles Capital Management LLC Purchases Shares of 57,832 Ally Financial Inc. (NYSE:ALLY)

Los Angeles Capital Management LLC acquired a new stake in Ally Financial Inc. (NYSE:ALLY - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 57,832 shares of the financial services provider's stock, valued at approximately $2,019,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Ally Financial by 1.0% in the third quarter. Vanguard Group Inc. now owns 28,009,495 shares of the financial services provider's stock valued at $747,293,000 after buying an additional 290,842 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Ally Financial by 47.5% in the third quarter. Bank of New York Mellon Corp now owns 3,620,655 shares of the financial services provider's stock valued at $96,599,000 after buying an additional 1,165,220 shares during the period. FMR LLC increased its stake in Ally Financial by 47.1% during the third quarter. FMR LLC now owns 3,316,501 shares of the financial services provider's stock valued at $88,484,000 after acquiring an additional 1,061,651 shares during the period. Northern Trust Corp raised its holdings in Ally Financial by 34.2% in the 3rd quarter. Northern Trust Corp now owns 3,122,515 shares of the financial services provider's stock valued at $83,309,000 after acquiring an additional 795,754 shares in the last quarter. Finally, Donald Smith & CO. Inc. lifted its position in shares of Ally Financial by 22.0% in the 4th quarter. Donald Smith & CO. Inc. now owns 2,752,830 shares of the financial services provider's stock worth $96,129,000 after acquiring an additional 495,584 shares during the period. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on ALLY shares. TD Cowen boosted their price target on shares of Ally Financial from $42.00 to $43.00 and gave the company a "hold" rating in a report on Friday, April 19th. StockNews.com raised Ally Financial from a "sell" rating to a "hold" rating in a report on Friday, April 26th. Compass Point raised their target price on Ally Financial from $28.00 to $37.00 and gave the stock a "neutral" rating in a research report on Thursday, April 11th. Royal Bank of Canada reiterated an "outperform" rating and issued a $40.00 price target on shares of Ally Financial in a research report on Monday, January 22nd. Finally, Bank of America raised Ally Financial from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $42.00 to $46.00 in a report on Tuesday, April 9th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $38.47.

Ally Financial Trading Down 1.3 %

Shares of Ally Financial stock traded down $0.50 during trading on Tuesday, hitting $39.40. The company's stock had a trading volume of 2,213,574 shares, compared to its average volume of 3,884,381. The stock has a market cap of $11.98 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 0.57 and a beta of 1.39. The stock has a 50-day moving average price of $38.37 and a two-hundred day moving average price of $34.12. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.92. Ally Financial Inc. has a 52 week low of $22.54 and a 52 week high of $41.56.

Ally Financial (NYSE:ALLY - Get Free Report) last released its earnings results on Thursday, April 18th. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.12. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the firm posted $0.82 EPS. The company's revenue for the quarter was down 5.4% compared to the same quarter last year. Equities research analysts anticipate that Ally Financial Inc. will post 2.99 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.05%. The ex-dividend date is Tuesday, April 30th. Ally Financial's payout ratio is currently 48.98%.

About Ally Financial

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.