Dimensional Fund Advisors LP Has $240.49 Million Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

Dimensional Fund Advisors LP reduced its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,886,692 shares of the financial services provider's stock after selling 693,833 shares during the period. Dimensional Fund Advisors LP owned about 2.28% of Ally Financial worth $240,488,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. NBC Securities Inc. purchased a new position in Ally Financial during the third quarter valued at approximately $26,000. Northwest Financial Advisors acquired a new position in shares of Ally Financial in the fourth quarter worth $31,000. Harvest Fund Management Co. Ltd raised its holdings in shares of Ally Financial by 337.8% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,563 shares of the financial services provider's stock worth $42,000 after acquiring an additional 1,206 shares in the last quarter. Friedenthal Financial acquired a new stake in Ally Financial during the fourth quarter valued at $50,000. Finally, Rakuten Securities Inc. acquired a new stake in Ally Financial during the fourth quarter valued at $67,000. 88.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets raised their price target on Ally Financial from $36.00 to $37.00 and gave the stock a "market perform" rating in a research note on Friday, April 19th. Wells Fargo & Company raised their price target on shares of Ally Financial from $29.00 to $33.00 and gave the company an "underweight" rating in a report on Wednesday, April 10th. The Goldman Sachs Group reissued a "buy" rating on shares of Ally Financial in a research report on Thursday, February 1st. Bank of America raised Ally Financial from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $42.00 to $46.00 in a research report on Tuesday, April 9th. Finally, Morgan Stanley raised Ally Financial from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $37.00 to $47.00 in a report on Thursday, February 8th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $38.47.

Ally Financial Price Performance

Shares of NYSE:ALLY traded up $1.12 on Tuesday, hitting $40.78. The stock had a trading volume of 4,653,391 shares, compared to its average volume of 3,793,711. Ally Financial Inc. has a twelve month low of $22.54 and a twelve month high of $41.56. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.92 and a current ratio of 0.92. The firm's 50 day moving average price is $38.65 and its 200-day moving average price is $34.68. The company has a market capitalization of $12.40 billion, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 0.48 and a beta of 1.39.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.12. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. The firm's quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS. On average, equities research analysts predict that Ally Financial Inc. will post 3 earnings per share for the current year.

Ally Financial Announces Dividend

The business 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 dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.20 annualized dividend and a yield of 2.94%. Ally Financial's dividend payout ratio (DPR) is 48.98%.

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.