Unigestion Holding SA Decreases Holdings in Ally Financial Inc (ALLY)

Unigestion Holding SA reduced its stake in Ally Financial Inc (NYSE:ALLY) by 48.0% during the 3rd quarter, Holdings Channel reports. The firm owned 638,951 shares of the financial services provider’s stock after selling 590,049 shares during the period. Unigestion Holding SA’s holdings in Ally Financial were worth $16,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new position in shares of Ally Financial in the second quarter valued at about $149,000. NEXT Financial Group Inc acquired a new stake in Ally Financial during the third quarter worth about $153,000. NumerixS Investment Technologies Inc acquired a new stake in Ally Financial during the second quarter worth about $159,000. Legacy Financial Advisors Inc. grew its stake in Ally Financial by 58.1% during the third quarter. Legacy Financial Advisors Inc. now owns 6,152 shares of the financial services provider’s stock worth $162,000 after buying an additional 2,261 shares in the last quarter. Finally, Dakota Wealth Management acquired a new stake in Ally Financial during the second quarter worth about $248,000. Institutional investors and hedge funds own 98.73% of the company’s stock.

A number of brokerages have issued reports on ALLY. ValuEngine downgraded shares of Ally Financial from a “hold” rating to a “sell” rating in a research note on Friday, November 2nd. Piper Jaffray Companies set a $34.00 price objective on shares of Ally Financial and gave the stock a “buy” rating in a research note on Monday, October 29th. Nomura reduced their price objective on shares of Ally Financial from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Friday, October 26th. Oppenheimer set a $32.00 price objective on shares of Ally Financial and gave the stock a “buy” rating in a research note on Thursday, October 25th. Finally, Zacks Investment Research downgraded shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, September 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $32.72.

ALLY stock opened at $26.29 on Friday. The stock has a market capitalization of $10.70 billion, a PE ratio of 11.00, a P/E/G ratio of 0.63 and a beta of 1.23. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.18 and a quick ratio of 1.18. Ally Financial Inc has a 12 month low of $23.69 and a 12 month high of $31.29.

Ally Financial (NYSE:ALLY) last posted its earnings results on Thursday, October 25th. The financial services provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Ally Financial had a net margin of 16.87% and a return on equity of 10.25%. As a group, analysts anticipate that Ally Financial Inc will post 3.24 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be issued a $0.15 dividend. The ex-dividend date is Wednesday, October 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.28%. Ally Financial’s dividend payout ratio (DPR) is currently 25.10%.

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Ally Financial Company Profile

Ally Financial Inc provides various financial products and services for consumers, businesses, automotive dealers, and corporate clients in the United States and Canada. The company operates 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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