Ally Financial Inc. (NYSE:ALLY) Shares Sold by Lindbrook Capital LLC

Lindbrook Capital LLC cut its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 12.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,261 shares of the financial services provider’s stock after selling 632 shares during the period. Lindbrook Capital LLC’s holdings in Ally Financial were worth $149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Ally Financial by 1.0% during 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 purchasing an additional 290,842 shares during the period. Bank of New York Mellon Corp lifted its position in Ally Financial by 47.5% during 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 purchasing an additional 1,165,220 shares during the period. FMR LLC increased its holdings in Ally Financial by 47.1% in the third quarter. FMR LLC now owns 3,316,501 shares of the financial services provider’s stock valued at $88,484,000 after buying an additional 1,061,651 shares in the last quarter. Northern Trust Corp increased its holdings in Ally Financial by 34.2% in the third quarter. Northern Trust Corp now owns 3,122,515 shares of the financial services provider’s stock valued at $83,309,000 after buying an additional 795,754 shares in the last quarter. Finally, AustralianSuper Pty Ltd increased its holdings in Ally Financial by 15.7% in the fourth quarter. AustralianSuper Pty Ltd now owns 2,610,685 shares of the financial services provider’s stock valued at $91,165,000 after buying an additional 353,344 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Ally Financial Stock Down 0.1 %

Shares of NYSE ALLY opened at $39.72 on Wednesday. Ally Financial Inc. has a 12-month low of $22.54 and a 12-month high of $41.56. The stock has a market cap of $12.07 billion, a PE ratio of 16.21, a P/E/G ratio of 0.58 and a beta of 1.40. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.50. The company has a 50-day moving average of $37.85 and a 200 day moving average of $33.23.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.12. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. Ally Financial’s revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.82 EPS. As a group, sell-side analysts predict that Ally Financial Inc. will post 2.9 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.30 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $1.20 annualized dividend and a yield of 3.02%. Ally Financial’s payout ratio is 48.98%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. BMO Capital Markets lifted their price objective on shares of Ally Financial from $36.00 to $37.00 and gave the company a “market perform” rating in a report on Friday, April 19th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ally Financial in a report on Wednesday, January 10th. They issued a “buy” rating and a $47.00 price objective for the company. Morgan Stanley raised shares of Ally Financial from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $37.00 to $47.00 in a report on Thursday, February 8th. Raymond James cut shares of Ally Financial from a “market perform” rating to an “underperform” rating in a report on Friday, January 5th. Finally, Compass Point lifted their price objective on shares of Ally Financial from $28.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $38.47.

Ally Financial 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.