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

Lindbrook Capital LLC lowered its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 12.9% in the fourth quarter, Holdings Channel reports. The firm owned 4,261 shares of the financial services provider’s stock after selling 632 shares during the quarter. 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 large investors have also recently bought and sold shares of the business. AE Wealth Management LLC acquired a new stake in shares of Ally Financial in the 3rd quarter worth $368,000. DnB Asset Management AS lifted its stake in shares of Ally Financial by 6.6% in the 3rd quarter. DnB Asset Management AS now owns 49,548 shares of the financial services provider’s stock worth $1,322,000 after acquiring an additional 3,082 shares during the period. SG Americas Securities LLC lifted its stake in shares of Ally Financial by 53.1% in the 3rd quarter. SG Americas Securities LLC now owns 43,178 shares of the financial services provider’s stock worth $1,152,000 after acquiring an additional 14,972 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Ally Financial in the 3rd quarter worth $860,000. Finally, Denali Advisors LLC lifted its stake in shares of Ally Financial by 68.6% in the 3rd quarter. Denali Advisors LLC now owns 1,897 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 772 shares during the period. Institutional investors and hedge funds own 88.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on ALLY. StockNews.com upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $40.00 price objective on shares of Ally Financial in a research note on Monday, January 22nd. The Goldman Sachs Group reiterated a “buy” rating on shares of Ally Financial in a research note on Thursday, February 1st. Raymond James cut shares of Ally Financial from a “market perform” rating to an “underperform” rating in a research note on Friday, January 5th. Finally, Barclays raised their price objective on shares of Ally Financial from $32.00 to $43.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Ally Financial presently has a consensus rating of “Hold” and a consensus price target of $38.47.

Ally Financial Stock Performance

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

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.12. The business had revenue of $1.99 billion during 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 company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 earnings per share. On average, equities analysts anticipate that Ally Financial Inc. will post 2.9 earnings per share for the current year.

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors 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 dividend on an annualized basis and a yield of 3.02%. Ally Financial’s payout ratio is 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.