Victory Capital Management Inc. Purchases 198,282 Shares of Ally Financial Inc. (NYSE:ALLY)

Victory Capital Management Inc. lifted its position in Ally Financial Inc. (NYSE:ALLY) by 50.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 594,114 shares of the financial services provider’s stock after purchasing an additional 198,282 shares during the period. Victory Capital Management Inc. owned about 0.20% of Ally Financial worth $21,145,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in Ally Financial by 11.3% in the second quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider’s stock worth $384,715,000 after acquiring an additional 987,489 shares during the period. Boston Partners purchased a new stake in Ally Financial in the first quarter worth $152,079,000. Bank of New York Mellon Corp lifted its stake in Ally Financial by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 3,697,251 shares of the financial services provider’s stock worth $146,670,000 after acquiring an additional 31,491 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in Ally Financial by 7.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,615,663 shares of the financial services provider’s stock worth $57,501,000 after acquiring an additional 109,677 shares during the period. Finally, Employees Retirement System of Texas lifted its position in Ally Financial by 11.7% during the second quarter. Employees Retirement System of Texas now owns 1,489,200 shares of the financial services provider’s stock valued at $59,077,000 after buying an additional 156,200 shares during the period. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ALLY shares. Raymond James raised Ally Financial from an “underperform” rating to a “market perform” rating in a research report on Monday, October 21st. Barclays lowered their price objective on Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a research report on Thursday, September 12th. Evercore ISI lowered their price objective on Ally Financial from $47.00 to $38.00 and set an “in-line” rating for the company in a research report on Monday, October 7th. JPMorgan Chase & Co. raised Ally Financial from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $46.00 to $40.00 in a research report on Monday, October 7th. Finally, BTIG Research lowered Ally Financial from a “buy” rating to a “neutral” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $40.69.

Ally Financial Price Performance

NYSE ALLY opened at $35.70 on Tuesday. Ally Financial Inc. has a one year low of $26.50 and a one year high of $45.46. The stock has a 50-day moving average of $35.14 and a 200 day moving average of $38.75. The company has a market capitalization of $10.88 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 0.43 and a beta of 1.40. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.92 and a current ratio of 0.92.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.57 by $0.38. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. Ally Financial’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the company earned $0.83 EPS. On average, sell-side analysts forecast that Ally Financial Inc. will post 3 EPS for the current year.

Ally Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.30 per share. The ex-dividend date was Friday, November 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.36%. Ally Financial’s dividend payout ratio is currently 48.00%.

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.