Landscape Capital Management L.L.C. Makes New $250,000 Investment in Ally Financial Inc. (NYSE:ALLY)

Landscape Capital Management L.L.C. bought a new position in shares of Ally Financial Inc. (NYSE:ALLY) during the third quarter, Holdings Channel reports. The institutional investor bought 7,012 shares of the financial services provider’s stock, valued at approximately $250,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Intech Investment Management LLC raised its holdings in shares of Ally Financial by 50.8% during the third quarter. Intech Investment Management LLC now owns 16,001 shares of the financial services provider’s stock worth $569,000 after purchasing an additional 5,387 shares during the period. Jennison Associates LLC grew its position in shares of Ally Financial by 4.7% during the third quarter. Jennison Associates LLC now owns 1,672,812 shares of the financial services provider’s stock worth $59,535,000 after acquiring an additional 75,080 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Ally Financial by 1.9% during the third quarter. PNC Financial Services Group Inc. now owns 32,174 shares of the financial services provider’s stock worth $1,145,000 after acquiring an additional 598 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Ally Financial during the third quarter worth about $1,709,000. Finally, Banque Cantonale Vaudoise grew its position in shares of Ally Financial by 86.8% during the third quarter. Banque Cantonale Vaudoise now owns 36,772 shares of the financial services provider’s stock worth $1,309,000 after acquiring an additional 17,085 shares during the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.

Ally Financial Stock Performance

NYSE:ALLY opened at $38.98 on Tuesday. Ally Financial Inc. has a twelve month low of $26.50 and a twelve month high of $45.46. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. The company has a 50-day moving average of $35.47 and a 200-day moving average of $38.64. The firm has a market cap of $11.88 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 0.45 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.38. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the firm posted $0.83 EPS. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. Analysts forecast that Ally Financial Inc. will post 3 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently disclosed 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. This represents a $1.20 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Friday, November 1st. Ally Financial’s dividend payout ratio is presently 48.00%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Citigroup upped their price target on shares of Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Bank of America lowered their price target on shares of Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. BTIG Research lowered shares of Ally Financial from a “buy” rating to a “neutral” rating in a research report on Monday, September 16th. Royal Bank of Canada restated an “outperform” rating and set a $40.00 price target on shares of Ally Financial in a research report on Monday, October 21st. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Ally Financial from $50.00 to $44.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Ally Financial presently has a consensus rating of “Hold” and a consensus target price of $40.69.

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.