Mutual of America Capital Management LLC Lowers Stake in Ally Financial Inc. (NYSE:ALLY)

Mutual of America Capital Management LLC lowered its stake in Ally Financial Inc. (NYSE:ALLY) by 5.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 148,195 shares of the financial services provider’s stock after selling 8,443 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Ally Financial were worth $5,274,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its position in shares of Ally Financial by 510.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 526 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Ally Financial during the 1st quarter worth approximately $28,000. Venturi Wealth Management LLC increased its stake in Ally Financial by 153.9% during the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 577 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Ally Financial in the 2nd quarter valued at about $41,000. Finally, Allworth Financial LP raised its stake in shares of Ally Financial by 41.9% in the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 421 shares during the period. Institutional investors and hedge funds own 88.76% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on ALLY. Keefe, Bruyette & Woods cut their price objective on Ally Financial from $50.00 to $44.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. TD Cowen reduced their price objective on shares of Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a report on Monday, September 23rd. Barclays lowered their price target on Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a report on Thursday, September 12th. Royal Bank of Canada restated an “outperform” rating and issued a $40.00 price objective on shares of Ally Financial in a research note on Monday, October 21st. Finally, Citigroup raised their target price 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.69.

Ally Financial Stock Performance

Shares of ALLY opened at $35.53 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.36. The company has a 50-day simple moving average of $35.12 and a 200-day simple moving average of $38.70. Ally Financial Inc. has a 52-week low of $26.50 and a 52-week high of $45.46. The company has a market capitalization of $10.83 billion, a PE ratio of 14.21, a P/E/G ratio of 0.43 and a beta of 1.40.

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

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.38%. The ex-dividend date was Friday, November 1st. Ally Financial’s payout ratio is 48.00%.

Ally Financial Company 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.