Coldstream Capital Management Inc. Sells 608 Shares of Ally Financial Inc. (NYSE:ALLY)

Coldstream Capital Management Inc. trimmed its position in Ally Financial Inc. (NYSE:ALLY) by 9.2% during the third quarter, HoldingsChannel.com reports. The firm owned 5,991 shares of the financial services provider’s stock after selling 608 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Ally Financial were worth $214,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of ALLY. Jacobs Levy Equity Management Inc. lifted its stake in Ally Financial by 217.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider’s stock valued at $81,260,000 after acquiring an additional 1,563,008 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in shares of Ally Financial by 584.7% in the third quarter. Wedge Capital Management L L P NC now owns 1,395,308 shares of the financial services provider’s stock valued at $49,659,000 after purchasing an additional 1,191,529 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 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 purchasing an additional 987,489 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Ally Financial by 2,088.2% in the third quarter. Assenagon Asset Management S.A. now owns 728,864 shares of the financial services provider’s stock worth $25,940,000 after purchasing an additional 695,555 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Ally Financial in the third quarter valued at $21,571,000. 88.76% of the stock is owned by institutional investors and hedge funds.

Ally Financial Price Performance

Ally Financial stock opened at $37.60 on Tuesday. The company has a market capitalization of $11.46 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 0.46 and a beta of 1.42. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. Ally Financial Inc. has a 12 month low of $31.77 and a 12 month high of $45.46. The stock’s 50 day moving average is $36.70 and its 200-day moving average is $38.58.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.38. The business 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%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 EPS. Equities research analysts expect that Ally Financial Inc. will post 3 EPS for the current year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Friday, November 1st. Ally Financial’s dividend payout ratio is 48.00%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ALLY. JPMorgan Chase & Co. raised their price objective on Ally Financial from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Monday, December 9th. StockNews.com upgraded Ally Financial from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. Royal Bank of Canada reiterated an “outperform” rating and set a $40.00 price objective on shares of Ally Financial in a research note on Monday, October 21st. BTIG Research cut shares of Ally Financial from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. Finally, Raymond James raised shares of Ally Financial from an “underperform” rating to a “market perform” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Ally Financial has an average rating of “Hold” and an average target price of $41.73.

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.