Ally Financial Inc. (NYSE:ALLY) Short Interest Update

Ally Financial Inc. (NYSE:ALLY) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 8,260,000 shares, a drop of 9.1% from the November 15th total of 9,090,000 shares. Approximately 2.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,040,000 shares, the short-interest ratio is presently 2.0 days.

Wall Street Analysts Forecast Growth

Several research firms have commented on ALLY. Citigroup lifted their target price on shares of Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Evercore ISI decreased their target price 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. Keefe, Bruyette & Woods lifted their price target on shares of Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Morgan Stanley reduced their target price on Ally Financial from $45.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Finally, Raymond James raised Ally Financial from an “underperform” rating to a “market perform” rating in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ally Financial has an average rating of “Hold” and a consensus price target of $41.73.

Ally Financial Stock Performance

NYSE:ALLY traded down $1.00 during mid-day trading on Tuesday, reaching $36.59. 3,706,399 shares of the company’s stock were exchanged, compared to its average volume of 3,456,474. Ally Financial has a one year low of $31.77 and a one year high of $45.46. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.92 and a current ratio of 0.92. The business’s fifty day simple moving average is $36.70 and its two-hundred day simple moving average is $38.58. The firm has a market capitalization of $11.15 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 0.46 and a beta of 1.42.

Ally Financial (NYSE:ALLY) last released 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. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.83 earnings per share. Analysts anticipate that Ally Financial will post 3 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Friday, November 1st. Ally Financial’s dividend payout ratio is currently 48.00%.

Institutional Trading of Ally Financial

A number of institutional investors and hedge funds have recently made changes to their positions in ALLY. Fifth Third Bancorp lifted its stake in Ally Financial by 1.2% during the second quarter. Fifth Third Bancorp now owns 23,275 shares of the financial services provider’s stock worth $923,000 after purchasing an additional 278 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of Ally Financial by 1.9% during the 3rd quarter. CIBC Asset Management Inc now owns 15,638 shares of the financial services provider’s stock worth $557,000 after buying an additional 293 shares during the last quarter. Maverick Capital Ltd. boosted its stake in Ally Financial by 1.2% in the third quarter. Maverick Capital Ltd. now owns 26,120 shares of the financial services provider’s stock valued at $930,000 after buying an additional 299 shares in the last quarter. Blue Trust Inc. grew its position in Ally Financial by 8.2% in the third quarter. Blue Trust Inc. now owns 4,660 shares of the financial services provider’s stock valued at $166,000 after acquiring an additional 352 shares during the last quarter. Finally, Allworth Financial LP raised its stake in Ally Financial by 41.9% during the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 421 shares in the last quarter. Institutional investors own 88.76% of the company’s stock.

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.