XTX Topco Ltd Has $234,000 Holdings in Ally Financial Inc. (NYSE:ALLY)

XTX Topco Ltd trimmed its stake in Ally Financial Inc. (NYSE:ALLY) by 86.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,561 shares of the financial services provider’s stock after selling 43,337 shares during the period. XTX Topco Ltd’s holdings in Ally Financial were worth $234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. grew its position in Ally Financial by 217.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider’s stock worth $81,260,000 after buying an additional 1,563,008 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in shares of Ally Financial by 584.7% in the 3rd quarter. Wedge Capital Management L L P NC now owns 1,395,308 shares of the financial services provider’s stock worth $49,659,000 after acquiring an additional 1,191,529 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Ally Financial by 11.3% during the 2nd 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. increased its position in shares of Ally Financial by 2,088.2% during the third quarter. Assenagon Asset Management S.A. now owns 728,864 shares of the financial services provider’s stock valued at $25,940,000 after purchasing an additional 695,555 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in shares of Ally Financial in the third quarter valued at $21,571,000. Institutional investors own 88.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Wolfe Research downgraded shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. TD Cowen lowered their target price on shares of Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a research note on Monday, September 23rd. StockNews.com upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. Citigroup increased their target price on Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $40.00 target price on shares of Ally Financial in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $42.07.

Ally Financial Stock Down 5.4 %

Shares of NYSE:ALLY opened at $34.61 on Thursday. Ally Financial Inc. has a 12 month low of $31.77 and a 12 month high of $45.46. The firm has a market cap of $10.55 billion, a P/E ratio of 13.84, a P/E/G ratio of 0.46 and a beta of 1.42. 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’s 50-day moving average price is $36.72 and its two-hundred day moving average price is $38.53.

Ally Financial (NYSE:ALLY) last issued 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 net margin of 10.84% and a return on equity of 8.39%. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the business posted $0.83 earnings per share. Ally Financial’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, research analysts forecast that Ally Financial Inc. will post 3 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.47%. Ally Financial’s payout ratio is currently 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.