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

Ally Financial Inc. (NYSE:ALLY) saw a large drop in short interest in the month of 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 company’s stock are sold short. Based on an average daily trading volume, of 4,040,000 shares, the short-interest ratio is presently 2.0 days.

Analyst Ratings Changes

A number of research analysts recently issued reports on ALLY shares. Bank of America decreased their target price on Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. TD Cowen decreased their price objective on Ally Financial from $45.00 to $37.00 and set a “hold” rating for the company in a research note on Monday, September 23rd. Morgan Stanley cut their target price on shares of Ally Financial from $45.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. StockNews.com upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. Finally, Evercore ISI dropped their price objective on shares of Ally Financial from $47.00 to $38.00 and set an “in-line” rating on the stock in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $41.73.

Hedge Funds Weigh In On Ally Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC grew its position in Ally Financial by 68.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 68,986 shares of the financial services provider’s stock valued at $2,455,000 after buying an additional 28,114 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Ally Financial in the third quarter valued at about $1,338,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Ally Financial by 58.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,466 shares of the financial services provider’s stock worth $1,796,000 after acquiring an additional 18,671 shares during the period. Point72 Asset Management L.P. purchased a new position in Ally Financial during the third quarter worth about $21,571,000. Finally, Private Management Group Inc. lifted its position in Ally Financial by 3.1% in the third quarter. Private Management Group Inc. now owns 721,693 shares of the financial services provider’s stock valued at $25,685,000 after purchasing an additional 21,846 shares during the period. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Performance

Shares of Ally Financial stock traded down $1.00 on Tuesday, hitting $36.59. The stock had a trading volume of 3,706,399 shares, compared to its average volume of 3,456,474. The stock has a market cap of $11.15 billion, a price-to-earnings ratio of 15.04, a P/E/G 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 has a 52-week low of $31.77 and a 52-week high of $45.46. The company’s 50 day moving average price is $36.70 and its 200 day moving average price is $38.58.

Ally Financial (NYSE:ALLY) last announced its earnings results on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.38. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The company’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. On average, research analysts anticipate that Ally Financial will post 3 EPS for the current year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a dividend of $0.30 per share. The ex-dividend date was Friday, November 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.28%. Ally Financial’s dividend payout ratio (DPR) 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.