Donald Smith & CO. Inc. Lowers Holdings in Ally Financial Inc. $ALLY

Donald Smith & CO. Inc. trimmed its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 0.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,575,724 shares of the financial services provider’s stock after selling 14,358 shares during the quarter. Ally Financial accounts for 2.4% of Donald Smith & CO. Inc.’s holdings, making the stock its 19th largest holding. Donald Smith & CO. Inc. owned about 0.84% of Ally Financial worth $100,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of ALLY. WPG Advisers LLC acquired a new stake in Ally Financial in the first quarter valued at $25,000. SVB Wealth LLC acquired a new stake in shares of Ally Financial during the 1st quarter worth about $27,000. Allworth Financial LP lifted its stake in Ally Financial by 385.2% during the second quarter. Allworth Financial LP now owns 752 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 597 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Ally Financial by 662.0% during the second quarter. Hantz Financial Services Inc. now owns 823 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 715 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its holdings in shares of Ally Financial by 116.8% in the 2nd quarter. Westside Investment Management Inc. now owns 837 shares of the financial services provider’s stock valued at $34,000 after buying an additional 451 shares in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Ally Financial Price Performance

Shares of NYSE ALLY opened at $42.39 on Friday. Ally Financial Inc. has a fifty-two week low of $29.52 and a fifty-two week high of $44.83. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.31. The firm has a market cap of $13.06 billion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 0.29 and a beta of 1.22. The business has a 50 day moving average price of $39.78 and a two-hundred day moving average price of $39.21.

Ally Financial (NYSE:ALLY) last issued its earnings results on Monday, July 28th. The financial services provider reported $0.99 EPS for the quarter. The company had revenue of $2.06 billion during the quarter. Ally Financial had a return on equity of 9.96% and a net margin of 8.10%. Sell-side analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, October 31st. Ally Financial’s dividend payout ratio (DPR) is presently 72.29%.

Insider Activity

In other news, insider Kathleen L. Patterson sold 29,000 shares of the stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $40.86, for a total transaction of $1,184,940.00. Following the completion of the sale, the insider owned 100,203 shares in the company, valued at approximately $4,094,294.58. This represents a 22.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.67% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ALLY. Morgan Stanley raised their price target on Ally Financial from $47.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Keefe, Bruyette & Woods reduced their price objective on shares of Ally Financial from $56.00 to $51.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. Wall Street Zen lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Wells Fargo & Company raised Ally Financial from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $37.00 to $45.00 in a research note on Tuesday, September 2nd. Finally, Cowen raised shares of Ally Financial from a “hold” rating to a “buy” rating in a research note on Monday, October 20th. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $45.67.

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.