Landscape Capital Management L.L.C. Takes $250,000 Position in Ally Financial Inc. (NYSE:ALLY)

Landscape Capital Management L.L.C. acquired a new stake in Ally Financial Inc. (NYSE:ALLY) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,012 shares of the financial services provider’s stock, valued at approximately $250,000.

A number of other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC grew its holdings in Ally Financial by 510.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 526 shares during the period. Venturi Wealth Management LLC grew its holdings in Ally Financial by 153.9% in the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 577 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Ally Financial in the second quarter valued at approximately $41,000. Hobbs Group Advisors LLC purchased a new stake in Ally Financial in the second quarter valued at approximately $52,000. Finally, First Community Trust NA purchased a new stake in Ally Financial in the second quarter valued at approximately $53,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

Wall Street Analyst Weigh In

ALLY has been the subject of several research reports. Wells Fargo & Company decreased their price objective on shares of Ally Financial from $37.00 to $32.00 and set an “underweight” rating for the company in a research note on Thursday, September 26th. Citigroup boosted their price objective 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. Bank of America decreased their price objective on shares of Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. 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. Finally, Morgan Stanley decreased their price objective on shares of Ally Financial from $45.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ally Financial has a consensus rating of “Hold” and an average price target of $40.69.

Ally Financial Trading Up 3.0 %

ALLY opened at $38.98 on Tuesday. The stock has a market capitalization of $11.88 billion, a PE ratio of 15.59, a P/E/G ratio of 0.45 and a beta of 1.40. The firm’s fifty day moving average price is $35.47 and its 200 day moving average price is $38.64. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.92 and a quick ratio of 0.92. Ally Financial Inc. has a 12-month low of $26.50 and a 12-month high of $45.46.

Ally Financial (NYSE:ALLY) last posted 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 firm 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 firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.83 earnings per share. As a group, research analysts expect that Ally Financial Inc. will post 3 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.30 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.20 annualized dividend and a yield of 3.08%. Ally Financial’s dividend payout ratio is presently 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.