Ally Financial Inc. (NYSE:ALLY) Short Interest Down 7.7% in March

Ally Financial Inc. (NYSE:ALLYGet Free Report) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 10,720,000 shares, a decrease of 7.7% from the February 29th total of 11,620,000 shares. Based on an average trading volume of 3,950,000 shares, the days-to-cover ratio is currently 2.7 days. Currently, 3.6% of the company’s stock are sold short.

Ally Financial Trading Down 1.5 %

NYSE ALLY traded down $0.58 on Tuesday, reaching $39.01. The company had a trading volume of 3,775,256 shares, compared to its average volume of 4,023,883. The stock has a market cap of $11.77 billion, a price-to-earnings ratio of 13.05 and a beta of 1.40. The stock’s 50 day moving average is $37.36 and its 200-day moving average is $32.00. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.54. Ally Financial has a 52 week low of $22.54 and a 52 week high of $41.56.

Ally Financial (NYSE:ALLYGet Free Report) last released its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.99 billion. Ally Financial had a return on equity of 9.41% and a net margin of 12.42%. During the same quarter in the prior year, the company earned $1.08 earnings per share. Equities analysts predict that Ally Financial will post 3.09 earnings per share for the current year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were given a $0.30 dividend. The ex-dividend date was Wednesday, January 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.08%. Ally Financial’s payout ratio is 40.13%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Ally Financial by 1.0% during the third quarter. Vanguard Group Inc. now owns 28,009,495 shares of the financial services provider’s stock valued at $747,293,000 after acquiring an additional 290,842 shares during the last quarter. Sessa Capital IM L.P. boosted its holdings in Ally Financial by 426.5% in the first quarter. Sessa Capital IM L.P. now owns 9,493,106 shares of the financial services provider’s stock worth $241,979,000 after acquiring an additional 7,689,915 shares in the last quarter. State Street Corp grew its holdings in shares of Ally Financial by 3.3% during the first quarter. State Street Corp now owns 8,749,404 shares of the financial services provider’s stock valued at $380,424,000 after buying an additional 281,795 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Ally Financial by 18.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 8,343,564 shares of the financial services provider’s stock valued at $212,677,000 after buying an additional 1,281,000 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Ally Financial by 195.1% in the 4th quarter. Millennium Management LLC now owns 6,058,768 shares of the financial services provider’s stock worth $148,137,000 after buying an additional 4,005,417 shares during the last quarter. Institutional investors own 88.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ALLY shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ally Financial in a research note on Wednesday, January 10th. They issued a “buy” rating and a $47.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Ally Financial in a research report on Monday, January 22nd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Ally Financial in a research report on Thursday, February 1st. TheStreet upgraded shares of Ally Financial from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. Finally, StockNews.com lowered shares of Ally Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, March 26th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $35.50.

View Our Latest Report on Ally Financial

About Ally Financial

(Get Free Report)

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.

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