GAMMA Investing LLC Has $84,000 Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

GAMMA Investing LLC trimmed its position in Ally Financial Inc. (NYSE:ALLY) by 21.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,343 shares of the financial services provider’s stock after selling 653 shares during the quarter. GAMMA Investing LLC’s holdings in Ally Financial were worth $84,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new position in shares of Ally Financial in the 2nd quarter valued at $1,269,000. Ashton Thomas Private Wealth LLC acquired a new stake in Ally Financial in the second quarter valued at about $41,000. Choreo LLC bought a new position in Ally Financial in the second quarter valued at about $362,000. Daiwa Securities Group Inc. raised its stake in Ally Financial by 8.0% during the second quarter. Daiwa Securities Group Inc. now owns 19,009 shares of the financial services provider’s stock worth $754,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Ally Financial in the second quarter worth about $246,000. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Ally Financial Trading Down 4.0 %

NYSE:ALLY opened at $34.17 on Friday. Ally Financial Inc. has a 12 month low of $31.77 and a 12 month high of $45.46. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $10.41 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 0.46 and a beta of 1.44. The firm has a fifty day simple moving average of $36.87 and a two-hundred day simple moving average of $38.09.

Ally Financial (NYSE:ALLY) last issued its earnings results on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.57 by $0.38. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the business posted $0.83 EPS. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts expect that Ally Financial Inc. will post 3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ALLY. TD Cowen decreased their price target on shares of Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a report on Monday, September 23rd. Citigroup boosted their target price 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. StockNews.com upgraded Ally Financial from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. BTIG Research downgraded Ally Financial from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. Finally, Morgan Stanley boosted their target price on shares of Ally Financial from $41.00 to $42.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $42.67.

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.