Campbell & CO Investment Adviser LLC Decreases Stock Holdings in Ally Financial Inc. $ALLY

Campbell & CO Investment Adviser LLC lowered its stake in Ally Financial Inc. (NYSE:ALLY) by 72.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 17,004 shares of the financial services provider’s stock after selling 45,009 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Ally Financial were worth $667,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ALLY. Allworth Financial LP lifted its stake in shares of Ally Financial by 385.2% in the 2nd 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 period. Mather Group LLC. bought a new stake in Ally Financial during the 3rd quarter worth approximately $31,000. Hantz Financial Services Inc. lifted its stake in shares of Ally Financial by 662.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 823 shares of the financial services provider’s stock valued at $32,000 after buying an additional 715 shares in the last quarter. Westside Investment Management Inc. boosted its stake in shares of Ally Financial by 116.8% in the second quarter. Westside Investment Management Inc. now owns 837 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 451 shares during the period. Finally, MAI Capital Management boosted its position in shares of Ally Financial by 45.1% during the second quarter. MAI Capital Management now owns 975 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 303 shares during the last quarter. Institutional investors own 88.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ALLY shares. Morgan Stanley set a $53.00 target price on shares of Ally Financial and gave the company an “overweight” rating in a research report on Tuesday, December 16th. BTIG Research reissued a “neutral” rating on shares of Ally Financial in a research note on Tuesday, January 6th. Evercore ISI upgraded Ally Financial from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $48.00 to $53.00 in a research report on Tuesday, January 6th. Cowen reiterated a “buy” rating on shares of Ally Financial in a report on Thursday, January 8th. Finally, Keefe, Bruyette & Woods cut their target price on Ally Financial from $56.00 to $51.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. Thirteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.44.

Ally Financial Stock Down 2.7%

Shares of NYSE:ALLY opened at $42.43 on Wednesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.92 and a quick ratio of 0.92. The business has a 50 day simple moving average of $43.27 and a two-hundred day simple moving average of $41.10. Ally Financial Inc. has a 1 year low of $29.52 and a 1 year high of $47.27. The firm has a market capitalization of $13.07 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 0.21 and a beta of 1.17.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, February 2nd. Ally Financial’s dividend payout ratio (DPR) is 72.29%.

Ally Financial declared that its Board of Directors has approved a share buyback program on Wednesday, December 10th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 15.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

About Ally Financial

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.