Ally Financial Inc. (ALLY) Short Interest Update

Ally Financial Inc. (NYSE:ALLY) saw a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 15,350,235 shares, a drop of 14.9% from the October 31st total of 18,045,451 shares. Approximately 3.5% of the shares of the company are short sold. Based on an average daily volume of 3,319,563 shares, the short-interest ratio is currently 4.6 days.

ALLY has been the topic of several research analyst reports. Jefferies Group restated a “buy” rating and issued a $28.00 price target on shares of Ally Financial in a research report on Wednesday, August 23rd. BMO Capital Markets restated a “buy” rating and issued a $26.00 price target on shares of Ally Financial in a research report on Friday, August 25th. Piper Jaffray Companies restated a “buy” rating on shares of Ally Financial in a research report on Friday, September 1st. ValuEngine upgraded shares of Ally Financial from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 22nd. Finally, Zacks Investment Research upgraded shares of Ally Financial from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $27.56.

A number of hedge funds have recently made changes to their positions in ALLY. Hotchkis & Wiley Capital Management LLC lifted its holdings in Ally Financial by 262.5% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,275,900 shares of the financial services provider’s stock valued at $110,266,000 after purchasing an additional 3,820,400 shares during the last quarter. Thrivent Financial For Lutherans bought a new position in Ally Financial during the 2nd quarter valued at about $54,346,000. Canada Pension Plan Investment Board lifted its holdings in Ally Financial by 36.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 9,244,175 shares of the financial services provider’s stock valued at $193,203,000 after purchasing an additional 2,476,190 shares during the last quarter. FMR LLC lifted its holdings in Ally Financial by 72.4% during the 2nd quarter. FMR LLC now owns 5,860,209 shares of the financial services provider’s stock valued at $122,479,000 after purchasing an additional 2,461,343 shares during the last quarter. Finally, State Treasurer State of Michigan lifted its holdings in Ally Financial by 163.0% during the 3rd quarter. State Treasurer State of Michigan now owns 3,762,933 shares of the financial services provider’s stock valued at $91,289,000 after purchasing an additional 2,331,967 shares during the last quarter.

Shares of Ally Financial (NYSE ALLY) opened at $27.56 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 3.32. Ally Financial has a 12-month low of $18.11 and a 12-month high of $27.94. The firm has a market cap of $12,049.57, a PE ratio of 12.11, a PEG ratio of 2.40 and a beta of 1.46.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.08. Ally Financial had a net margin of 14.75% and a return on equity of 7.72%. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the firm posted $0.56 EPS. analysts anticipate that Ally Financial will post 2.27 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.74%. The ex-dividend date was Tuesday, October 31st. Ally Financial’s dividend payout ratio is currently 22.22%.

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About Ally Financial

Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.

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