Cubist Systematic Strategies LLC Lowers Holdings in Ally Financial Inc (ALLY)

Cubist Systematic Strategies LLC decreased its position in shares of Ally Financial Inc (NYSE:ALLY) by 89.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,264 shares of the financial services provider’s stock after selling 103,517 shares during the period. Cubist Systematic Strategies LLC’s holdings in Ally Financial were worth $298,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its position in Ally Financial by 23.0% during the second quarter. Toronto Dominion Bank now owns 5,714 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 1,070 shares in the last quarter. Capital Management Associates NY purchased a new stake in Ally Financial during the third quarter valued at about $203,000. Crossmark Global Holdings Inc. purchased a new position in shares of Ally Financial in the third quarter worth about $241,000. Twin Tree Management LP purchased a new position in shares of Ally Financial in the second quarter worth about $215,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Ally Financial by 50.4% in the second quarter. Tower Research Capital LLC TRC now owns 10,455 shares of the financial services provider’s stock worth $219,000 after buying an additional 3,505 shares during the period.

Shares of Ally Financial Inc (NYSE:ALLY) opened at $30.22 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 3.32. The stock has a market capitalization of $13,360.00, a PE ratio of 14.06, a P/E/G ratio of 1.13 and a beta of 1.46. Ally Financial Inc has a 12 month low of $18.11 and a 12 month high of $30.24.

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

Several research analysts have recently commented on the company. Barclays lifted their price objective on Ally Financial from $26.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday. Zacks Investment Research upgraded Ally Financial from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Tuesday. BidaskClub upgraded Ally Financial from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Stephens set a $27.00 price objective on Ally Financial and gave the stock a “sell” rating in a report on Wednesday. Finally, ValuEngine upgraded Ally Financial from a “buy” rating to a “strong-buy” rating in a report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $30.00.

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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.

Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

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