Sei Investments Co. cut its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 4.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 533,123 shares of the financial services provider’s stock after selling 23,630 shares during the quarter. Sei Investments Co. owned approximately 0.12% of Ally Financial worth $12,933,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Wetherby Asset Management Inc. increased its holdings in Ally Financial by 0.5% during the 2nd quarter. Wetherby Asset Management Inc. now owns 12,247 shares of the financial services provider’s stock worth $256,000 after purchasing an additional 56 shares during the last quarter. QS Investors LLC increased its holdings in shares of Ally Financial by 0.7% in the 2nd quarter. QS Investors LLC now owns 10,946 shares of the financial services provider’s stock valued at $229,000 after acquiring an additional 74 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Ally Financial by 0.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 28,029 shares of the financial services provider’s stock valued at $586,000 after acquiring an additional 107 shares during the last quarter. Cadence Capital Management LLC increased its holdings in shares of Ally Financial by 0.8% in the 2nd quarter. Cadence Capital Management LLC now owns 14,986 shares of the financial services provider’s stock valued at $313,000 after acquiring an additional 126 shares during the last quarter. Finally, First Heartland Consultants Inc. increased its holdings in shares of Ally Financial by 0.3% in the 2nd quarter. First Heartland Consultants Inc. now owns 49,668 shares of the financial services provider’s stock valued at $1,038,000 after acquiring an additional 168 shares during the last quarter.

Ally Financial Inc. (NYSE:ALLY) opened at $26.67 on Friday. Ally Financial Inc. has a 12-month low of $18.11 and a 12-month high of $26.93. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $11,680.00, a P/E ratio of 11.48, a P/E/G ratio of 2.27 and a beta of 1.46.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Tuesday, October 31st. Ally Financial’s dividend payout ratio is currently 22.33%.

TRADEMARK VIOLATION NOTICE: “Sei Investments Co. Has $12.93 Million Holdings in Ally Financial Inc. (ALLY)” was first published by Daily Political and is owned by of Daily Political. If you are accessing this news story on another site, it was copied illegally and reposted in violation of US & international copyright law. The original version of this news story can be accessed at https://www.dailypolitical.com/2017/11/18/sei-investments-co-has-12-93-million-holdings-in-ally-financial-inc-ally.html.

ALLY has been the subject of a number of research analyst reports. BidaskClub downgraded Ally Financial from a “buy” rating to a “hold” rating in a report on Sunday, July 23rd. Piper Jaffray Companies reiterated a “buy” rating on shares of Ally Financial in a report on Friday, July 28th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $31.00 price target (up from $30.00) on shares of Ally Financial in a report on Sunday, July 30th. Jefferies Group LLC reiterated a “buy” rating and issued a $28.00 price target on shares of Ally Financial in a report on Wednesday, August 23rd. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $26.00 price target on shares of Ally Financial in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $26.93.

Ally Financial Profile

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.

Want to see what other hedge funds are holding ALLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ally Financial Inc. (NYSE:ALLY).

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

Receive News & Ratings for Ally Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ally Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.