DekaBank Deutsche Girozentrale Decreases Stock Position in Ally Financial Inc. (NYSE:ALLY)

DekaBank Deutsche Girozentrale decreased its position in shares of Ally Financial Inc. (NYSE:ALLY) by 8.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,835 shares of the financial services provider’s stock after selling 5,736 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Ally Financial were worth $2,479,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Boston Partners purchased a new position in shares of Ally Financial during the 1st quarter worth about $152,079,000. Bank of New York Mellon Corp grew its stake in shares of Ally Financial by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 3,697,251 shares of the financial services provider’s stock valued at $146,670,000 after buying an additional 31,491 shares during the last quarter. Donald Smith & CO. Inc. lifted its stake in shares of Ally Financial by 0.8% during the 1st quarter. Donald Smith & CO. Inc. now owns 2,774,487 shares of the financial services provider’s stock worth $112,616,000 after acquiring an additional 21,657 shares during the last quarter. Scout Investments Inc. purchased a new position in Ally Financial during the 4th quarter valued at $63,080,000. Finally, Norges Bank bought a new position in Ally Financial in the 4th quarter valued at $62,869,000. Institutional investors own 88.76% of the company’s stock.

Analyst Ratings Changes

ALLY has been the subject of several research analyst reports. Royal Bank of Canada decreased their target price on Ally Financial from $49.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, September 12th. Citigroup assumed coverage on shares of Ally Financial in a research report on Monday, June 24th. They set a “buy” rating and a $50.00 target price on the stock. Morgan Stanley lowered their price target on Ally Financial from $49.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. Evercore ISI raised their price objective on Ally Financial from $43.00 to $45.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Finally, Wells Fargo & Company upped their target price on Ally Financial from $33.00 to $37.00 and gave the stock an “underweight” rating in a report on Thursday, July 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Ally Financial currently has a consensus rating of “Hold” and an average target price of $41.41.

Ally Financial Trading Up 0.9 %

NYSE ALLY opened at $34.05 on Thursday. Ally Financial Inc. has a 52 week low of $22.54 and a 52 week high of $45.46. The company has a 50 day moving average price of $40.86 and a 200 day moving average price of $39.66. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.39. The firm has a market cap of $10.35 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.64 by $0.33. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the business posted $0.96 EPS. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Ally Financial Inc. will post 3.51 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.52%. Ally Financial’s payout ratio is 48.98%.

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.