Elo Mutual Pension Insurance Co Sells 810 Shares of Ally Financial Inc. (NYSE:ALLY)

Elo Mutual Pension Insurance Co lowered its position in shares of Ally Financial Inc. (NYSE:ALLY) by 3.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,994 shares of the financial services provider’s stock after selling 810 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Ally Financial were worth $952,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in Ally Financial by 11.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider’s stock worth $384,715,000 after buying an additional 987,489 shares during the period. Boston Partners bought a new position in Ally Financial during the first quarter worth about $152,079,000. Bank of New York Mellon Corp raised its stake in Ally Financial by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,697,251 shares of the financial services provider’s stock worth $146,670,000 after purchasing an additional 31,491 shares in the last quarter. Donald Smith & CO. Inc. raised its stake in Ally Financial by 0.8% in 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 purchasing an additional 21,657 shares in the last quarter. Finally, Scout Investments Inc. bought a new stake in Ally Financial in the 4th quarter valued at about $63,080,000. 88.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ALLY shares. Royal Bank of Canada lowered their price objective on Ally Financial from $49.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, September 12th. Bank of America decreased their target price on shares of Ally Financial from $46.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Wells Fargo & Company increased their price target on shares of Ally Financial from $33.00 to $37.00 and gave the stock an “underweight” rating in a research report on Thursday, July 18th. Morgan Stanley reduced their target price on Ally Financial from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. raised Ally Financial from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $39.00 to $45.00 in a research note on Monday, July 8th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $41.41.

Ally Financial Stock Down 1.3 %

ALLY stock opened at $34.49 on Friday. The stock’s 50 day simple moving average is $40.54 and its 200 day simple moving average is $39.61. The company has a market cap of $10.48 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.91 and a current ratio of 0.92. Ally Financial Inc. has a fifty-two week low of $22.54 and a fifty-two week high of $45.46.

Ally Financial (NYSE:ALLY) last issued its earnings results on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.33. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period last year, the business earned $0.96 EPS. Ally Financial’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, research analysts expect that Ally Financial Inc. will post 3.51 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.48%. Ally Financial’s dividend payout ratio is presently 48.98%.

Ally Financial 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.