Anchor Investment Management LLC Has $216,000 Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

Anchor Investment Management LLC cut its stake in Ally Financial Inc. (NYSE:ALLY) by 24.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,434 shares of the financial services provider’s stock after selling 1,798 shares during the period. Anchor Investment Management LLC’s holdings in Ally Financial were worth $216,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in Ally Financial by 11.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider’s stock valued at $384,715,000 after acquiring an additional 987,489 shares in the last quarter. Boston Partners bought a new position in shares of Ally Financial in the 1st quarter valued at $152,079,000. Bank of New York Mellon Corp increased its stake in shares of 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 valued at $146,670,000 after purchasing an additional 31,491 shares during the last quarter. Donald Smith & CO. Inc. increased its stake in shares of 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 valued at $112,616,000 after purchasing an additional 21,657 shares during the last quarter. Finally, Scout Investments Inc. bought a new position in shares of Ally Financial in the 4th quarter valued at $63,080,000. 88.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Morgan Stanley decreased their price target on Ally Financial from $49.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 11th. Bank of America decreased their price target on Ally Financial from $46.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Citigroup assumed coverage on Ally Financial in a research note on Monday, June 24th. They issued a “buy” rating and a $50.00 price target on the stock. Barclays decreased their price target on Ally Financial from $44.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 12th. Finally, TD Cowen reduced their price objective on Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a research report on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $41.38.

Ally Financial Trading Up 1.9 %

NYSE ALLY opened at $35.13 on Friday. The business’s 50-day moving average price is $38.89 and its two-hundred day moving average price is $39.42. Ally Financial Inc. has a 12 month low of $22.54 and a 12 month high of $45.46. The firm has a market capitalization of $10.68 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 0.37 and a beta of 1.40. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.39.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.97 EPS for the quarter, beating 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 firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the company posted $0.96 EPS. The business’s revenue was down 3.8% on a year-over-year basis. On average, analysts expect that Ally Financial Inc. will post 3.15 EPS for the current year.

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend was Thursday, August 1st. Ally Financial’s dividend 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.