Acadian Asset Management LLC Buys Shares of 32,029 Ally Financial Inc. (NYSE:ALLY)

Acadian Asset Management LLC bought a new stake in Ally Financial Inc. (NYSE:ALLY) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 32,029 shares of the financial services provider’s stock, valued at approximately $1,269,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Fifth Third Bancorp increased its holdings in Ally Financial by 1.2% in the second quarter. Fifth Third Bancorp now owns 23,275 shares of the financial services provider’s stock valued at $923,000 after buying an additional 278 shares in the last quarter. Trust Co. of Toledo NA OH increased its stake in shares of Ally Financial by 1.7% during the 1st quarter. Trust Co. of Toledo NA OH now owns 17,622 shares of the financial services provider’s stock worth $715,000 after purchasing an additional 287 shares in the last quarter. WBI Investments LLC increased its stake in shares of Ally Financial by 2.2% during the 4th quarter. WBI Investments LLC now owns 14,635 shares of the financial services provider’s stock worth $511,000 after purchasing an additional 316 shares in the last quarter. Signet Financial Management LLC increased its stake in shares of Ally Financial by 4.8% during the 1st quarter. Signet Financial Management LLC now owns 7,273 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 330 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Ally Financial by 10.2% during the 2nd quarter. Blue Trust Inc. now owns 4,308 shares of the financial services provider’s stock worth $175,000 after purchasing an additional 400 shares in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ALLY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Ally Financial from $51.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, July 1st. Royal Bank of Canada dropped their price objective on shares of Ally Financial from $49.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday. Citigroup assumed coverage on shares of Ally Financial in a research note on Monday, June 24th. They set a “buy” rating and a $50.00 price objective for the company. 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 research report on Wednesday, September 11th. Finally, Evercore ISI raised their target price on shares of Ally Financial from $43.00 to $45.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $41.65.

Ally Financial Stock Performance

NYSE:ALLY opened at $32.97 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $10.02 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 0.32 and a beta of 1.40. The firm’s fifty day simple moving average is $41.30 and its 200 day simple moving average is $39.75. Ally Financial Inc. has a twelve month low of $22.54 and a twelve month high of $45.46.

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

Ally Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.64%. The ex-dividend date was Thursday, August 1st. Ally Financial’s dividend payout ratio (DPR) is 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.