Ally Financial Inc. (NYSE:ALLY) Shares Sold by Tredje AP fonden

Tredje AP fonden lowered its holdings in Ally Financial Inc. (NYSE:ALLY) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,681 shares of the financial services provider’s stock after selling 667 shares during the quarter. Tredje AP fonden’s holdings in Ally Financial were worth $1,693,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its position in Ally Financial by 510.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 526 shares in the last quarter. Transcendent Capital Group LLC acquired a new position in shares of Ally Financial in the 1st quarter valued at $28,000. Rise Advisors LLC purchased a new stake in Ally Financial during the first quarter worth $32,000. Quarry LP grew its position in Ally Financial by 165.7% during the fourth quarter. Quarry LP now owns 959 shares of the financial services provider’s stock valued at $33,000 after buying an additional 598 shares during the period. Finally, SYSTM Wealth Solutions LLC increased its holdings in Ally Financial by 571.7% in the first quarter. SYSTM Wealth Solutions LLC now owns 927 shares of the financial services provider’s stock valued at $38,000 after buying an additional 789 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Ally Financial Price Performance

Ally Financial stock opened at $34.49 on Friday. The company has a 50-day moving average price of $40.54 and a 200 day moving average price of $39.61. The stock has a market cap of $10.48 billion, a P/E ratio of 14.08, a PEG ratio of 0.32 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 Inc. has a 12-month low of $22.54 and a 12-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 (EPS) for the quarter, topping 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 company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.03 billion. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 earnings per share. Sell-side analysts anticipate that Ally Financial Inc. will post 3.51 earnings per share for the current year.

Ally Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ALLY. Wells Fargo & Company raised their target price on Ally Financial from $33.00 to $37.00 and gave the company an “underweight” rating in a research report on Thursday, July 18th. BTIG Research lowered Ally Financial from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft reduced their target price on Ally Financial from $51.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, July 1st. Barclays dropped their price target on shares of 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, Morgan Stanley reduced their price objective on shares of Ally Financial from $49.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $41.41.

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.