Mutual of America Capital Management LLC Trims Position in Ally Financial Inc. (NYSE:ALLY)

Mutual of America Capital Management LLC lessened its position in shares of Ally Financial Inc. (NYSE:ALLY) by 3.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 156,638 shares of the financial services provider’s stock after selling 5,119 shares during the quarter. Mutual of America Capital Management LLC owned 0.05% of Ally Financial worth $6,214,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its position in Ally Financial by 510.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock worth $25,000 after buying an additional 526 shares in the last quarter. Transcendent Capital Group LLC bought a new position in shares of Ally Financial in the first quarter worth about $28,000. Rise Advisors LLC bought a new position in shares of Ally Financial in the first quarter worth about $32,000. Quarry LP boosted its stake in shares of Ally Financial by 165.7% in the fourth quarter. Quarry LP now owns 959 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 598 shares during the period. Finally, SYSTM Wealth Solutions LLC boosted its stake in shares of Ally Financial by 571.7% in the first quarter. SYSTM Wealth Solutions LLC now owns 927 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 789 shares during the period. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Price Performance

Shares of Ally Financial stock opened at $34.49 on Friday. The stock has a market cap of $10.48 billion, a price-to-earnings 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. The stock has a 50 day moving average price of $40.54 and a 200-day moving average price of $39.61. Ally Financial Inc. has a one year low of $22.54 and a one year high of $45.46.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share (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 company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the previous year, the business earned $0.96 EPS. Ally Financial’s revenue was down 3.8% compared to the same quarter last year. Equities analysts expect that Ally Financial Inc. will post 3.51 EPS for the current year.

Ally Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Citigroup assumed coverage on Ally Financial in a research note on Monday, June 24th. They issued a “buy” rating and a $50.00 price objective for the company. Bank of America dropped their price objective on Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Morgan Stanley dropped their price objective on Ally Financial from $49.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, September 11th. JPMorgan Chase & Co. upgraded Ally Financial from an “underweight” rating to a “neutral” rating and raised their price target for the company from $39.00 to $45.00 in a report on Monday, July 8th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Ally Financial from $51.00 to $50.00 and set a “buy” rating for the company in a report on Monday, July 1st. 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. According to data from MarketBeat.com, Ally Financial presently has an average rating of “Hold” and a consensus 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.