Mercer Global Advisors Inc. ADV Buys 5,613 Shares of Ally Financial Inc. (NYSE:ALLY)

Mercer Global Advisors Inc. ADV boosted its position in Ally Financial Inc. (NYSE:ALLY) by 5.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,467 shares of the financial services provider’s stock after purchasing an additional 5,613 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Ally Financial were worth $4,382,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ALLY. Boston Partners purchased a new position in shares of Ally Financial during the 1st quarter valued at $152,079,000. Scout Investments Inc. purchased a new position in shares of Ally Financial in the fourth quarter worth about $63,080,000. Norges Bank purchased a new position in shares of Ally Financial in the fourth quarter worth about $62,869,000. Jennison Associates LLC bought a new stake in shares of Ally Financial in the first quarter valued at approximately $52,252,000. Finally, Delta Global Management LP lifted its stake in shares of Ally Financial by 3,262.3% during the 1st quarter. Delta Global Management LP now owns 1,035,994 shares of the financial services provider’s stock valued at $42,051,000 after buying an additional 1,005,182 shares in the last quarter. 88.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

ALLY has been the subject of a number of recent research reports. Bank of America reduced their price objective on shares of Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Wells Fargo & Company lifted their price target on Ally Financial from $33.00 to $37.00 and gave the company an “underweight” rating in a research report on Thursday, July 18th. Citigroup started coverage on Ally Financial in a report on Monday, June 24th. They set a “buy” rating and a $50.00 price objective on the stock. BTIG Research lowered Ally Financial from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. Finally, Evercore ISI upped their price target on Ally Financial from $43.00 to $45.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $41.41.

Ally Financial Trading Down 1.4 %

NYSE ALLY opened at $34.48 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.39. The stock’s 50-day simple moving average is $40.54 and its two-hundred day simple moving average is $39.63. Ally Financial Inc. has a twelve month low of $22.54 and a twelve month high of $45.46. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 0.32 and a beta of 1.40.

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

Ally Financial Dividend Announcement

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. The ex-dividend date 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 (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.