Axa S.A. Sells 15,951 Shares of Ally Financial Inc. (NYSE:ALLY)

Axa S.A. decreased its holdings in Ally Financial Inc. (NYSE:ALLY) by 54.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,274 shares of the financial services provider’s stock after selling 15,951 shares during the quarter. Axa S.A.’s holdings in Ally Financial were worth $527,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in shares of 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 buying an additional 987,489 shares during the last quarter. Boston Partners acquired a new stake in Ally Financial during the 1st quarter valued at approximately $152,079,000. Bank of New York Mellon Corp increased its position in Ally Financial by 0.9% during 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 period. Donald Smith & CO. Inc. lifted its position 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 worth $112,616,000 after purchasing an additional 21,657 shares during the period. Finally, Scout Investments Inc. acquired a new position in shares of Ally Financial in the 4th quarter worth approximately $63,080,000. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Ally Financial Stock Performance

Shares of ALLY opened at $34.71 on Wednesday. The stock has a 50 day moving average price of $39.40 and a two-hundred day moving average price of $39.51. Ally Financial Inc. has a 52 week low of $22.54 and a 52 week high of $45.46. The firm has a market capitalization of $10.55 billion, a P/E ratio of 14.17, a P/E/G ratio of 0.37 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.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data 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. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period last year, the business earned $0.96 EPS. The business’s revenue was down 3.8% on a year-over-year basis. Equities analysts forecast that Ally Financial Inc. will post 3.15 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date was Thursday, August 1st. Ally Financial’s payout ratio is 48.98%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ALLY. Barclays lowered their target price on shares of Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a research note on Thursday, September 12th. Deutsche Bank Aktiengesellschaft dropped their price objective on Ally Financial from $51.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, July 1st. Wells Fargo & Company decreased their target price on Ally Financial from $37.00 to $32.00 and set an “underweight” rating for the company in a research note on Thursday, September 26th. Keefe, Bruyette & Woods dropped their price target on Ally Financial from $50.00 to $44.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Finally, BTIG Research downgraded shares of Ally Financial from a “buy” rating to a “neutral” rating in a research report on Monday, September 16th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Ally Financial has a consensus rating of “Hold” and a consensus price target of $41.38.

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.