Ally Financial Inc. (NYSE:ALLY) Shares Sold by Bailard Inc.

Bailard Inc. trimmed its holdings in Ally Financial Inc. (NYSE:ALLY) by 3.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 56,824 shares of the financial services provider’s stock after selling 2,100 shares during the quarter. Bailard Inc.’s holdings in Ally Financial were worth $2,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Boston Partners acquired a new position in Ally Financial during the 1st quarter valued at about $152,079,000. Bank of New York Mellon Corp increased its stake in shares of Ally Financial by 0.9% during the second 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 acquiring an additional 31,491 shares during the period. Donald Smith & CO. Inc. raised its holdings in Ally Financial by 0.8% during the first 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Ally Financial by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,346,882 shares of the financial services provider’s stock worth $81,953,000 after purchasing an additional 42,556 shares during the period. Finally, Magnolia Group LLC boosted its stake in Ally Financial by 3.7% during the 4th quarter. Magnolia Group LLC now owns 2,120,122 shares of the financial services provider’s stock valued at $74,035,000 after purchasing an additional 76,000 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Evercore ISI upped their price objective on Ally Financial from $43.00 to $45.00 and gave the company an “in-line” rating in a report on Tuesday, June 25th. Royal Bank of Canada upped their price target on shares of Ally Financial from $46.00 to $49.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Keefe, Bruyette & Woods lifted their price objective on shares of Ally Financial from $45.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday, July 8th. Morgan Stanley increased their target price on shares of Ally Financial from $47.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Finally, JPMorgan Chase & Co. upgraded shares of Ally Financial from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $39.00 to $45.00 in a research report on Monday, July 8th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $42.78.

Ally Financial Trading Down 1.6 %

Shares of NYSE:ALLY opened at $42.87 on Tuesday. Ally Financial Inc. has a 1 year low of $22.54 and a 1 year high of $45.46. The business’s 50 day simple moving average is $41.50 and its 200 day simple moving average is $39.46. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.92 and a quick ratio of 0.91. The company has a market capitalization of $13.03 billion, a P/E ratio of 17.50, a P/E/G ratio of 0.42 and a beta of 1.41.

Ally Financial (NYSE:ALLY) last posted its earnings results on Wednesday, July 17th. The financial services provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.33. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the prior year, the business earned $0.96 earnings per share. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, research analysts anticipate that Ally Financial Inc. will post 3.42 EPS for the current fiscal year.

Ally Financial Announces Dividend

The business also recently declared 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 of this dividend was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.80%. Ally Financial’s dividend payout ratio (DPR) is presently 48.98%.

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.