Ally Financial Inc. (NYSE:ALLY) Shares Sold by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. lessened its stake in Ally Financial Inc. (NYSE:ALLY) by 2.9% during the second quarter, Holdings Channel reports. The firm owned 58,191 shares of the financial services provider’s stock after selling 1,749 shares during the period. Ameritas Investment Partners Inc.’s holdings in Ally Financial were worth $2,308,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in Ally Financial by 245.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 608,179 shares of the financial services provider’s stock valued at $24,687,000 after acquiring an additional 432,350 shares during the period. Allianz Asset Management GmbH grew its holdings in shares of Ally Financial by 18.7% during the 4th quarter. Allianz Asset Management GmbH now owns 1,662,075 shares of the financial services provider’s stock worth $58,040,000 after purchasing an additional 261,897 shares during the period. OLD National Bancorp IN increased its position in Ally Financial by 3.8% during the 2nd quarter. OLD National Bancorp IN now owns 880,601 shares of the financial services provider’s stock worth $34,933,000 after purchasing an additional 32,478 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Ally Financial by 15.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 369,491 shares of the financial services provider’s stock valued at $14,988,000 after buying an additional 49,539 shares during the period. Finally, Banque Cantonale Vaudoise lifted its position in Ally Financial by 309.5% during the first quarter. Banque Cantonale Vaudoise now owns 99,315 shares of the financial services provider’s stock valued at $4,031,000 after buying an additional 75,063 shares in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALLY has been the subject of several recent research reports. JPMorgan Chase & Co. raised shares of Ally Financial from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $39.00 to $45.00 in a research report on Monday, July 8th. Keefe, Bruyette & Woods cut their price objective on Ally Financial from $50.00 to $44.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Bank of America decreased their target price on Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Barclays dropped their target price on Ally Financial from $44.00 to $36.00 and set an “equal weight” rating on the stock in a report on Thursday, September 12th. Finally, Evercore ISI upped their price target on Ally Financial from $43.00 to $45.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Two investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $41.41.

Ally Financial Price Performance

ALLY opened at $34.48 on Friday. The company has a market capitalization of $10.48 billion, a P/E ratio of 14.07, a PEG ratio of 0.32 and a beta of 1.40. The company has a 50-day moving average of $40.54 and a 200-day moving average of $39.63. 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 Inc. has a 1-year low of $22.54 and a 1-year high of $45.46.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.33. The firm 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 quarter in the prior year, the firm posted $0.96 earnings per share. Equities analysts expect 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. Shareholders of record on Thursday, August 1st were issued a $0.30 dividend. 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 dividend payout ratio 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.