Ally Financial Inc. (NYSE:ALLY) Shares Sold by Marshall Wace LLP

Marshall Wace LLP cut its stake in Ally Financial Inc. (NYSE:ALLY) by 44.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 757,797 shares of the financial services provider’s stock after selling 613,066 shares during the quarter. Marshall Wace LLP’s holdings in Ally Financial were worth $30,062,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Fifth Third Bancorp grew its holdings in shares of Ally Financial by 1.2% in the second quarter. Fifth Third Bancorp now owns 23,275 shares of the financial services provider’s stock valued at $923,000 after purchasing an additional 278 shares during the period. Trust Co. of Toledo NA OH increased its holdings in shares of Ally Financial by 1.7% during the 1st quarter. Trust Co. of Toledo NA OH now owns 17,622 shares of the financial services provider’s stock worth $715,000 after buying an additional 287 shares during the last quarter. Signet Financial Management LLC raised its position in shares of Ally Financial by 4.8% during the 1st quarter. Signet Financial Management LLC now owns 7,273 shares of the financial services provider’s stock valued at $295,000 after buying an additional 330 shares during the period. Blue Trust Inc. lifted its holdings in Ally Financial by 10.2% in the second quarter. Blue Trust Inc. now owns 4,308 shares of the financial services provider’s stock valued at $175,000 after acquiring an additional 400 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in Ally Financial by 39.7% in the second quarter. Versant Capital Management Inc now owns 1,630 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 463 shares during the period. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Trading Up 0.5 %

ALLY opened at $34.80 on Friday. The business has a fifty day moving average price of $39.96 and a 200 day moving average price of $39.58. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.92 and a quick ratio of 0.91. Ally Financial Inc. has a 12 month low of $22.54 and a 12 month high of $45.46. The stock has a market capitalization of $10.58 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 0.37 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 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.33. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 earnings per share. Sell-side analysts expect that Ally Financial Inc. will post 3.15 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were paid a dividend of $0.30 per share. 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 3.45%. Ally Financial’s payout ratio is currently 48.98%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. TD Cowen reduced their target price on Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a research report on Monday. Morgan Stanley reduced their price objective on shares of Ally Financial from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. Bank of America lowered their target price 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. JPMorgan Chase & Co. raised shares of Ally Financial from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $39.00 to $45.00 in a research note on Monday, July 8th. Finally, Barclays lowered their price objective on shares of Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a research report on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $40.76.

About Ally Financial

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.