ProShare Advisors LLC Has $512,000 Stock Position in Ally Financial Inc. (NYSE:ALLY)

ProShare Advisors LLC lessened its holdings in Ally Financial Inc. (NYSE:ALLY) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,902 shares of the financial services provider’s stock after selling 348 shares during the period. ProShare Advisors LLC’s holdings in Ally Financial were worth $512,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Fifth Third Bancorp grew its stake in shares of Ally Financial by 1.2% in the 2nd quarter. Fifth Third Bancorp now owns 23,275 shares of the financial services provider’s stock worth $923,000 after acquiring an additional 278 shares in the last quarter. Trust Co. of Toledo NA OH increased its stake in Ally Financial by 1.7% in the 1st quarter. Trust Co. of Toledo NA OH now owns 17,622 shares of the financial services provider’s stock valued at $715,000 after buying an additional 287 shares during the last quarter. Signet Financial Management LLC lifted 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 worth $295,000 after buying an additional 330 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Ally Financial by 10.2% in the 2nd quarter. Blue Trust Inc. now owns 4,308 shares of the financial services provider’s stock worth $175,000 after buying an additional 400 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of 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 valued at $65,000 after acquiring an additional 463 shares in the last quarter. Institutional investors own 88.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ALLY shares. Morgan Stanley cut their price objective on Ally Financial from $49.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. Bank of America reduced their price target on shares of Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Royal Bank of Canada lowered their price objective on shares of Ally Financial from $49.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, September 12th. JPMorgan Chase & Co. raised shares of Ally Financial from an “underweight” rating to a “neutral” rating and increased their target price for the company from $39.00 to $45.00 in a research report on Monday, July 8th. Finally, Wells Fargo & Company dropped their price objective on Ally Financial from $37.00 to $32.00 and set an “underweight” rating on the stock in a research note on Thursday, September 26th. Two 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $41.38.

Ally Financial Stock Performance

Ally Financial stock opened at $35.57 on Tuesday. Ally Financial Inc. has a 1-year low of $22.54 and a 1-year high of $45.46. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $10.81 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 0.37 and a beta of 1.40. The firm’s 50 day simple moving average is $39.55 and its 200 day simple moving average is $39.53.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.33. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the business posted $0.96 earnings per share. The firm’s revenue was down 3.8% compared to the same quarter last year. As a group, analysts expect that Ally Financial Inc. will post 3.15 earnings per share 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 issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.37%. The ex-dividend date was Thursday, August 1st. Ally Financial’s payout ratio is 48.98%.

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.