Vanguard Personalized Indexing Management LLC Raises Stake in Ally Financial Inc. (NYSE:ALLY)

Vanguard Personalized Indexing Management LLC increased its stake in Ally Financial Inc. (NYSE:ALLY) by 8.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,664 shares of the financial services provider’s stock after buying an additional 3,096 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Ally Financial were worth $1,653,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its stake in Ally Financial by 510.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 526 shares in the last quarter. Transcendent Capital Group LLC bought a new position in Ally Financial in the first quarter worth approximately $28,000. Rise Advisors LLC purchased a new position in Ally Financial during the 1st quarter worth $32,000. Quarry LP raised its position in Ally Financial by 165.7% during the 4th quarter. Quarry LP now owns 959 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 598 shares in the last quarter. Finally, SYSTM Wealth Solutions LLC raised its position in Ally Financial by 571.7% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 927 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 789 shares in the last quarter. Institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Down 1.4 %

Shares of ALLY stock opened at $34.48 on Friday. The stock’s fifty day moving average price is $40.54 and its 200 day moving average price is $39.63. Ally Financial Inc. has a 1-year low of $22.54 and a 1-year high of $45.46. The company has a market cap of $10.48 billion, a price-to-earnings ratio of 14.07, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. 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 (NYSE:ALLY) last issued its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.03 billion. The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the company earned $0.96 earnings per share. On average, research analysts expect that Ally Financial Inc. will post 3.51 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were issued a $0.30 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.48%. Ally Financial’s dividend payout ratio is currently 48.98%.

Analyst Ratings Changes

ALLY has been the topic of a number of recent research reports. Barclays dropped their price target on Ally Financial from $44.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 12th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Ally Financial from $51.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, July 1st. Morgan Stanley reduced their price target on shares of Ally Financial from $49.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. Wells Fargo & Company increased their price objective on shares of Ally Financial from $33.00 to $37.00 and gave the company an “underweight” rating in a research note on Thursday, July 18th. Finally, Royal Bank of Canada cut their price objective on shares of Ally Financial from $49.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, September 12th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Ally Financial presently has an average rating of “Hold” and an average price target of $41.41.

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.