Profund Advisors LLC Decreases Stake in Ally Financial Inc. (NYSE:ALLY)

Profund Advisors LLC lessened its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 9.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,093 shares of the financial services provider’s stock after selling 756 shares during the period. Profund Advisors LLC’s holdings in Ally Financial were worth $281,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Ally Financial by 510.7% during 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 during the period. Transcendent Capital Group LLC purchased a new position in Ally Financial during the first quarter worth about $28,000. Rise Advisors LLC acquired a new position in Ally Financial in the 1st quarter valued at about $32,000. Quarry LP grew its stake in shares of Ally Financial by 165.7% in the 4th quarter. Quarry LP now owns 959 shares of the financial services provider’s stock valued at $33,000 after buying an additional 598 shares during the period. Finally, SYSTM Wealth Solutions LLC increased its holdings in shares of Ally Financial by 571.7% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 927 shares of the financial services provider’s stock worth $38,000 after buying an additional 789 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on ALLY. Morgan Stanley decreased their price objective on Ally Financial from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. Citigroup started coverage on Ally Financial in a report on Monday, June 24th. They set a “buy” rating and a $50.00 price target for the company. Royal Bank of Canada reduced 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. Keefe, Bruyette & Woods lowered their target price on shares of Ally Financial from $50.00 to $44.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Finally, Wells Fargo & Company reduced their price target on shares of Ally Financial from $37.00 to $32.00 and set an “underweight” rating on the stock in a research note on Thursday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $40.76.

Ally Financial Price Performance

Shares of NYSE ALLY opened at $34.96 on Friday. 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 cap of $10.63 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 0.37 and a beta of 1.40. The stock’s 50-day moving average is $39.81 and its two-hundred day moving average is $39.55. Ally Financial Inc. has a 1-year low of $22.54 and a 1-year high of $45.46.

Ally Financial (NYSE:ALLY) last released its earnings results on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share 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 for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the firm earned $0.96 earnings per share. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. Analysts forecast that Ally Financial Inc. will post 3.15 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were given a dividend of $0.30 per share. The ex-dividend date was Thursday, August 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.43%. Ally Financial’s dividend payout ratio (DPR) is currently 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.