25,821 Shares in Ally Financial Inc. (NYSE:ALLY) Bought by Maverick Capital Ltd.

Maverick Capital Ltd. bought a new stake in Ally Financial Inc. (NYSE:ALLY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,821 shares of the financial services provider’s stock, valued at approximately $1,024,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALLY. Price T Rowe Associates Inc. MD raised its position in shares of Ally Financial by 245.9% in the 1st 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. OLD National Bancorp IN boosted its position in shares of Ally Financial by 3.8% during the second 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 grew its holdings in shares of Ally Financial by 15.5% in the 1st 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. Banque Cantonale Vaudoise increased its position in shares of Ally Financial by 309.5% in the 1st 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. Finally, Fulton Bank N.A. acquired a new stake in Ally Financial during the 2nd quarter worth $689,000. Institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Up 0.4 %

NYSE:ALLY opened at $34.97 on Friday. The firm has a market capitalization 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 company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.39. Ally Financial Inc. has a twelve month low of $22.54 and a twelve month high of $45.46. The stock’s 50 day moving average price is $39.67 and its two-hundred day moving average price is $39.53.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.33. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.96 earnings per share. Equities research analysts expect that Ally Financial Inc. will post 3.15 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend was Thursday, August 1st. Ally Financial’s payout ratio is currently 48.98%.

Analyst Upgrades and Downgrades

ALLY has been the subject of a number of research analyst reports. Evercore ISI boosted their target price on Ally Financial from $43.00 to $45.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. Royal Bank of Canada decreased their price objective on Ally Financial from $49.00 to $40.00 and set an “outperform” rating for the company 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. BTIG Research cut shares of Ally Financial from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. Finally, Morgan Stanley dropped 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. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.76.

Ally Financial 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.