Twin Capital Management Inc. lessened its holdings in shares of Ally Financial Inc (NYSE:ALLY) by 7.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 233,660 shares of the financial services provider’s stock after selling 20,130 shares during the quarter. Twin Capital Management Inc. owned approximately 0.06% of Ally Financial worth $7,241,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in ALLY. Stevens Capital Management LP purchased a new stake in shares of Ally Financial during the second quarter valued at $1,594,000. Saturna Capital CORP boosted its position in shares of Ally Financial by 3.6% during the second quarter. Saturna Capital CORP now owns 46,732 shares of the financial services provider’s stock valued at $1,448,000 after buying an additional 1,607 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Ally Financial by 16.3% during the second quarter. Janus Henderson Group PLC now owns 880,373 shares of the financial services provider’s stock valued at $27,281,000 after buying an additional 123,680 shares during the last quarter. Aperio Group LLC boosted its position in shares of Ally Financial by 44.7% during the second quarter. Aperio Group LLC now owns 720,324 shares of the financial services provider’s stock valued at $22,323,000 after buying an additional 222,374 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Ally Financial by 10.2% during the second quarter. KBC Group NV now owns 1,079,441 shares of the financial services provider’s stock valued at $33,452,000 after buying an additional 99,567 shares during the last quarter. Institutional investors own 96.94% of the company’s stock.
Several equities research analysts recently commented on ALLY shares. Zacks Investment Research cut Ally Financial from a “buy” rating to a “hold” rating and set a $33.00 price objective on the stock. in a research report on Tuesday, July 2nd. Barclays reaffirmed a “buy” rating on shares of Ally Financial in a research report on Sunday, July 21st. Morgan Stanley increased their price objective on Ally Financial from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday, April 22nd. Oppenheimer set a $33.00 price objective on Ally Financial and gave the company a “buy” rating in a research report on Wednesday, April 17th. Finally, Nomura increased their price objective on Ally Financial from $29.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Ally Financial has an average rating of “Buy” and an average target price of $35.00.
Shares of NYSE ALLY traded up $0.01 during trading on Thursday, hitting $30.02. The company had a trading volume of 172,769 shares, compared to its average volume of 3,549,370. The company has a 50 day simple moving average of $32.06. The company has a market capitalization of $11.76 billion, a price-to-earnings ratio of 8.98, a P/E/G ratio of 0.62 and a beta of 1.31. Ally Financial Inc has a 12 month low of $20.60 and a 12 month high of $34.22. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.62.
Ally Financial (NYSE:ALLY) last issued its earnings results on Thursday, July 18th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.09. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.53 billion. Ally Financial had a return on equity of 10.89% and a net margin of 26.59%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the company earned $0.83 EPS. Equities analysts anticipate that Ally Financial Inc will post 3.72 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Wednesday, July 31st. Ally Financial’s dividend payout ratio (DPR) is presently 20.36%.
In related news, insider Diane E. Morais sold 15,000 shares of Ally Financial stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $33.35, for a total transaction of $500,250.00. Following the sale, the insider now owns 220,048 shares of the company’s stock, valued at approximately $7,338,600.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO David J. Debrunner sold 2,222 shares of Ally Financial stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $28.80, for a total value of $63,993.60. Following the sale, the chief accounting officer now directly owns 107,979 shares in the company, valued at approximately $3,109,795.20. The disclosure for this sale can be found here. Insiders have sold a total of 21,666 shares of company stock worth $706,918 in the last three months. 0.35% of the stock is owned by corporate insiders.
About Ally Financial
Ally Financial Inc provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
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