Poplar Forest Capital LLC Sells 203,927 Shares of Ally Financial Inc. (NYSE:ALLY)

Poplar Forest Capital LLC lowered its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 28.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 524,170 shares of the financial services provider’s stock after selling 203,927 shares during the quarter. Ally Financial accounts for about 2.7% of Poplar Forest Capital LLC’s portfolio, making the stock its 21st largest position. Poplar Forest Capital LLC owned about 0.17% of Ally Financial worth $18,304,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Bailard Inc. lifted its position in Ally Financial by 40.7% during the fourth quarter. Bailard Inc. now owns 62,127 shares of the financial services provider’s stock valued at $2,169,000 after purchasing an additional 17,985 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in Ally Financial by 11.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,147 shares of the financial services provider’s stock valued at $319,000 after purchasing an additional 968 shares during the last quarter. Bfsg LLC bought a new position in Ally Financial during the fourth quarter valued at $244,000. GAMMA Investing LLC bought a new position in Ally Financial during the fourth quarter valued at $78,000. Finally, Linden Thomas Advisory Services LLC bought a new position in Ally Financial during the fourth quarter valued at $207,000. Institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Up 0.1 %

Shares of NYSE:ALLY traded up $0.05 during trading on Wednesday, reaching $39.76. The stock had a trading volume of 3,365,989 shares, compared to its average volume of 4,005,403. Ally Financial Inc. has a one year low of $22.54 and a one year high of $41.56. The company has a market capitalization of $12.09 billion, a P/E ratio of 16.23, a PEG ratio of 0.58 and a beta of 1.40. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.50. The firm’s 50-day simple moving average is $37.92 and its 200 day simple moving average is $33.28.

Ally Financial (NYSE:ALLY) last released its earnings results on Thursday, April 18th. The financial services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.12. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. Ally Financial’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period last year, the business earned $0.82 EPS. As a group, research analysts expect that Ally Financial Inc. will post 2.95 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Tuesday, April 30th. Ally Financial’s payout ratio is 48.98%.

Wall Street Analysts Forecast Growth

ALLY has been the subject of several analyst reports. JPMorgan Chase & Co. lowered shares of Ally Financial from a “neutral” rating to an “underweight” rating and raised their target price for the stock from $37.00 to $39.00 in a report on Wednesday, April 3rd. Barclays raised their target price on shares of Ally Financial from $32.00 to $43.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Raymond James lowered shares of Ally Financial from a “market perform” rating to an “underperform” rating in a report on Friday, January 5th. TD Cowen raised their target price on shares of Ally Financial from $42.00 to $43.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Finally, TheStreet raised shares of Ally Financial from a “c+” rating to a “b-” rating in a research note on Thursday, January 11th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Ally Financial presently has a consensus rating of “Hold” and an average target price of $38.47.

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.