Mutual of America Capital Management LLC Sells 6,000 Shares of Ally Financial Inc. (NYSE:ALLY)

Mutual of America Capital Management LLC lessened its position in Ally Financial Inc. (NYSE:ALLY) by 3.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 161,757 shares of the financial services provider’s stock after selling 6,000 shares during the quarter. Mutual of America Capital Management LLC owned about 0.05% of Ally Financial worth $6,566,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Scout Investments Inc. bought a new stake in shares of Ally Financial during the fourth quarter valued at approximately $63,080,000. Norges Bank bought a new stake in Ally Financial in the fourth quarter valued at about $62,869,000. ANTIPODES PARTNERS Ltd bought a new position in Ally Financial during the fourth quarter worth about $27,975,000. Donald Smith & CO. Inc. boosted its holdings in Ally Financial by 22.0% during the fourth quarter. Donald Smith & CO. Inc. now owns 2,752,830 shares of the financial services provider’s stock valued at $96,129,000 after purchasing an additional 495,584 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Ally Financial by 2,376.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 514,548 shares of the financial services provider’s stock valued at $17,968,000 after purchasing an additional 493,772 shares during the period. Institutional investors and hedge funds own 88.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ALLY. Wells Fargo & Company boosted their target price on Ally Financial from $29.00 to $33.00 and gave the stock an “underweight” rating in a report on Wednesday, April 10th. StockNews.com upgraded Ally Financial from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Citigroup began coverage on shares of Ally Financial in a research report on Monday, June 24th. They set a “buy” rating and a $50.00 price target on the stock. BTIG Research started coverage on shares of Ally Financial in a research report on Friday, June 7th. They issued a “buy” rating and a $51.00 price objective for the company. Finally, Bank of America upgraded shares of Ally Financial from a “neutral” rating to a “buy” rating and upped their target price for the stock from $42.00 to $46.00 in a research report on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $41.89.

Ally Financial Stock Up 1.7 %

Ally Financial stock traded up $0.66 during mid-day trading on Monday, reaching $40.50. The company’s stock had a trading volume of 2,289,575 shares, compared to its average volume of 3,396,376. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.92 and a current ratio of 0.92. Ally Financial Inc. has a 12 month low of $22.54 and a 12 month high of $41.77. The business’s 50 day simple moving average is $39.39 and its 200 day simple moving average is $37.74. The company has a market capitalization of $12.31 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 0.48 and a beta of 1.41.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.12. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. Ally Financial had a return on equity of 8.35% and a net margin of 10.59%. The business’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 EPS. As a group, research analysts anticipate that Ally Financial Inc. will post 3 earnings per share for the current year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $1.20 annualized dividend and a yield of 2.96%. Ally Financial’s dividend payout ratio is 48.98%.

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.