Ally Financial Inc. (NYSE:ALLY) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC cut its holdings in Ally Financial Inc. (NYSE:ALLY) by 9.9% in the 1st quarter, HoldingsChannel reports. The fund owned 34,290 shares of the financial services provider’s stock after selling 3,750 shares during the period. Gabelli Funds LLC’s holdings in Ally Financial were worth $1,392,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Donald Smith & CO. Inc. grew its stake in shares of Ally Financial by 22.0% during the 4th quarter. Donald Smith & CO. Inc. now owns 2,752,830 shares of the financial services provider’s stock valued at $96,129,000 after buying an additional 495,584 shares during the period. Allianz Asset Management GmbH grew its stake in shares of Ally Financial by 18.7% during the 4th quarter. Allianz Asset Management GmbH now owns 1,662,075 shares of the financial services provider’s stock valued at $58,040,000 after buying an additional 261,897 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of Ally Financial by 15.5% during 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 grew its stake in shares of Ally Financial by 309.5% during 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 during the period. Finally, Duality Advisers LP purchased a new stake in shares of Ally Financial during the 1st quarter valued at $1,000,000. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Ally Financial from $51.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, July 1st. JPMorgan Chase & Co. raised shares of Ally Financial from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $39.00 to $45.00 in a research report on Monday, July 8th. Compass Point upped their price target on shares of Ally Financial from $28.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Citigroup assumed 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 for the company. Finally, TD Cowen upped their price target on shares of Ally Financial from $42.00 to $43.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Two research 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, Ally Financial currently has an average rating of “Hold” and a consensus price target of $42.78.

Ally Financial Stock Up 1.5 %

Shares of Ally Financial stock traded up $0.64 during trading on Friday, reaching $43.99. The company had a trading volume of 1,988,217 shares, compared to its average volume of 3,126,937. The company has a market cap of $13.37 billion, a price-to-earnings ratio of 17.96, a price-to-earnings-growth ratio of 0.43 and a beta of 1.41. The firm’s fifty day moving average is $40.23 and its 200-day moving average is $38.49. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.91 and a current ratio of 0.92. Ally Financial Inc. has a fifty-two week low of $22.54 and a fifty-two week high of $44.50.

Ally Financial (NYSE:ALLY) last issued its earnings results on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.33. The business 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 revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.96 EPS. On average, analysts anticipate that Ally Financial Inc. will post 3.42 EPS for the current year.

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.20 annualized dividend and a yield of 2.73%. Ally Financial’s dividend payout ratio (DPR) is 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.