Swiss National Bank Has $33 Million Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

Swiss National Bank trimmed its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 4.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 812,920 shares of the financial services provider's stock after selling 35,900 shares during the period. Swiss National Bank owned approximately 0.27% of Ally Financial worth $32,996,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Forsta AP Fonden grew its position in Ally Financial by 7.1% in the 1st quarter. Forsta AP Fonden now owns 48,500 shares of the financial services provider's stock valued at $1,969,000 after buying an additional 3,200 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Ally Financial during the 1st quarter worth $367,000. ANTIPODES PARTNERS Ltd boosted its position in shares of Ally Financial by 90.9% during the 1st quarter. ANTIPODES PARTNERS Ltd now owns 1,529,093 shares of the financial services provider's stock worth $62,066,000 after purchasing an additional 727,966 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Ally Financial during the 1st quarter worth $812,000. Finally, Duality Advisers LP purchased a new stake in shares of Ally Financial during the 1st quarter worth $1,000,000. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Ally Financial Trading Up 1.6 %

Shares of NYSE ALLY traded up $0.68 on Tuesday, reaching $44.46. 3,941,319 shares of the company traded hands, compared to its average volume of 3,386,029. Ally Financial Inc. has a fifty-two week low of $22.54 and a fifty-two week high of $44.50. The company has a 50 day moving average of $39.71 and a 200 day moving average of $38.01. 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 stock has a market capitalization of $13.51 billion, a PE ratio of 18.15, a P/E/G ratio of 0.50 and a beta of 1.42.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.12. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the company posted $0.82 EPS. The company's quarterly revenue was down 5.4% compared to the same quarter last year. On average, equities research analysts forecast that Ally Financial Inc. will post 2.98 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Thursday, August 1st. Ally Financial's payout ratio is currently 48.98%.

Analyst Ratings Changes

Several brokerages have commented on ALLY. JPMorgan Chase & Co. upgraded shares of Ally Financial from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $39.00 to $45.00 in a research report on Monday, July 8th. StockNews.com upgraded shares of Ally Financial from a "sell" rating to a "hold" rating in a research report on Friday, April 26th. Wells Fargo & Company boosted their price objective on shares of Ally Financial from $29.00 to $33.00 and gave the stock an "underweight" rating in a research report on Wednesday, April 10th. BTIG Research initiated 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 on the stock. Finally, BMO Capital Markets boosted their price objective on shares of Ally Financial from $36.00 to $37.00 and gave the stock a "market perform" rating in a research report on Friday, April 19th. Two equities 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $41.89.

About Ally Financial

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.