AustralianSuper Pty Ltd Has $113.62 Million Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

AustralianSuper Pty Ltd lowered its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 1.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,864,055 shares of the financial services provider's stock after selling 31,630 shares during the quarter. AustralianSuper Pty Ltd owned about 0.94% of Ally Financial worth $113,617,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Atomi Financial Group Inc. boosted its holdings in Ally Financial by 36.0% during the second quarter. Atomi Financial Group Inc. now owns 8,559 shares of the financial services provider's stock worth $340,000 after buying an additional 2,264 shares during the last quarter. Aspen Investment Management Inc acquired a new stake in shares of Ally Financial in the 2nd quarter valued at approximately $441,000. Allspring Global Investments Holdings LLC boosted its stake in Ally Financial by 510.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider's stock worth $25,000 after acquiring an additional 526 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Ally Financial by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 3,697,251 shares of the financial services provider's stock valued at $146,670,000 after purchasing an additional 31,491 shares during the period. Finally, Fifth Third Wealth Advisors LLC bought a new stake in Ally Financial in the second quarter valued at approximately $338,000. 88.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ALLY shares. Royal Bank of Canada boosted their price target on shares of Ally Financial from $46.00 to $49.00 and gave the company an "outperform" rating in a report on Thursday, July 18th. Evercore ISI increased their target price on Ally Financial from $43.00 to $45.00 and gave the stock an "in-line" rating in a research note on Tuesday, June 25th. Wells Fargo & Company upped their price target on shares of Ally Financial from $33.00 to $37.00 and gave the company an "underweight" rating in a report on Thursday, July 18th. Citigroup initiated coverage on shares of Ally Financial in a research report on Monday, June 24th. They set a "buy" rating and a $50.00 price objective for the company. Finally, JPMorgan Chase & Co. raised shares of Ally Financial from an "underweight" rating to a "neutral" rating and boosted their price objective for the company from $39.00 to $45.00 in a research report on Monday, July 8th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $42.78.

Ally Financial Stock Performance

Shares of Ally Financial stock traded up $0.05 during trading on Tuesday, hitting $42.93. 2,303,943 shares of the stock were exchanged, compared to its average volume of 3,211,477. Ally Financial Inc. has a 1-year low of $22.54 and a 1-year high of $45.46. The stock has a market capitalization of $13.05 billion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 0.42 and a beta of 1.41. The company has a fifty day moving average price of $41.56 and a 200-day moving average price of $39.50. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.39.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings data 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 company had revenue of $2 billion during the quarter, compared to analysts' expectations of $2.03 billion. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. The business's revenue was down 3.8% on a year-over-year basis. During the same period last year, the firm posted $0.96 earnings per share. As a group, equities analysts predict that Ally Financial Inc. will post 3.42 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend was Thursday, August 1st. Ally Financial's payout ratio is presently 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.

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