Poplar Forest Capital LLC Sells 56,037 Shares of Ally Financial Inc. (NYSE:ALLY)

Poplar Forest Capital LLC trimmed its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 10.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 465,797 shares of the financial services provider's stock after selling 56,037 shares during the quarter. Ally Financial comprises about 2.6% of Poplar Forest Capital LLC's investment portfolio, making the stock its 23rd largest holding. Poplar Forest Capital LLC owned approximately 0.15% of Ally Financial worth $18,478,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Ally Financial by 245.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 608,179 shares of the financial services provider's stock valued at $24,687,000 after acquiring an additional 432,350 shares during the period. Allianz Asset Management GmbH grew its stake in Ally Financial by 18.7% during the fourth quarter. Allianz Asset Management GmbH now owns 1,662,075 shares of the financial services provider's stock worth $58,040,000 after buying an additional 261,897 shares in the last quarter. OLD National Bancorp IN increased its holdings in Ally Financial by 3.8% in the 2nd quarter. OLD National Bancorp IN now owns 880,601 shares of the financial services provider's stock valued at $34,933,000 after buying an additional 32,478 shares during the period. CANADA LIFE ASSURANCE Co raised its position in shares of Ally Financial by 15.5% in 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 in the last quarter. Finally, Banque Cantonale Vaudoise lifted its holdings 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 worth $4,031,000 after acquiring an additional 75,063 shares during the period. Institutional investors and hedge funds own 88.76% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ALLY shares. Wells Fargo & Company lifted their price objective on shares of Ally Financial from $33.00 to $37.00 and gave the company an "underweight" rating in a research note on Thursday, July 18th. Keefe, Bruyette & Woods boosted their target price on Ally Financial from $45.00 to $48.00 and gave the stock an "outperform" rating in a research note on Monday, July 8th. JPMorgan Chase & Co. upgraded shares of Ally Financial from an "underweight" rating to a "neutral" rating and raised their price target for the company from $39.00 to $45.00 in a research note on Monday, July 8th. BTIG Research initiated coverage on shares of Ally Financial in a research report on Friday, June 7th. They set a "buy" rating and a $51.00 price objective for the company. Finally, Evercore ISI increased their price objective on shares of Ally Financial from $43.00 to $45.00 and gave the company an "in-line" rating in a research note on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Ally Financial currently has an average rating of "Hold" and an average price target of $43.41.

Ally Financial Trading Down 3.4 %

Shares of ALLY traded down $1.38 during mid-day trading on Friday, reaching $39.56. 6,049,224 shares of the company were exchanged, compared to its average volume of 3,227,560. The stock has a market capitalization of $12.03 billion, a PE ratio of 16.15, a PEG ratio of 0.42 and a beta of 1.40. Ally Financial Inc. has a 52 week low of $22.54 and a 52 week high of $45.46. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.91 and a current ratio of 0.92. The business has a 50 day simple moving average of $41.88 and a two-hundred day simple moving average of $39.82.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its earnings results on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.33. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. Ally Financial's quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 earnings per share. On average, analysts predict that Ally Financial Inc. will post 3.51 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Thursday, August 1st. Ally Financial's payout ratio is 48.98%.

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.