Quest Partners LLC Has $1.33 Million Stake in Ally Financial Inc. (NYSE:ALLY)

Quest Partners LLC grew its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 119,571.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,508 shares of the financial services provider's stock after purchasing an additional 33,480 shares during the period. Quest Partners LLC's holdings in Ally Financial were worth $1,329,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Oak Thistle LLC bought a new stake in shares of Ally Financial in the second quarter valued at approximately $314,000. Acadian Asset Management LLC acquired a new stake in shares of Ally Financial during the 2nd quarter worth $1,269,000. Los Angeles Capital Management LLC increased its position in shares of Ally Financial by 182.2% in the second quarter. Los Angeles Capital Management LLC now owns 726,718 shares of the financial services provider's stock worth $28,829,000 after purchasing an additional 469,199 shares during the period. Candriam S.C.A. acquired a new position in Ally Financial in the second quarter valued at about $522,000. Finally, Arizona State Retirement System raised its stake in Ally Financial by 0.6% in the second quarter. Arizona State Retirement System now owns 75,147 shares of the financial services provider's stock valued at $2,981,000 after purchasing an additional 480 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company's stock.

Ally Financial Trading Down 17.6 %

Shares of ALLY stock traded down $6.98 on Tuesday, hitting $32.68. The company had a trading volume of 27,116,901 shares, compared to its average volume of 3,367,390. 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 twelve month low of $22.54 and a twelve month high of $45.46. The stock's 50-day moving average is $41.89 and its two-hundred day moving average is $39.85. The firm has a market cap of $9.93 billion, a P/E ratio of 13.68, a P/E/G ratio of 0.38 and a beta of 1.41.

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, equities research analysts anticipate that Ally Financial Inc. will post 3.51 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.67%. The ex-dividend date was Thursday, August 1st. Ally Financial's dividend payout ratio (DPR) is presently 48.98%.

Analyst Ratings Changes

ALLY has been the topic of several recent analyst reports. Morgan Stanley raised their target price on shares of Ally Financial from $47.00 to $49.00 and gave the company an "overweight" rating in a report on Thursday, July 18th. Keefe, Bruyette & Woods boosted their price objective on shares of Ally Financial from $45.00 to $48.00 and gave the company an "outperform" rating in a research report on Monday, July 8th. JPMorgan Chase & Co. raised Ally Financial from an "underweight" rating to a "neutral" rating and raised their target price for the company from $39.00 to $45.00 in a report on Monday, July 8th. Evercore ISI upped their price objective on Ally Financial from $43.00 to $45.00 and gave the stock an "in-line" rating in a research report on Tuesday, June 25th. Finally, Wells Fargo & Company upped their price objective on Ally Financial from $33.00 to $37.00 and gave the stock an "underweight" rating in a research report on Thursday, July 18th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Ally Financial currently has an average rating of "Hold" and a consensus price target of $43.41.

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.