Andra AP fonden Purchases 85,000 Shares of Ally Financial Inc. (NYSE:ALLY)

Andra AP fonden boosted its holdings in Ally Financial Inc. (NYSE:ALLY - Free Report) by 30.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 366,100 shares of the financial services provider's stock after buying an additional 85,000 shares during the quarter. Andra AP fonden owned approximately 0.12% of Ally Financial worth $14,523,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ALLY. Price T Rowe Associates Inc. MD lifted its stake in shares of Ally Financial by 245.9% in 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 last quarter. Allianz Asset Management GmbH boosted its position in 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 worth $58,040,000 after buying an additional 261,897 shares during the period. OLD National Bancorp IN grew its holdings in Ally Financial by 3.8% during the 2nd quarter. OLD National Bancorp IN now owns 880,601 shares of the financial services provider's stock worth $34,933,000 after acquiring an additional 32,478 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of Ally Financial by 15.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 369,491 shares of the financial services provider's stock valued at $14,988,000 after acquiring an additional 49,539 shares during the last quarter. Finally, Banque Cantonale Vaudoise grew its stake in shares of Ally Financial by 309.5% in the first quarter. Banque Cantonale Vaudoise now owns 99,315 shares of the financial services provider's stock worth $4,031,000 after purchasing an additional 75,063 shares during the last quarter. Institutional investors own 88.76% of the company's stock.

Ally Financial Stock Up 0.6 %

Shares of NYSE ALLY traded up $0.20 during midday trading on Wednesday, hitting $32.87. 10,083,532 shares of the stock traded hands, compared to its average volume of 3,405,932. Ally Financial Inc. has a one year low of $22.54 and a one year high of $45.46. The business has a 50 day moving average price of $41.74 and a two-hundred day moving average price of $39.82. 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 company has a market cap of $9.99 billion, a PE ratio of 13.20, a P/E/G ratio of 0.38 and a beta of 1.41.

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 for the quarter, topping the consensus estimate of $0.64 by $0.33. The firm had revenue of $2 billion for 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%. The business's revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.96 earnings per share. On average, equities analysts predict that Ally Financial Inc. will post 3.51 EPS for the current 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 paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Thursday, August 1st. Ally Financial's dividend payout ratio (DPR) is presently 48.98%.

Analyst Ratings Changes

Several brokerages have commented on ALLY. JPMorgan Chase & Co. raised Ally Financial from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $39.00 to $45.00 in a report on Monday, July 8th. BTIG Research began coverage on Ally Financial in a report on Friday, June 7th. They issued a "buy" rating and a $51.00 target price on the stock. Keefe, Bruyette & Woods raised their price target on shares of Ally Financial from $45.00 to $48.00 and gave the stock an "outperform" rating in a report on Monday, July 8th. Wells Fargo & Company upped 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. Finally, Bank of America lowered their target price on shares of Ally Financial from $46.00 to $37.00 and set a "buy" rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $42.65.

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.