Qsemble Capital Management LP Grows Position in Ally Financial Inc. (NYSE:ALLY)

Qsemble Capital Management LP grew its position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 432.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,998 shares of the financial services provider's stock after purchasing an additional 35,736 shares during the quarter. Qsemble Capital Management LP's holdings in Ally Financial were worth $1,745,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its holdings 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 purchasing an additional 526 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Ally Financial during the 1st quarter worth approximately $28,000. Rise Advisors LLC acquired a new stake in shares of Ally Financial during the 1st quarter worth approximately $32,000. SYSTM Wealth Solutions LLC grew its position in shares of Ally Financial by 571.7% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 927 shares of the financial services provider's stock worth $38,000 after buying an additional 789 shares during the period. Finally, Quarry LP grew its position in shares of Ally Financial by 165.7% during the 4th quarter. Quarry LP now owns 959 shares of the financial services provider's stock worth $33,000 after buying an additional 598 shares during the period. Institutional investors own 88.76% of the company's stock.

Wall Street Analyst Weigh In

ALLY has been the subject of several recent analyst reports. Morgan Stanley reduced their price objective on shares of Ally Financial from $49.00 to $45.00 and set an "overweight" rating for the company in a research report on Wednesday. Royal Bank of Canada reduced their price target on shares of Ally Financial from $49.00 to $40.00 and set an "outperform" rating for the company in a research report on Thursday. 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 target for the company. Keefe, Bruyette & Woods lifted their price target 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. Finally, Evercore ISI lifted their price target on shares of Ally Financial from $43.00 to $45.00 and gave the company an "in-line" rating in a research report on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $41.65.

Ally Financial Stock Performance

Shares of NYSE ALLY traded up $0.12 during mid-day trading on Friday, reaching $32.97. 5,233,138 shares of the company's stock were exchanged, compared to its average volume of 3,429,737. The firm has a market capitalization of $10.02 billion, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. The firm has a 50-day moving average price of $41.43 and a two-hundred day moving average price of $39.73. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.92 and a quick ratio of 0.91. Ally Financial Inc. has a 52 week low of $22.54 and a 52 week high of $45.46.

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

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a dividend of $0.30 per share. The ex-dividend date was Thursday, August 1st. This represents a $1.20 annualized dividend and a yield of 3.64%. Ally Financial's payout ratio is currently 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.