Victory Capital Management Inc. Has $15.70 Million Stock Position in Ally Financial Inc. (NYSE:ALLY)

Victory Capital Management Inc. reduced its holdings in Ally Financial Inc. (NYSE:ALLY - Free Report) by 4.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 395,832 shares of the financial services provider's stock after selling 16,956 shares during the period. Victory Capital Management Inc. owned 0.13% of Ally Financial worth $15,703,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALLY. Allspring Global Investments Holdings LLC increased its stake in shares of 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 position in shares of Ally Financial during the 1st quarter worth about $28,000. Rise Advisors LLC acquired a new position in shares of Ally Financial during the 1st quarter worth about $32,000. Quarry LP grew its stake in Ally Financial by 165.7% in the 4th quarter. Quarry LP now owns 959 shares of the financial services provider's stock valued at $33,000 after buying an additional 598 shares during the last quarter. Finally, SYSTM Wealth Solutions LLC grew its stake in Ally Financial by 571.7% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 927 shares of the financial services provider's stock valued at $38,000 after buying an additional 789 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on ALLY shares. JPMorgan Chase & Co. upgraded shares of Ally Financial from an "underweight" rating to a "neutral" rating and upped their price target for the company from $39.00 to $45.00 in a research note on Monday, July 8th. Barclays decreased their price target on shares of Ally Financial from $44.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Thursday. Keefe, Bruyette & Woods upped their price target on shares of Ally Financial from $45.00 to $48.00 and gave the company an "outperform" rating in a research note on Monday, July 8th. Citigroup started coverage on shares of Ally Financial in a research note on Monday, June 24th. They issued a "buy" rating and a $50.00 price target on the stock. Finally, 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 research note on Thursday, July 18th. 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. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $41.65.

Ally Financial Price Performance

Shares of Ally Financial stock traded up $0.12 on Friday, reaching $32.97. 5,233,407 shares of the stock were exchanged, compared to its average volume of 3,429,737. The firm's 50 day moving average is $41.30 and its 200-day moving average is $39.73. Ally Financial Inc. has a one year low of $22.54 and a one year 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 firm has a market cap of $10.02 billion, a PE ratio of 13.46, a P/E/G ratio of 0.32 and a beta of 1.40.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly 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 company 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%. The firm's quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 EPS. As a group, analysts anticipate that Ally Financial Inc. will post 3.51 EPS for the current fiscal year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend was Thursday, August 1st. Ally Financial's payout ratio is 48.98%.

Ally Financial Company 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.