Thompson Siegel & Walmsley LLC Cuts Stock Position in Ally Financial Inc. (NYSE:ALLY)

Thompson Siegel & Walmsley LLC trimmed its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 5.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,299,144 shares of the financial services provider's stock after selling 78,834 shares during the period. Thompson Siegel & Walmsley LLC owned approximately 0.43% of Ally Financial worth $51,537,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Ally Financial by 510.7% in the second 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 purchased a new position in shares of Ally Financial in the 1st quarter worth approximately $28,000. Rise Advisors LLC purchased a new position in Ally Financial in the first quarter worth $32,000. Quarry LP increased its position in Ally Financial by 165.7% during 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 in the last quarter. Finally, SYSTM Wealth Solutions LLC raised its position in shares of 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 purchasing an additional 789 shares during the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Ally Financial Stock Up 0.4 %

Shares of ALLY stock traded up $0.12 during trading hours 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 has a market capitalization of $10.02 billion, a P/E ratio of 13.46, a P/E/G ratio of 0.32 and a beta of 1.40. The business's fifty day moving average is $41.30 and its two-hundred day moving average is $39.73. Ally Financial Inc. has a 12-month low of $22.54 and a 12-month high of $45.46. 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 (NYSE:ALLY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.33. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the company posted $0.96 earnings per share. The firm's quarterly revenue was down 3.8% compared to the same quarter last year. As a group, research analysts expect that Ally Financial Inc. will post 3.51 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date was Thursday, August 1st. Ally Financial's dividend payout ratio is currently 48.98%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. upgraded Ally Financial from an "underweight" rating to a "neutral" rating and upped their target price for the company from $39.00 to $45.00 in a research report on Monday, July 8th. Deutsche Bank Aktiengesellschaft reduced their target price on Ally Financial from $51.00 to $50.00 and set a "buy" rating for the company in a research note on Monday, July 1st. Barclays lowered their price objective on Ally Financial from $44.00 to $36.00 and set an "equal weight" rating on the stock in a report on Thursday. Evercore ISI increased their target price 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. Finally, Keefe, Bruyette & Woods lifted their price objective on Ally Financial from $45.00 to $48.00 and gave the stock an "outperform" rating in a research report on Monday, July 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Ally Financial presently has an average rating of "Hold" and a consensus price target of $41.65.

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.