Ally Financial Inc. (NYSE:ALLY) Stock Holdings Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its holdings in Ally Financial Inc. (NYSE:ALLY) by 4.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 395,832 shares of the financial services provider’s stock after selling 16,956 shares during the quarter. Victory Capital Management Inc.’s holdings in Ally Financial were worth $15,703,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. National Bank of Canada FI boosted its position in shares of Ally Financial by 1,764.8% during the second quarter. National Bank of Canada FI now owns 32,541 shares of the financial services provider’s stock worth $1,278,000 after buying an additional 30,796 shares during the period. Impact Partnership Wealth LLC boosted its position in Ally Financial by 29,177.8% during the 2nd quarter. Impact Partnership Wealth LLC now owns 10,540 shares of the financial services provider’s stock worth $418,000 after acquiring an additional 10,504 shares during the period. Natixis Advisors LLC grew its stake in shares of Ally Financial by 9.8% in the second quarter. Natixis Advisors LLC now owns 31,641 shares of the financial services provider’s stock worth $1,255,000 after purchasing an additional 2,828 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in shares of Ally Financial during the second quarter valued at $7,381,000. Finally, Commonwealth Equity Services LLC raised its stake in shares of Ally Financial by 4.1% during the second quarter. Commonwealth Equity Services LLC now owns 77,941 shares of the financial services provider’s stock valued at $3,092,000 after purchasing an additional 3,070 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Stock Up 0.4 %

Shares of NYSE:ALLY opened at $32.97 on Friday. 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 $10.02 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. Ally Financial Inc. has a 52 week low of $22.54 and a 52 week high of $45.46. The firm has a 50 day simple moving average of $41.30 and a 200 day simple moving average of $39.70.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.97 EPS for the quarter, beating the consensus estimate 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%. 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 earned $0.96 EPS. As a group, research analysts expect that Ally Financial Inc. will post 3.51 earnings per share for the current year.

Ally Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a $0.30 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.64%. Ally Financial’s dividend payout ratio (DPR) is presently 48.98%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ALLY. Royal Bank of Canada decreased their target price 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. Wells Fargo & Company upped their price target on shares of Ally Financial from $33.00 to $37.00 and gave the stock an “underweight” rating in a research note on Thursday, July 18th. Morgan Stanley reduced their price target on shares of Ally Financial from $49.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. raised shares of Ally Financial from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $39.00 to $45.00 in a research note on Monday, July 8th. Finally, Bank of America reduced their price target 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 investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $41.65.

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.