Ally Financial Inc. (NYSE:ALLY) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC lifted its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 23.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 631,537 shares of the financial services provider’s stock after purchasing an additional 120,039 shares during the quarter. AQR Capital Management LLC’s holdings in Ally Financial were worth $25,053,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ALLY. Allspring Global Investments Holdings LLC increased 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 valued at $25,000 after acquiring an additional 526 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Ally Financial during the first quarter valued at about $28,000. Rise Advisors LLC purchased a new position in shares of Ally Financial during the 1st quarter valued at approximately $32,000. SYSTM Wealth Solutions LLC grew its holdings in 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 acquiring an additional 789 shares in the last quarter. Finally, Quarry LP grew its stake in Ally Financial by 165.7% in the fourth quarter. Quarry LP now owns 959 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 598 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Wall Street Analysts Forecast Growth

ALLY has been the subject of a number of research analyst reports. BTIG Research downgraded Ally Financial from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Ally Financial from $51.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, July 1st. Royal Bank of Canada cut their price objective on shares of Ally Financial from $49.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, September 12th. 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, TD Cowen lowered their price objective on shares of Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $41.38.

Ally Financial Stock Up 0.4 %

NYSE ALLY opened at $34.97 on Monday. The stock’s 50 day simple moving average is $39.67 and its 200 day simple moving average is $39.54. Ally Financial Inc. has a one year low of $22.54 and a one year high of $45.46. The firm has a market cap of $10.63 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 0.37 and a beta of 1.40. 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) last issued its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.64 by $0.33. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the previous year, the company earned $0.96 EPS. Ally Financial’s revenue was down 3.8% on a year-over-year basis. As a group, sell-side analysts forecast that Ally Financial Inc. will post 3.15 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.43%. Ally Financial’s payout ratio is 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.