Axa S.A. Cuts Stock Position in Ally Financial Inc. (NYSE:ALLY)

Axa S.A. cut its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 54.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 13,274 shares of the financial services provider’s stock after selling 15,951 shares during the quarter. Axa S.A.’s holdings in Ally Financial were worth $527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Fifth Third Bancorp increased its holdings in Ally Financial by 1.2% during the second quarter. Fifth Third Bancorp now owns 23,275 shares of the financial services provider’s stock worth $923,000 after buying an additional 278 shares during the last quarter. Trust Co. of Toledo NA OH grew its position in shares of Ally Financial by 1.7% during the 1st quarter. Trust Co. of Toledo NA OH now owns 17,622 shares of the financial services provider’s stock valued at $715,000 after acquiring an additional 287 shares during the period. Signet Financial Management LLC increased its stake in shares of Ally Financial by 4.8% during the 1st quarter. Signet Financial Management LLC now owns 7,273 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 330 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Ally Financial by 10.2% in the 2nd quarter. Blue Trust Inc. now owns 4,308 shares of the financial services provider’s stock worth $175,000 after purchasing an additional 400 shares during the period. Finally, Versant Capital Management Inc lifted its stake in Ally Financial by 39.7% in the second quarter. Versant Capital Management Inc now owns 1,630 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 463 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ALLY has been the subject of a number of recent research reports. Citigroup began coverage on Ally Financial in a research report on Monday, June 24th. They issued a “buy” rating and a $50.00 target price for the company. Keefe, Bruyette & Woods dropped their price objective on shares of Ally Financial from $50.00 to $44.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. Morgan Stanley cut their target price 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, September 11th. Evercore ISI boosted 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. Finally, Barclays cut their price objective on shares of Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a report on Thursday, September 12th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Ally Financial presently has a consensus rating of “Hold” and a consensus price target of $41.38.

Ally Financial Stock Down 2.5 %

ALLY stock opened at $34.71 on Wednesday. The company’s 50 day moving average is $39.40 and its 200 day moving average is $39.51. The stock has a market cap of $10.55 billion, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 0.37 and a beta of 1.40. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.39. Ally Financial Inc. has a 1-year low of $22.54 and a 1-year high of $45.46.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data 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. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter last year, the company posted $0.96 EPS. The business’s quarterly revenue was down 3.8% on a year-over-year basis. Sell-side analysts predict that Ally Financial Inc. will post 3.15 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. Stockholders of record on Thursday, August 1st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend was Thursday, August 1st. Ally Financial’s payout ratio is currently 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.