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Allianz Asset Management GmbH Sells 191,486 Shares of Ally Financial Inc. $ALLY

Ally Financial logo with Finance background

Key Points

  • Allianz Asset Management GmbH reduced its stake in Ally Financial by 11.9%, now holding approximately 1,423,545 shares valued at $55.4 million after selling 191,486 shares in Q2.
  • Ally Financial recently announced a quarterly dividend of $0.30, representing a yield of 3.0%, with an upcoming ex-dividend date of October 31.
  • Wall Street analysts have mixed opinions on Ally Financial's stock, with a consensus rating of **"Moderate Buy"** and a price target averaging $45.14.
  • Five stocks to consider instead of Ally Financial.

Allianz Asset Management GmbH cut its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 11.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,423,545 shares of the financial services provider's stock after selling 191,486 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.46% of Ally Financial worth $55,447,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Fulton Bank N.A. raised its holdings in Ally Financial by 1.3% in the second quarter. Fulton Bank N.A. now owns 19,888 shares of the financial services provider's stock worth $775,000 after purchasing an additional 260 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in Ally Financial by 0.7% in the first quarter. Integrated Wealth Concepts LLC now owns 40,363 shares of the financial services provider's stock worth $1,472,000 after purchasing an additional 300 shares in the last quarter. Bessemer Group Inc. raised its holdings in Ally Financial by 59.6% in the first quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider's stock worth $37,000 after purchasing an additional 377 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Ally Financial by 22.8% in the first quarter. NewEdge Advisors LLC now owns 2,235 shares of the financial services provider's stock worth $82,000 after purchasing an additional 415 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in Ally Financial by 22.3% in the first quarter. Fifth Third Bancorp now owns 2,519 shares of the financial services provider's stock worth $92,000 after purchasing an additional 459 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Price Performance

Shares of NYSE ALLY opened at $39.77 on Friday. The business's 50 day moving average price is $40.40 and its 200 day moving average price is $37.47. The firm has a market cap of $12.24 billion, a P/E ratio of 25.83, a P/E/G ratio of 0.29 and a beta of 1.18. Ally Financial Inc. has a 52 week low of $29.52 and a 52 week high of $44.83. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.30.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.99 EPS for the quarter. Ally Financial had a return on equity of 9.48% and a net margin of 7.64%.The business had revenue of $2.06 billion for the quarter. On average, sell-side analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, October 31st. Ally Financial's dividend payout ratio is currently 77.92%.

Wall Street Analyst Weigh In

ALLY has been the subject of a number of recent research reports. Citigroup boosted their target price on shares of Ally Financial from $59.00 to $70.00 and gave the stock a "buy" rating in a report on Monday, September 15th. Keefe, Bruyette & Woods dropped their price target on Ally Financial from $56.00 to $51.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 1st. Morgan Stanley boosted their price target on Ally Financial from $47.00 to $52.00 and gave the stock an "overweight" rating in a research note on Monday, September 29th. Weiss Ratings restated a "hold (c+)" rating on shares of Ally Financial in a research note on Tuesday. Finally, Evercore ISI dropped their price target on Ally Financial from $45.00 to $44.00 and set an "in-line" rating on the stock in a research note on Tuesday, September 30th. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Ally Financial has a consensus rating of "Moderate Buy" and a consensus target price of $45.14.

View Our Latest Analysis on Ally Financial

About Ally Financial

(Free Report)

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.

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Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

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