Ally Financial Inc. $ALLY Shares Sold by 1834 Investment Advisors Co.

1834 Investment Advisors Co. lowered its stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 7.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 238,103 shares of the financial services provider's stock after selling 20,086 shares during the quarter. Ally Financial makes up approximately 1.2% of 1834 Investment Advisors Co.'s holdings, making the stock its 21st largest position. 1834 Investment Advisors Co. owned approximately 0.08% of Ally Financial worth $9,274,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. True North Advisors LLC boosted its position in Ally Financial by 61.8% during the 2nd quarter. True North Advisors LLC now owns 20,503 shares of the financial services provider's stock valued at $799,000 after purchasing an additional 7,833 shares during the period. GAMMA Investing LLC boosted its position in Ally Financial by 46.3% during the 2nd quarter. GAMMA Investing LLC now owns 4,821 shares of the financial services provider's stock worth $188,000 after acquiring an additional 1,526 shares during the period. Sweeney & Michel LLC acquired a new position in Ally Financial during the 2nd quarter worth $259,000. BTC Capital Management Inc. boosted its position in Ally Financial by 53.3% during the 2nd quarter. BTC Capital Management Inc. now owns 19,583 shares of the financial services provider's stock worth $763,000 after acquiring an additional 6,812 shares during the period. Finally, Diversified Trust Co acquired a new position in Ally Financial during the 2nd quarter worth $902,000. Institutional investors and hedge funds own 88.76% of the company's stock.

Ally Financial Stock Down 1.6%

Shares of Ally Financial stock opened at $40.18 on Friday. The stock has a 50-day moving average price of $40.08 and a 200 day moving average price of $37.14. The company has a market cap of $12.37 billion, a P/E ratio of 26.09, a P/E/G ratio of 0.32 and a beta of 1.14. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.30. Ally Financial Inc. has a 1 year low of $29.52 and a 1 year high of $44.83.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its quarterly earnings data on Friday, July 18th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.21. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a return on equity of 9.48% and a net margin of 7.64%.The business's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 EPS. As a group, analysts expect that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, August 1st. Ally Financial's dividend payout ratio is currently 77.92%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ALLY shares. Morgan Stanley reiterated an "overweight" rating and set a $47.00 price target (up previously from $39.00) on shares of Ally Financial in a research report on Thursday, July 10th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Ally Financial in a research report on Monday, July 14th. JPMorgan Chase & Co. upped their price objective on Ally Financial from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Monday, July 21st. BTIG Research raised Ally Financial from a "sell" rating to a "neutral" rating in a research note on Monday, July 14th. Finally, Wells Fargo & Company raised Ally Financial from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $37.00 to $45.00 in a research note on Tuesday, September 2nd. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $45.43.

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.

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