Los Angeles Capital Management LLC Has $5.86 Million Holdings in Ally Financial Inc. (NYSE:ALLY)

Los Angeles Capital Management LLC cut its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 68.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 160,575 shares of the financial services provider's stock after selling 349,680 shares during the quarter. Los Angeles Capital Management LLC owned 0.05% of Ally Financial worth $5,856,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. IFP Advisors Inc raised its position in Ally Financial by 1,424.5% in the first quarter. IFP Advisors Inc now owns 21,007 shares of the financial services provider's stock valued at $769,000 after purchasing an additional 19,629 shares during the last quarter. AustralianSuper Pty Ltd raised its position in Ally Financial by 0.3% in the first quarter. AustralianSuper Pty Ltd now owns 2,771,009 shares of the financial services provider's stock valued at $101,059,000 after purchasing an additional 9,263 shares during the last quarter. South Dakota Investment Council bought a new position in Ally Financial in the first quarter valued at about $3,370,000. Kestra Private Wealth Services LLC raised its position in Ally Financial by 21.8% in the first quarter. Kestra Private Wealth Services LLC now owns 180,181 shares of the financial services provider's stock valued at $6,571,000 after purchasing an additional 32,248 shares during the last quarter. Finally, Private Advisor Group LLC bought a new position in Ally Financial in the first quarter valued at about $498,000. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Trading Down 0.4%

NYSE ALLY traded down $0.14 during trading hours on Friday, hitting $38.24. 714,359 shares of the company's stock were exchanged, compared to its average volume of 4,066,164. The stock has a 50-day simple moving average of $37.55 and a 200 day simple moving average of $36.20. Ally Financial Inc. has a 1-year low of $29.52 and a 1-year high of $45.46. The firm has a market cap of $11.75 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 0.31 and a beta of 1.15. 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 (NYSE:ALLY - Get Free Report) last released its earnings results on Friday, July 18th. The financial services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.78 by $0.21. Ally Financial had a return on equity of 9.48% and a net margin of 7.64%. The business had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter last year, the firm posted $0.97 earnings per share. The firm's revenue was up 3.0% on a year-over-year basis. On average, equities analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a $0.30 dividend. The ex-dividend date is Friday, August 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.14%. Ally Financial's dividend payout ratio (DPR) is presently 77.92%.

Insider Buying and Selling

In other Ally Financial news, insider Stephanie N. Richard sold 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total value of $257,120.00. Following the completion of the sale, the insider owned 90,387 shares of the company's stock, valued at approximately $2,905,038.18. This trade represents a 8.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.67% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Compass Point upgraded Ally Financial from a "neutral" rating to a "buy" rating and increased their target price for the company from $37.00 to $41.00 in a research report on Monday, April 7th. Royal Bank Of Canada restated an "outperform" rating on shares of Ally Financial in a research report on Monday, July 14th. Citigroup restated a "buy" rating and set a $59.00 price objective (up from $55.00) on shares of Ally Financial in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. raised their price objective on Ally Financial from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Morgan Stanley restated an "overweight" rating and set a $47.00 price objective (up from $39.00) on shares of Ally Financial in a research report on Thursday, July 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Ally Financial has a consensus rating of "Hold" and an average price target of $42.80.

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.