Ally Financial Inc. (NYSE:ALLY) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise reduced its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 80.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 19,687 shares of the financial services provider’s stock after selling 79,628 shares during the period. Banque Cantonale Vaudoise’s holdings in Ally Financial were worth $781,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its stake in shares of 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 worth $25,000 after acquiring an additional 526 shares in the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Ally Financial during the 1st quarter worth about $28,000. Northwest Financial Advisors purchased a new position in Ally Financial in the 4th quarter valued at about $31,000. Rise Advisors LLC purchased a new position in Ally Financial in the 1st quarter valued at about $32,000. Finally, Quarry LP lifted its stake in Ally Financial by 165.7% in the 4th quarter. Quarry LP now owns 959 shares of the financial services provider’s stock valued at $33,000 after buying an additional 598 shares in the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.

Ally Financial Trading Up 1.7 %

Shares of ALLY opened at $43.19 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $13.13 billion, a P/E ratio of 17.63, a P/E/G ratio of 0.42 and a beta of 1.41. The firm has a 50-day moving average price of $41.72 and a 200 day moving average price of $39.62. Ally Financial Inc. has a 12-month low of $22.54 and a 12-month high of $45.46.

Ally Financial (NYSE:ALLY) last announced its earnings results on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.33. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. Ally Financial’s revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 earnings per share. Sell-side analysts forecast that Ally Financial Inc. will post 3.51 EPS for the current year.

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend was Thursday, August 1st. Ally Financial’s dividend payout ratio (DPR) is presently 48.98%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ALLY. Wells Fargo & Company raised their price target on shares of Ally Financial from $33.00 to $37.00 and gave the company an “underweight” rating in a research note on Thursday, July 18th. Morgan Stanley boosted their price target on shares of Ally Financial from $47.00 to $49.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. BTIG Research began coverage on shares of Ally Financial in a report on Friday, June 7th. They issued a “buy” rating and a $51.00 price objective for the company. Evercore ISI boosted their target price on Ally Financial from $43.00 to $45.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Finally, Barclays increased their price target on Ally Financial from $43.00 to $44.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $43.41.

Ally Financial 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.