Crossmark Global Holdings Inc. Sells 1,438 Shares of Ally Financial Inc. (NYSE:ALLY)

Crossmark Global Holdings Inc. lowered its stake in Ally Financial Inc. (NYSE:ALLY) by 7.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,681 shares of the financial services provider’s stock after selling 1,438 shares during the period. Crossmark Global Holdings Inc.’s holdings in Ally Financial were worth $702,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ALLY. Boston Partners bought a new position in Ally Financial in the first quarter worth about $152,079,000. Scout Investments Inc. bought a new position in shares of Ally Financial in the 4th quarter worth approximately $63,080,000. Norges Bank purchased a new position in shares of Ally Financial in the 4th quarter valued at approximately $62,869,000. Jennison Associates LLC bought a new stake in shares of Ally Financial during the first quarter valued at approximately $52,252,000. Finally, Delta Global Management LP grew its stake in Ally Financial by 3,262.3% in the first quarter. Delta Global Management LP now owns 1,035,994 shares of the financial services provider’s stock worth $42,051,000 after purchasing an additional 1,005,182 shares during the period. 88.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ALLY shares. Barclays raised their price objective on Ally Financial from $43.00 to $44.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. Keefe, Bruyette & Woods boosted their price objective on shares of Ally Financial from $45.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday, July 8th. BTIG Research began coverage on shares of Ally Financial in a research note on Friday, June 7th. They set a “buy” rating and a $51.00 target price for the company. Deutsche Bank Aktiengesellschaft dropped their price target on Ally Financial from $51.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, July 1st. Finally, Wells Fargo & Company raised their price objective on Ally Financial from $33.00 to $37.00 and gave the company an “underweight” rating in a research report on Thursday, July 18th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $43.41.

Ally Financial Price Performance

Shares of NYSE:ALLY opened at $43.19 on Monday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.91 and a current ratio of 0.92. The firm has a market cap of $13.13 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 0.42 and a beta of 1.41. The business has a 50-day simple moving average of $41.72 and a two-hundred day simple moving average of $39.62. Ally Financial Inc. has a fifty-two week low of $22.54 and a fifty-two week high of $45.46.

Ally Financial (NYSE:ALLY) last released 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 during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the company earned $0.96 earnings per share. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. On average, analysts expect that Ally Financial Inc. will post 3.51 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.78%. Ally Financial’s dividend payout ratio (DPR) is currently 48.98%.

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.