Trust Co. of Toledo NA OH Sells 1,166 Shares of Ally Financial Inc. $ALLY

Trust Co. of Toledo NA OH decreased its stake in Ally Financial Inc. (NYSE:ALLY) by 7.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,169 shares of the financial services provider’s stock after selling 1,166 shares during the period. Trust Co. of Toledo NA OH’s holdings in Ally Financial were worth $591,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in shares of Ally Financial by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,797,505 shares of the financial services provider’s stock valued at $320,855,000 after acquiring an additional 134,113 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of Ally Financial in the 1st quarter valued at about $253,881,000. Jacobs Levy Equity Management Inc. grew its holdings in shares of Ally Financial by 10.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 4,658,877 shares of the financial services provider’s stock valued at $169,909,000 after acquiring an additional 456,698 shares in the last quarter. First Manhattan CO. LLC. grew its holdings in Ally Financial by 0.8% during the first quarter. First Manhattan CO. LLC. now owns 4,258,760 shares of the financial services provider’s stock worth $155,317,000 after purchasing an additional 32,121 shares during the period. Finally, Millennium Management LLC grew its holdings in Ally Financial by 234.7% during the first quarter. Millennium Management LLC now owns 3,752,066 shares of the financial services provider’s stock worth $136,838,000 after purchasing an additional 2,630,981 shares during the period. Institutional investors own 88.76% of the company’s stock.

Ally Financial Trading Down 5.7%

Shares of ALLY stock opened at $36.96 on Friday. The firm has a 50 day moving average price of $40.21 and a two-hundred day moving average price of $37.40. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $11.38 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 0.29 and a beta of 1.18. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $44.83.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Monday, July 28th. The financial services provider reported $0.99 earnings per share for the quarter. Ally Financial had a net margin of 7.64% and a return on equity of 9.48%. The company had revenue of $2.06 billion during the quarter. As a group, analysts predict that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Friday, October 31st. Ally Financial’s payout ratio is presently 77.92%.

Analyst Ratings Changes

A number of research firms recently commented on ALLY. Weiss Ratings reiterated a “hold (c)” rating on shares of Ally Financial in a report on Saturday, September 27th. Truist Financial lifted their price target on Ally Financial from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. BTIG Research upgraded Ally Financial from a “sell” rating to a “neutral” rating in a report on Monday, July 14th. Evercore ISI reduced their price target on Ally Financial from $45.00 to $44.00 and set an “in-line” rating for the company in a report on Tuesday, September 30th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Ally Financial in a report on Monday, July 14th. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ally Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.14.

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.