Vanguard Personalized Indexing Management LLC Increases Position in Ally Financial Inc. $ALLY

Vanguard Personalized Indexing Management LLC boosted its holdings in Ally Financial Inc. (NYSE:ALLY) by 5.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,543 shares of the financial services provider’s stock after purchasing an additional 2,227 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Ally Financial were worth $1,657,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ALLY. Wellington Management Group LLP purchased a new stake in Ally Financial in the first quarter worth about $253,881,000. Millennium Management LLC grew its holdings in Ally Financial by 234.7% in 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. Assenagon Asset Management S.A. grew its holdings in Ally Financial by 6,675.1% in the second quarter. Assenagon Asset Management S.A. now owns 1,243,773 shares of the financial services provider’s stock worth $48,445,000 after purchasing an additional 1,225,415 shares during the period. AQR Capital Management LLC grew its holdings in Ally Financial by 173.2% in the first quarter. AQR Capital Management LLC now owns 1,377,717 shares of the financial services provider’s stock worth $49,984,000 after purchasing an additional 873,380 shares during the period. Finally, Amundi grew its holdings in Ally Financial by 53.9% in the first quarter. Amundi now owns 1,778,604 shares of the financial services provider’s stock worth $64,866,000 after purchasing an additional 622,601 shares during the period. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on ALLY shares. Keefe, Bruyette & Woods dropped their target price on shares of Ally Financial from $56.00 to $51.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. JPMorgan Chase & Co. dropped their target price on shares of Ally Financial from $45.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ally Financial in a research note on Tuesday. Morgan Stanley upped their target price on shares of Ally Financial from $47.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Finally, BTIG Research upgraded shares of Ally Financial from a “sell” rating to a “neutral” rating in a research note on Monday, July 14th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ally Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.14.

Ally Financial Stock Up 3.4%

Shares of Ally Financial stock opened at $39.77 on Friday. The company has a market cap of $12.24 billion, a price-to-earnings ratio of 25.83, a price-to-earnings-growth ratio of 0.29 and a beta of 1.18. The company’s 50 day moving average is $40.40 and its 200 day moving average is $37.47. Ally Financial Inc. has a twelve month low of $29.52 and a twelve month high of $44.83. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.30.

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

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be given a dividend of $0.30 per share. The ex-dividend date is Friday, October 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.0%. Ally Financial’s dividend payout ratio is 77.92%.

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.