Sentinel Trust Co. LBA trimmed its holdings in Ally Financial Inc (NYSE:ALLY) by 4.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,223 shares of the financial services provider’s stock after selling 6,375 shares during the period. Sentinel Trust Co. LBA’s holdings in Ally Financial were worth $3,815,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in ALLY. Putnam Investments LLC grew its stake in shares of Ally Financial by 0.3% in the second quarter. Putnam Investments LLC now owns 839,837 shares of the financial services provider’s stock worth $22,062,000 after purchasing an additional 2,225 shares during the last quarter. Lingohr & Partner Asset Management GmbH grew its stake in shares of Ally Financial by 57.2% in the second quarter. Lingohr & Partner Asset Management GmbH now owns 55,500 shares of the financial services provider’s stock worth $1,458,000 after purchasing an additional 20,200 shares during the last quarter. Millennium Management LLC grew its stake in shares of Ally Financial by 10.8% in the second quarter. Millennium Management LLC now owns 831,258 shares of the financial services provider’s stock worth $21,837,000 after purchasing an additional 80,791 shares during the last quarter. Worldquant Millennium Quantitative Strategies LLC bought a new stake in shares of Ally Financial in the second quarter worth $620,000. Finally, Canyon Capital Advisors LLC grew its stake in shares of Ally Financial by 0.4% in the second quarter. Canyon Capital Advisors LLC now owns 3,867,124 shares of the financial services provider’s stock worth $101,589,000 after purchasing an additional 14,900 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.
A number of brokerages have commented on ALLY. TheStreet raised shares of Ally Financial from a “c+” rating to a “b-” rating in a research report on Thursday, July 19th. Zacks Investment Research lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. Stephens reiterated a “hold” rating and set a $32.00 price objective on shares of Ally Financial in a report on Friday, July 27th. Bank of America upgraded shares of Ally Financial from a “neutral” rating to a “buy” rating and upped their price objective for the company from $33.00 to $35.00 in a report on Monday, July 30th. Finally, Oppenheimer set a $35.00 price objective on shares of Ally Financial and gave the company a “buy” rating in a report on Thursday. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Ally Financial has a consensus rating of “Buy” and a consensus price target of $32.75.
ALLY stock traded up $0.08 during trading on Monday, reaching $26.85. The stock had a trading volume of 1,695,800 shares, compared to its average volume of 3,150,787. Ally Financial Inc has a one year low of $23.90 and a one year high of $31.29. The company has a market capitalization of $11.16 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 0.68 and a beta of 1.34. The company has a debt-to-equity ratio of 3.60, a quick ratio of 1.21 and a current ratio of 1.21.
Ally Financial (NYSE:ALLY) last released its earnings results on Thursday, July 26th. The financial services provider reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.12. Ally Financial had a net margin of 15.62% and a return on equity of 9.45%. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the firm earned $0.55 EPS. On average, sell-side analysts forecast that Ally Financial Inc will post 3.09 EPS for the current fiscal year.
Ally Financial Company Profile
Ally Financial Inc provides various financial products and services for consumers, businesses, automotive dealers, and corporate clients in the United States and Canada. The company operates Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
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