Oregon Public Employees Retirement Fund lowered its stake in Ally Financial Inc (NYSE:ALLY) by 10.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,509 shares of the financial services provider’s stock after selling 11,600 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Ally Financial were worth $3,053,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ALLY. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Ally Financial in the first quarter worth about $31,000. Carroll Financial Associates Inc. purchased a new position in Ally Financial during the 2nd quarter valued at about $40,000. Truvestments Capital LLC purchased a new position in Ally Financial during the 1st quarter valued at about $74,000. Private Capital Group LLC increased its holdings in Ally Financial by 69.8% during the 1st quarter. Private Capital Group LLC now owns 3,090 shares of the financial services provider’s stock valued at $85,000 after purchasing an additional 1,270 shares during the period. Finally, Raymond James Trust N.A. purchased a new position in Ally Financial during the 1st quarter valued at about $210,000. Hedge funds and other institutional investors own 97.06% of the company’s stock.
Ally Financial stock traded down $0.47 during trading hours on Friday, hitting $31.95. 55,302 shares of the stock traded hands, compared to its average volume of 3,584,507. The business’s 50-day moving average price is $31.56. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 3.03. The stock has a market capitalization of $13.41 billion, a P/E ratio of 9.55, a PEG ratio of 0.67 and a beta of 1.31. Ally Financial Inc has a one year low of $20.60 and a one year high of $34.22.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $0.68 annualized dividend and a yield of 2.13%. Ally Financial’s payout ratio is 20.36%.
In other Ally Financial news, insider Diane E. Morais sold 15,000 shares of Ally Financial stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $33.35, for a total transaction of $500,250.00. Following the sale, the insider now directly owns 220,048 shares of the company’s stock, valued at approximately $7,338,600.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO David J. Debrunner sold 2,222 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $31.32, for a total value of $69,593.04. Following the completion of the sale, the chief accounting officer now directly owns 105,757 shares in the company, valued at $3,312,309.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,666 shares of company stock worth $706,918. Insiders own 0.35% of the company’s stock.
A number of brokerages recently issued reports on ALLY. Citigroup set a $39.00 price target on Ally Financial and gave the company a “buy” rating in a report on Friday, July 19th. Morgan Stanley boosted their price target on Ally Financial from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Monday, April 22nd. Wells Fargo & Co restated a “buy” rating on shares of Ally Financial in a report on Sunday, July 21st. Zacks Investment Research downgraded Ally Financial from a “buy” rating to a “hold” rating and set a $33.00 price target on the stock. in a report on Tuesday, July 2nd. Finally, BMO Capital Markets boosted their price target on Ally Financial to $39.00 and gave the company a “market perform” rating in a report on Monday, April 22nd. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $35.00.
Ally Financial Profile
Ally Financial Inc provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
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