Ally Financial Inc (NYSE:ALLY) Shares Sold by Financial Consulate Inc.

Financial Consulate Inc. decreased its holdings in shares of Ally Financial Inc (NYSE:ALLY) by 3.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 98,980 shares of the financial services provider’s stock after selling 3,337 shares during the period. Ally Financial accounts for about 1.4% of Financial Consulate Inc.’s investment portfolio, making the stock its 14th largest holding. Financial Consulate Inc.’s holdings in Ally Financial were worth $3,067,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Magnolia Group LLC raised its position in Ally Financial by 30.5% in the first quarter. Magnolia Group LLC now owns 5,626,671 shares of the financial services provider’s stock valued at $154,677,000 after purchasing an additional 1,315,199 shares during the period. FMR LLC raised its position in Ally Financial by 129.3% in the first quarter. FMR LLC now owns 1,801,409 shares of the financial services provider’s stock valued at $49,521,000 after purchasing an additional 1,015,634 shares during the period. Bank of Montreal Can raised its position in Ally Financial by 699.1% in the first quarter. Bank of Montreal Can now owns 595,671 shares of the financial services provider’s stock valued at $16,375,000 after purchasing an additional 521,125 shares during the period. Amundi Pioneer Asset Management Inc. raised its position in Ally Financial by 157.2% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 834,084 shares of the financial services provider’s stock valued at $22,929,000 after purchasing an additional 509,767 shares during the period. Finally, BNP Paribas Arbitrage SA raised its position in Ally Financial by 478.2% in the first quarter. BNP Paribas Arbitrage SA now owns 546,466 shares of the financial services provider’s stock valued at $15,022,000 after purchasing an additional 451,956 shares during the period. 97.06% of the stock is currently owned by institutional investors and hedge funds.

NYSE:ALLY traded down $0.37 during mid-day trading on Friday, reaching $32.05. The stock had a trading volume of 3,022,056 shares, compared to its average volume of 3,794,913. The stock has a market cap of $12.88 billion, a P/E ratio of 9.60, a price-to-earnings-growth ratio of 0.65 and a beta of 1.31. Ally Financial Inc has a 1-year low of $20.60 and a 1-year high of $34.22. The business has a 50 day simple moving average of $31.61. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 3.03.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.97 EPS for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.09. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.53 billion. Ally Financial had a return on equity of 11.09% and a net margin of 26.59%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the firm earned $0.83 earnings per share. As a group, analysts predict that Ally Financial Inc will post 3.72 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $0.68 dividend on an annualized basis and a yield of 2.12%. Ally Financial’s dividend payout ratio (DPR) is 20.36%.

In related news, insider Diane E. Morais sold 15,000 shares of Ally Financial stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $33.35, for a total value of $500,250.00. Following the completion of the transaction, the insider now directly owns 220,048 shares in the company, valued at $7,338,600.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO David J. Debrunner sold 2,222 shares of Ally Financial stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $32.89, for a total value of $73,081.58. Following the completion of the transaction, the chief accounting officer now owns 103,535 shares of the company’s stock, valued at $3,405,266.15. The disclosure for this sale can be found here. Insiders sold 21,666 shares of company stock valued at $706,918 over the last quarter. Insiders own 0.35% of the company’s stock.

ALLY has been the topic of several research reports. Barclays reissued a “buy” rating on shares of Ally Financial in a research report on Sunday, July 21st. Wells Fargo & Co reissued a “buy” rating on shares of Ally Financial in a research report on Sunday, July 21st. Nomura raised their price objective on Ally Financial from $29.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Zacks Investment Research downgraded Ally Financial from a “buy” rating to a “hold” rating and set a $33.00 target price for the company. in a research note on Tuesday, July 2nd. Finally, Oppenheimer set a $33.00 target price on Ally Financial and gave the company a “buy” rating in a research note on Wednesday, April 17th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $35.00.

Ally Financial Company 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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Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

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