Virginia Retirement Systems ET AL bought a new position in shares of Ally Financial Inc. (NYSE:ALLY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 264,300 shares of the company’s stock, valued at approximately $4,512,000. Virginia Retirement Systems ET AL owned about 0.06% of Ally Financial as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in ALLY. Franklin Resources Inc. raised its stake in shares of Ally Financial by 3.1% in the first quarter. Franklin Resources Inc. now owns 16,793,443 shares of the company’s stock worth $314,373,000 after buying an additional 509,434 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Ally Financial by 7.9% in the first quarter. Prudential Financial Inc. now owns 637,550 shares of the company’s stock worth $11,935,000 after buying an additional 46,500 shares during the last quarter. Ngam Advisors L.P. raised its stake in shares of Ally Financial by 28.7% in the first quarter. Ngam Advisors L.P. now owns 38,152 shares of the company’s stock worth $714,000 after buying an additional 8,501 shares during the last quarter. Pacad Investment Ltd. purchased a new stake in shares of Ally Financial during the first quarter worth approximately $314,000. Finally, Icon Advisers Inc. Co. raised its stake in shares of Ally Financial by 58.4% in the first quarter. Icon Advisers Inc. Co. now owns 626,800 shares of the company’s stock worth $11,734,000 after buying an additional 231,000 shares during the last quarter. Institutional investors own 99.83% of the company’s stock.

Shares of Ally Financial Inc. (NYSE:ALLY) opened at 19.24 on Wednesday. The stock’s 50 day moving average price is $19.29 and its 200-day moving average price is $17.89. Ally Financial Inc. has a 52 week low of $14.55 and a 52 week high of $21.21. The company’s market cap is $9.23 billion.

Ally Financial (NYSE:ALLY) last released its earnings results on Tuesday, July 26th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03. Ally Financial had a return on equity of 17.19% and a net margin of 17.61%. During the same quarter in the previous year, the company earned $0.46 earnings per share. Analysts expect that Ally Financial Inc. will post $2.26 EPS for the current year.

ALLY has been the subject of several analyst reports. Jefferies Group restated a “buy” rating and set a $28.00 target price on shares of Ally Financial in a research report on Thursday, August 25th. Credit Suisse Group AG restated an “outperform” rating on shares of Ally Financial in a research report on Tuesday, July 5th. Barclays PLC restated an “overweight” rating and set a $23.00 target price on shares of Ally Financial in a research report on Sunday, July 10th. Zacks Investment Research upgraded Ally Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, June 21st. Finally, BTIG Research restated a “buy” rating on shares of Ally Financial in a research report on Thursday, June 30th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $25.13.

Ally Financial Company Profile

Ally Financial Inc is a financial holding company and a bank holding company. The Company’s banking subsidiary, Ally Bank, is a franchise in the Internet, telephone, mobile and mail banking market. The Company operates through three segments: Automotive Finance operations, Insurance operations and Mortgage operations.

5 Day Chart for NYSE:ALLY

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