Ally Financial Inc. $ALLY Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 34.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 43,384 shares of the financial services provider’s stock after selling 23,211 shares during the period. PNC Financial Services Group Inc.’s holdings in Ally Financial were worth $1,702,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in shares of Ally Financial by 19.5% in the fourth quarter. Wellington Management Group LLP now owns 14,271,290 shares of the financial services provider’s stock valued at $646,347,000 after buying an additional 2,332,610 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Ally Financial by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,018,580 shares of the financial services provider’s stock worth $353,776,000 after acquiring an additional 309,638 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Ally Financial by 7.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,071,504 shares of the financial services provider’s stock valued at $274,978,000 after acquiring an additional 444,756 shares during the period. Geode Capital Management LLC grew its position in Ally Financial by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 5,381,838 shares of the financial services provider’s stock valued at $243,795,000 after acquiring an additional 241,000 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in Ally Financial by 0.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 3,867,023 shares of the financial services provider’s stock valued at $175,137,000 after acquiring an additional 20,198 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $58.00 price objective on shares of Ally Financial in a research note on Wednesday, July 22nd. Evercore restated an “outperform” rating and issued a $54.00 price target on shares of Ally Financial in a research note on Tuesday, April 21st. JPMorgan Chase & Co. lowered their price objective on Ally Financial from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Royal Bank Of Canada lifted their price objective on shares of Ally Financial from $52.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. Finally, Weiss Ratings upgraded Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Ally Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.86.

Ally Financial Stock Up 1.4%

Ally Financial stock opened at $43.56 on Friday. The company has a market capitalization of $13.25 billion, a P/E ratio of 10.27, a PEG ratio of 0.27 and a beta of 1.09. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.92 and a current ratio of 0.92. Ally Financial Inc. has a fifty-two week low of $35.92 and a fifty-two week high of $47.29. The stock has a 50-day simple moving average of $44.42 and a 200-day simple moving average of $42.51.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.01). The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.22 billion. Ally Financial had a return on equity of 11.75% and a net margin of 16.75%.The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 EPS. Equities research analysts expect that Ally Financial Inc. will post 5.19 earnings per share for the current year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. Ally Financial’s dividend payout ratio is currently 28.30%.

Insider Buying and Selling at Ally Financial

In related news, insider Stephanie N. Richard sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $42.14, for a total transaction of $210,700.00. Following the transaction, the insider owned 93,927 shares of the company’s stock, valued at $3,958,083.78. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.46% of the company’s stock.

Ally Financial Company Profile

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.