Ally Financial Inc. $ALLY Shares Sold by Philip James Wealth Mangement LLC

Philip James Wealth Mangement LLC lessened its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 33.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 147,028 shares of the financial services provider’s stock after selling 73,712 shares during the quarter. Philip James Wealth Mangement LLC’s holdings in Ally Financial were worth $5,727,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new stake in Ally Financial during the 1st quarter worth approximately $1,998,000. Teacher Retirement System of Texas purchased a new position in Ally Financial in the 1st quarter worth approximately $1,462,000. Bessemer Group Inc. boosted its holdings in Ally Financial by 59.6% in the 1st quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 377 shares during the period. GAMMA Investing LLC boosted its holdings in Ally Financial by 40.6% in the 1st quarter. GAMMA Investing LLC now owns 3,295 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 952 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in Ally Financial by 56.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 67,630 shares of the financial services provider’s stock worth $2,466,000 after acquiring an additional 24,372 shares during the period. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Stock Performance

ALLY stock opened at $38.75 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.30. The firm has a market cap of $11.93 billion, a P/E ratio of 25.16, a P/E/G ratio of 0.31 and a beta of 1.18. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $44.83. The stock’s 50 day simple moving average is $40.09 and its 200 day simple moving average is $37.25.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Friday, July 18th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.21. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a return on equity of 9.48% and a net margin of 7.64%.The business’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.97 EPS. As a group, equities research analysts predict that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, August 1st. Ally Financial’s dividend payout ratio is currently 77.92%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Evercore ISI decreased their price target on Ally Financial from $45.00 to $44.00 and set an “in-line” rating for the company in a report on Tuesday. Keefe, Bruyette & Woods decreased their price target on Ally Financial from $56.00 to $51.00 and set an “outperform” rating for the company in a report on Wednesday. JPMorgan Chase & Co. increased their target price on Ally Financial from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Citigroup increased their target price on Ally Financial from $59.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Finally, BTIG Research upgraded Ally Financial from a “sell” rating to a “neutral” rating in a research note on Monday, July 14th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.36.

About Ally Financial

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.