Vanguard Personalized Indexing Management LLC Acquires 2,227 Shares of Ally Financial Inc. $ALLY

Vanguard Personalized Indexing Management LLC grew its holdings in Ally Financial Inc. (NYSE:ALLY) by 5.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,543 shares of the financial services provider’s stock after acquiring an additional 2,227 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Ally Financial were worth $1,657,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Aberdeen Group plc raised its position in Ally Financial by 4.4% in the second quarter. Aberdeen Group plc now owns 217,390 shares of the financial services provider’s stock worth $8,467,000 after acquiring an additional 9,211 shares during the period. Blue Trust Inc. raised its position in Ally Financial by 19.9% in the second quarter. Blue Trust Inc. now owns 3,191 shares of the financial services provider’s stock worth $124,000 after acquiring an additional 529 shares during the period. Total Wealth Planning & Management Inc. raised its position in Ally Financial by 14.7% in the second quarter. Total Wealth Planning & Management Inc. now owns 13,587 shares of the financial services provider’s stock worth $529,000 after acquiring an additional 1,740 shares during the period. Callan Family Office LLC bought a new position in Ally Financial in the second quarter worth approximately $412,000. Finally, Louisiana State Employees Retirement System raised its position in Ally Financial by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 77,800 shares of the financial services provider’s stock worth $3,030,000 after acquiring an additional 800 shares during the period. 88.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ally Financial in a research report on Tuesday. Royal Bank Of Canada reissued an “outperform” rating on shares of Ally Financial in a research note on Monday, July 14th. Citigroup increased their price objective on shares of Ally Financial from $59.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. BTIG Research raised shares of Ally Financial from a “sell” rating to a “neutral” rating in a research note on Monday, July 14th. Finally, Morgan Stanley increased their price objective on shares of Ally Financial from $47.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $45.14.

Ally Financial Stock Performance

ALLY opened at $39.77 on Friday. The stock has a market capitalization of $12.24 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 0.29 and a beta of 1.18. The company has a fifty day moving average of $40.40 and a 200 day moving average of $37.47. Ally Financial Inc. has a fifty-two week low of $29.52 and a fifty-two week high of $44.83. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.92 and a current ratio of 0.92.

Ally Financial (NYSE:ALLY) last posted its earnings results on Monday, July 28th. The financial services provider reported $0.99 earnings per share for the quarter. The company had revenue of $2.06 billion during the quarter. Ally Financial had a net margin of 7.64% and a return on equity of 9.48%. As a group, sell-side analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, October 31st. Ally Financial’s dividend payout ratio (DPR) is presently 77.92%.

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.