New York State Teachers Retirement System Buys 1,709 Shares of Ally Financial Inc. $ALLY

New York State Teachers Retirement System grew its stake in Ally Financial Inc. (NYSE:ALLY) by 1.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,691 shares of the financial services provider’s stock after purchasing an additional 1,709 shares during the quarter. New York State Teachers Retirement System’s holdings in Ally Financial were worth $3,883,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Ritholtz Wealth Management bought a new position in shares of Ally Financial in the second quarter valued at approximately $204,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Ally Financial by 19.8% in the second quarter. Sequoia Financial Advisors LLC now owns 7,029 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 1,163 shares in the last quarter. LRI Investments LLC lifted its holdings in shares of Ally Financial by 53.6% in the second quarter. LRI Investments LLC now owns 3,032 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 1,058 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Ally Financial by 5.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 42,543 shares of the financial services provider’s stock valued at $1,657,000 after purchasing an additional 2,227 shares in the last quarter. Finally, Aberdeen Group plc lifted its holdings in shares of Ally Financial by 4.4% in the second quarter. Aberdeen Group plc now owns 217,390 shares of the financial services provider’s stock valued at $8,467,000 after purchasing an additional 9,211 shares in the last quarter. Institutional investors own 88.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ALLY shares. Royal Bank Of Canada restated an “outperform” rating on shares of Ally Financial in a report on Monday, July 14th. JPMorgan Chase & Co. lifted their price target on Ally Financial from $42.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday. BTIG Research upgraded Ally Financial from a “sell” rating to a “neutral” rating in a report on Monday, July 14th. Keefe, Bruyette & Woods dropped their price target on Ally Financial from $56.00 to $51.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. Finally, Evercore ISI dropped their price target on Ally Financial from $45.00 to $44.00 and set an “in-line” rating on the stock in a report on Tuesday, September 30th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $45.67.

Ally Financial Price Performance

Shares of NYSE ALLY opened at $40.49 on Tuesday. The stock has a market cap of $12.46 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 0.30 and a beta of 1.18. 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 1.31, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a fifty day moving average of $40.46 and a 200-day moving average of $37.57.

Ally Financial (NYSE:ALLY) last announced its quarterly 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 return on equity of 9.96% and a net margin of 8.10%. Equities research analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.20 annualized dividend and a yield of 3.0%. Ally Financial’s dividend payout ratio (DPR) is currently 72.29%.

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.