Millennium Management LLC increased its holdings in shares of Ally Financial Inc (NYSE:ALLY) by 10.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 831,258 shares of the financial services provider’s stock after buying an additional 80,791 shares during the period. Millennium Management LLC’s holdings in Ally Financial were worth $21,837,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ALLY. Freestone Capital Holdings LLC raised its holdings in Ally Financial by 4.9% during the 1st quarter. Freestone Capital Holdings LLC now owns 40,867 shares of the financial services provider’s stock worth $1,110,000 after purchasing an additional 1,904 shares during the last quarter. First Republic Investment Management Inc. raised its holdings in Ally Financial by 20.6% during the 2nd quarter. First Republic Investment Management Inc. now owns 13,423 shares of the financial services provider’s stock worth $353,000 after purchasing an additional 2,292 shares during the last quarter. Stifel Financial Corp raised its holdings in Ally Financial by 13.4% during the 1st quarter. Stifel Financial Corp now owns 20,086 shares of the financial services provider’s stock worth $547,000 after purchasing an additional 2,381 shares during the last quarter. First Mercantile Trust Co. raised its holdings in Ally Financial by 27.6% during the 2nd quarter. First Mercantile Trust Co. now owns 11,230 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 2,430 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its holdings in Ally Financial by 3.8% during the 1st quarter. Xact Kapitalforvaltning AB now owns 69,430 shares of the financial services provider’s stock worth $1,885,000 after purchasing an additional 2,556 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

Several research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Wednesday. Bank of America upgraded shares of Ally Financial from a “neutral” rating to a “buy” rating and raised their price target for the stock from $33.00 to $35.00 in a report on Monday, July 30th. Stephens restated a “hold” rating and set a $32.00 price target on shares of Ally Financial in a report on Friday, July 27th. TheStreet upgraded shares of Ally Financial from a “c+” rating to a “b-” rating in a report on Thursday, July 19th. Finally, Janney Montgomery Scott upgraded shares of Ally Financial from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a report on Friday, June 29th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $32.75.

NYSE:ALLY opened at $26.69 on Friday. The firm has a market capitalization of $11.29 billion, a PE ratio of 9.35, a P/E/G ratio of 0.68 and a beta of 1.34. The company has a debt-to-equity ratio of 3.60, a current ratio of 1.21 and a quick ratio of 1.21. Ally Financial Inc has a twelve month low of $23.66 and a twelve month high of $31.29.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.12. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.47 billion. Ally Financial had a net margin of 15.62% and a return on equity of 9.45%. During the same quarter in the previous year, the business posted $0.55 EPS. analysts forecast that Ally Financial Inc will post 3.09 EPS for the current fiscal year.

About Ally Financial

Ally Financial Inc provides various financial products and services for consumers, businesses, automotive dealers, and corporate clients in the United States and Canada. The company operates Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.

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Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

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