Twin Tree Management LP bought a new position in Ally Financial Inc (NYSE:ALLY) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 16,404 shares of the financial services provider’s stock, valued at approximately $431,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Canada Pension Plan Investment Board increased its stake in shares of Ally Financial by 8.4% during the second quarter. Canada Pension Plan Investment Board now owns 9,020,275 shares of the financial services provider’s stock valued at $236,963,000 after buying an additional 700,000 shares during the period. Trexquant Investment LP purchased a new position in shares of Ally Financial during the second quarter valued at $2,276,000. Greenleaf Trust increased its stake in shares of Ally Financial by 2.2% during the second quarter. Greenleaf Trust now owns 211,495 shares of the financial services provider’s stock valued at $5,556,000 after buying an additional 4,552 shares during the period. Catalyst Capital Advisors LLC increased its stake in shares of Ally Financial by 7,050.8% during the second quarter. Catalyst Capital Advisors LLC now owns 25,600 shares of the financial services provider’s stock valued at $673,000 after buying an additional 25,242 shares during the period. Finally, IFP Advisors Inc increased its stake in shares of Ally Financial by 9.5% during the second quarter. IFP Advisors Inc now owns 47,251 shares of the financial services provider’s stock valued at $1,241,000 after buying an additional 4,097 shares during the period.

ALLY opened at $26.95 on Friday. Ally Financial Inc has a 1 year low of $21.81 and a 1 year high of $31.29. The company has a debt-to-equity ratio of 3.60, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $11.36 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 0.69 and a beta of 1.35.

Ally Financial (NYSE:ALLY) last posted its earnings results on Thursday, July 26th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.12. Ally Financial had a return on equity of 9.45% and a net margin of 15.62%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the firm earned $0.55 earnings per share. sell-side analysts predict that Ally Financial Inc will post 3.08 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 15th. Shareholders of record on Wednesday, August 1st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.23%. The ex-dividend date was Tuesday, July 31st. This is a positive change from Ally Financial’s previous quarterly dividend of $0.13. Ally Financial’s payout ratio is 25.10%.

ALLY has been the topic of several research reports. Janney Montgomery Scott upgraded Ally Financial from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Friday, June 29th. ValuEngine lowered Ally Financial from a “buy” rating to a “hold” rating in a research note on Friday, June 1st. Zacks Investment Research upgraded Ally Financial from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Tuesday, July 17th. Morgan Stanley cut their price target on Ally Financial from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, April 27th. Finally, Stephens restated a “hold” rating and set a $32.00 price target on shares of Ally Financial in a research note on Friday, July 27th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Ally Financial currently has an average rating of “Buy” and an average target price of $32.75.

Ally Financial Profile

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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