Voya Investment Management LLC reduced its stake in shares of Ally Financial Inc (NYSE:ALLY) by 12.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 157,109 shares of the financial services provider’s stock after selling 22,277 shares during the quarter. Voya Investment Management LLC’s holdings in Ally Financial were worth $4,128,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Freestone Capital Holdings LLC increased its position in shares of Ally Financial by 4.9% in the first quarter. Freestone Capital Holdings LLC now owns 40,867 shares of the financial services provider’s stock valued at $1,110,000 after buying an additional 1,904 shares in the last quarter. First Republic Investment Management Inc. increased its position in shares of Ally Financial by 20.6% in the second quarter. First Republic Investment Management Inc. now owns 13,423 shares of the financial services provider’s stock valued at $353,000 after buying an additional 2,292 shares in the last quarter. Stifel Financial Corp increased its position in shares of Ally Financial by 13.4% in the first quarter. Stifel Financial Corp now owns 20,086 shares of the financial services provider’s stock valued at $547,000 after buying an additional 2,381 shares in the last quarter. First Mercantile Trust Co. increased its position in shares of Ally Financial by 27.6% in the second quarter. First Mercantile Trust Co. now owns 11,230 shares of the financial services provider’s stock valued at $295,000 after buying an additional 2,430 shares in the last quarter. Finally, Xact Kapitalforvaltning AB increased its position in shares of Ally Financial by 3.8% in the first quarter. Xact Kapitalforvaltning AB now owns 69,430 shares of the financial services provider’s stock valued at $1,885,000 after buying an additional 2,556 shares in the last quarter. Institutional investors own 98.96% of the company’s stock.

A number of analysts have recently commented on ALLY shares. Zacks Investment Research upgraded Ally Financial from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Tuesday. ValuEngine cut Ally Financial from a “buy” rating to a “hold” rating in a research report on Friday, June 1st. Stephens restated a “hold” rating and issued a $32.00 price objective on shares of Ally Financial in a research report on Friday, July 27th. Janney Montgomery Scott upgraded Ally Financial from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Friday, June 29th. Finally, TheStreet upgraded Ally Financial from a “c+” rating to a “b-” rating in a research report on Thursday, July 19th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Ally Financial currently has a consensus rating of “Buy” and an average target price of $32.75.

Shares of ALLY opened at $26.69 on Friday. 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 one year low of $23.66 and a one year high of $31.29. The company has a market cap of $11.29 billion, a P/E ratio of 9.35, a PEG ratio of 0.68 and a beta of 1.34.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.83 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the business earned $0.55 earnings per share. equities analysts predict that Ally Financial Inc will post 3.09 EPS for the current year.

Ally Financial Company 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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