Ally Financial Inc. $ALLY Shares Sold by United Services Automobile Association

United Services Automobile Association trimmed its holdings in Ally Financial Inc. (NYSE:ALLY) by 8.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,638 shares of the financial services provider’s stock after selling 1,469 shares during the period. United Services Automobile Association’s holdings in Ally Financial were worth $623,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Aristeia Capital L.L.C. acquired a new stake in shares of Ally Financial during the 1st quarter valued at approximately $282,000. Caxton Associates LLP acquired a new stake in shares of Ally Financial during the 1st quarter valued at approximately $927,000. Goldman Sachs Group Inc. raised its position in shares of Ally Financial by 35.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,379,207 shares of the financial services provider’s stock valued at $86,770,000 after acquiring an additional 616,247 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Ally Financial by 22.8% during the 1st quarter. NewEdge Advisors LLC now owns 2,235 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 415 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Ally Financial by 234.7% during the 1st quarter. Millennium Management LLC now owns 3,752,066 shares of the financial services provider’s stock valued at $136,838,000 after acquiring an additional 2,630,981 shares in the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Truist Financial upped their price target on Ally Financial from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Wells Fargo & Company raised Ally Financial from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $37.00 to $45.00 in a research report on Tuesday, September 2nd. Royal Bank Of Canada reissued an “outperform” rating on shares of Ally Financial in a research report on Monday, July 14th. BTIG Research raised Ally Financial from a “sell” rating to a “neutral” rating in a research report on Monday, July 14th. Finally, Wall Street Zen upgraded Ally Financial from a “sell” rating to a “hold” rating in a research note on Friday, May 23rd. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Ally Financial has a consensus rating of “Moderate Buy” and a consensus price target of $43.67.

Ally Financial Price Performance

Shares of ALLY opened at $41.45 on Wednesday. The company has a market cap of $12.76 billion, a P/E ratio of 26.92, a PEG ratio of 0.32 and a beta of 1.13. The stock has a fifty day moving average price of $39.49 and a 200 day moving average price of $36.51. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.92 and a quick ratio of 0.92. Ally Financial Inc. has a 12 month low of $29.52 and a 12 month high of $42.46.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Friday, July 18th. The financial services provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.21. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a return on equity of 9.48% and a net margin of 7.64%.The firm’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 EPS. On average, research analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. Ally Financial’s dividend payout ratio is presently 77.92%.

Ally Financial Profile

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.