Moore Capital Management LP Sells 907,740 Shares of Ally Financial Inc. $ALLY

Moore Capital Management LP cut its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 42.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,230,889 shares of the financial services provider’s stock after selling 907,740 shares during the quarter. Ally Financial accounts for about 0.8% of Moore Capital Management LP’s investment portfolio, making the stock its 17th largest holding. Moore Capital Management LP’s holdings in Ally Financial were worth $56,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. SJS Investment Consulting Inc. lifted its position in Ally Financial by 30.8% in the first quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 240 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its stake in shares of Ally Financial by 3.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 8,010 shares of the financial services provider’s stock worth $314,000 after buying an additional 243 shares during the period. Brown Brothers Harriman & Co. raised its holdings in Ally Financial by 31.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,052 shares of the financial services provider’s stock valued at $48,000 after buying an additional 252 shares during the last quarter. Triumph Capital Management raised its holdings in Ally Financial by 9.2% during the 4th quarter. Triumph Capital Management now owns 3,133 shares of the financial services provider’s stock valued at $142,000 after buying an additional 265 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in Ally Financial by 25.0% during the 4th quarter. Larson Financial Group LLC now owns 1,340 shares of the financial services provider’s stock valued at $61,000 after buying an additional 268 shares during the period. 88.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Bank of America raised their price target on shares of Ally Financial from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $58.00 target price on shares of Ally Financial in a report on Wednesday, July 22nd. Wells Fargo & Company raised their target price on Ally Financial from $52.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, June 26th. Weiss Ratings upgraded Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Finally, Citigroup lowered their price target on Ally Financial from $70.00 to $58.00 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Ally Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.64.

Ally Financial Trading Up 0.0%

NYSE:ALLY opened at $42.20 on Monday. The company has a 50-day moving average price of $44.52 and a 200-day moving average price of $42.64. Ally Financial Inc. has a 12 month low of $35.92 and a 12 month high of $47.29. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.26. The stock has a market cap of $12.84 billion, a price-to-earnings ratio of 9.95, a P/E/G ratio of 0.26 and a beta of 1.10.

Ally Financial (NYSE:ALLY) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.01). Ally Financial had a net margin of 16.75% and a return on equity of 11.75%. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the previous year, the firm posted $0.99 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities analysts predict that Ally Financial Inc. will post 5.19 EPS for the current year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a $0.30 dividend. The ex-dividend date was Friday, July 31st. This represents a $1.20 annualized dividend and a yield of 2.8%. Ally Financial’s dividend payout ratio (DPR) is 28.30%.

Insiders Place Their Bets

In other Ally Financial news, insider Stephanie N. Richard sold 5,000 shares of Ally Financial stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $44.23, for a total transaction of $221,150.00. Following the sale, the insider directly owned 88,927 shares of the company’s stock, valued at approximately $3,933,241.21. The trade was a 5.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.46% of the company’s stock.

Ally Financial Profile

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.