Teacher Retirement System of Texas raised its holdings in shares of Ally Financial Inc (NYSE:ALLY) by 21.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,033,086 shares of the financial services provider’s stock after purchasing an additional 183,977 shares during the quarter. Teacher Retirement System of Texas owned 0.26% of Ally Financial worth $32,015,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Nissay Asset Management Corp Japan ADV increased its position in Ally Financial by 2.1% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 38,692 shares of the financial services provider’s stock valued at $1,064,000 after purchasing an additional 809 shares during the period. Marshall Wace North America L.P. purchased a new position in Ally Financial during the 1st quarter valued at about $1,253,000. DekaBank Deutsche Girozentrale increased its position in Ally Financial by 2.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 424,005 shares of the financial services provider’s stock valued at $11,477,000 after purchasing an additional 10,797 shares during the period. Toronto Dominion Bank boosted its holdings in shares of Ally Financial by 30.8% in the 1st quarter. Toronto Dominion Bank now owns 74,377 shares of the financial services provider’s stock valued at $2,044,000 after buying an additional 17,534 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Ally Financial in the 2nd quarter valued at about $220,000. Institutional investors and hedge funds own 97.09% of the company’s stock.

NYSE ALLY traded up $0.01 on Thursday, hitting $31.14. 30,970 shares of the company’s stock traded hands, compared to its average volume of 3,304,713. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.62. Ally Financial Inc has a 1-year low of $20.60 and a 1-year high of $34.22. The firm’s 50-day moving average price is $32.05 and its two-hundred day moving average price is $29.37. The firm has a market capitalization of $12.15 billion, a PE ratio of 9.33, a P/E/G ratio of 0.61 and a beta of 1.31.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.88 by $0.09. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Ally Financial had a net margin of 26.59% and a return on equity of 10.89%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.83 EPS. On average, research analysts anticipate that Ally Financial Inc will post 3.74 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.18%. The ex-dividend date was Wednesday, July 31st. Ally Financial’s payout ratio is presently 20.36%.

A number of analysts have recently weighed in on the stock. Wells Fargo & Co restated a “buy” rating on shares of Ally Financial in a report on Sunday, July 21st. Barclays restated a “buy” rating on shares of Ally Financial in a report on Sunday, July 21st. BTIG Research raised their price target on shares of Ally Financial to $39.00 and gave the company a “buy” rating in a report on Friday, July 19th. Zacks Investment Research cut shares of Ally Financial from a “buy” rating to a “hold” rating and set a $33.00 price target on the stock. in a report on Tuesday, July 2nd. Finally, Nomura raised their price target on shares of Ally Financial from $29.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Ally Financial presently has an average rating of “Buy” and a consensus target price of $35.00.

In related news, insider Diane E. Morais sold 15,000 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $33.35, for a total value of $500,250.00. Following the completion of the sale, the insider now owns 220,048 shares of the company’s stock, valued at approximately $7,338,600.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO David J. Debrunner sold 2,222 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $31.32, for a total transaction of $69,593.04. Following the sale, the chief accounting officer now directly owns 105,757 shares of the company’s stock, valued at approximately $3,312,309.24. The disclosure for this sale can be found here. In the last three months, insiders sold 21,666 shares of company stock valued at $706,918. 0.35% of the stock is owned by insiders.

Ally Financial Profile

Ally Financial Inc provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates through 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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