Interval Partners LP Reduces Holdings in Ally Financial Inc. (NYSE:ALLY)

Interval Partners LP lessened its holdings in Ally Financial Inc. (NYSE:ALLY) by 36.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 231,785 shares of the financial services provider’s stock after selling 131,110 shares during the period. Interval Partners LP owned 0.08% of Ally Financial worth $9,408,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Donald Smith & CO. Inc. increased its position in Ally Financial by 0.8% during the 1st quarter. Donald Smith & CO. Inc. now owns 2,774,487 shares of the financial services provider’s stock worth $112,616,000 after purchasing an additional 21,657 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Ally Financial by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,346,882 shares of the financial services provider’s stock valued at $81,953,000 after buying an additional 42,556 shares during the last quarter. Magnolia Group LLC lifted its stake in shares of Ally Financial by 3.7% during the fourth quarter. Magnolia Group LLC now owns 2,120,122 shares of the financial services provider’s stock valued at $74,035,000 after buying an additional 76,000 shares during the period. Scout Investments Inc. purchased a new position in shares of Ally Financial during the fourth quarter valued at approximately $63,080,000. Finally, Norges Bank acquired a new stake in Ally Financial during the fourth quarter worth approximately $62,869,000. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on ALLY. BMO Capital Markets increased their price target on Ally Financial from $36.00 to $37.00 and gave the stock a “market perform” rating in a research note on Friday, April 19th. Citigroup initiated coverage on Ally Financial in a research note on Monday, June 24th. They issued a “buy” rating and a $50.00 price target on the stock. Morgan Stanley upped their price objective on shares of Ally Financial from $47.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Evercore ISI raised their target price on shares of Ally Financial from $43.00 to $45.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. Finally, Royal Bank of Canada upped their price target on shares of Ally Financial from $46.00 to $49.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $42.78.

Ally Financial Stock Up 0.9 %

Shares of ALLY traded up $0.38 during mid-day trading on Tuesday, reaching $44.54. 2,053,601 shares of the stock traded hands, compared to its average volume of 3,349,342. The stock has a fifty day simple moving average of $40.33 and a 200 day simple moving average of $38.60. Ally Financial Inc. has a 12-month low of $22.54 and a 12-month high of $45.25. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.39. The firm has a market cap of $13.54 billion, a price-to-earnings ratio of 18.24, a P/E/G ratio of 0.43 and a beta of 1.42.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.33. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 EPS. Sell-side analysts expect that Ally Financial Inc. will post 3.42 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Wednesday, July 31st. Ally Financial’s dividend payout ratio is currently 48.98%.

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.