WESPAC Advisors LLC Sells 1,369 Shares of Ally Financial Inc. (NYSE:ALLY)

WESPAC Advisors LLC trimmed its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 12.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,508 shares of the financial services provider’s stock after selling 1,369 shares during the period. WESPAC Advisors LLC’s holdings in Ally Financial were worth $377,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in ALLY. Boston Partners bought a new stake in shares of Ally Financial during the 1st quarter valued at $152,079,000. Bank of New York Mellon Corp raised its position in shares of Ally Financial by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,697,251 shares of the financial services provider’s stock worth $146,670,000 after purchasing an additional 31,491 shares during the last quarter. Donald Smith & CO. Inc. boosted its stake in Ally Financial by 0.8% in 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. grew its position in Ally Financial by 1.8% during the 4th 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 purchasing an additional 42,556 shares during the last quarter. Finally, Scout Investments Inc. bought a new stake in Ally Financial during the 4th quarter valued at about $63,080,000. Institutional investors own 88.76% of the company’s stock.

Ally Financial Trading Up 1.7 %

Shares of NYSE:ALLY traded up $0.73 during mid-day trading on Friday, reaching $43.19. 3,637,274 shares of the company were exchanged, compared to its average volume of 3,213,281. Ally Financial Inc. has a 1 year low of $22.54 and a 1 year high of $45.46. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.92 and a quick ratio of 0.91. The firm’s 50-day simple moving average is $41.72 and its 200 day simple moving average is $39.59. The firm has a market cap of $13.13 billion, a price-to-earnings ratio of 17.63, a P/E/G ratio of 0.42 and a beta of 1.41.

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

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were given a dividend of $0.30 per share. The ex-dividend date was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.78%. Ally Financial’s dividend payout ratio (DPR) is presently 48.98%.

Analyst Upgrades and Downgrades

Several analysts recently commented on ALLY shares. Deutsche Bank Aktiengesellschaft cut their price objective on Ally Financial from $51.00 to $50.00 and set a “buy” rating for the company in a report on Monday, July 1st. JPMorgan Chase & Co. upgraded shares of Ally Financial from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $39.00 to $45.00 in a research note on Monday, July 8th. Citigroup began coverage on shares of Ally Financial in a report on Monday, June 24th. They issued a “buy” rating and a $50.00 target price for the company. Keefe, Bruyette & Woods boosted their price target on Ally Financial from $45.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, July 8th. Finally, Royal Bank of Canada raised their target price on shares of Ally Financial from $46.00 to $49.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $42.78.

About Ally Financial

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.