Thompson Siegel & Walmsley LLC raised its stake in Ally Financial Inc (NYSE:ALLY) by 17.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,941,130 shares of the financial services provider’s stock after acquiring an additional 283,928 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.46% of Ally Financial worth $50,993,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in ALLY. BlackRock Inc. lifted its stake in Ally Financial by 7.6% in the 1st quarter. BlackRock Inc. now owns 24,388,855 shares of the financial services provider’s stock worth $662,156,000 after purchasing an additional 1,716,240 shares in the last quarter. LSV Asset Management increased its holdings in shares of Ally Financial by 104.2% in the 1st quarter. LSV Asset Management now owns 3,130,841 shares of the financial services provider’s stock worth $85,002,000 after buying an additional 1,597,600 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Ally Financial by 9,989.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,485,517 shares of the financial services provider’s stock valued at $40,333,000 after purchasing an additional 1,470,794 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Ally Financial by 16.9% during the 1st quarter. Wedge Capital Management L L P NC now owns 8,531,683 shares of the financial services provider’s stock valued at $231,635,000 after purchasing an additional 1,234,415 shares during the last quarter. Finally, Unigestion Holding SA bought a new position in shares of Ally Financial during the 2nd quarter valued at $32,286,000. Institutional investors own 98.97% of the company’s stock.

Shares of NYSE:ALLY traded up $0.57 during midday trading on Friday, reaching $27.12. 3,663,631 shares of the company’s stock were exchanged, compared to its average volume of 2,396,578. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 3.60. The company has a market capitalization of $11.20 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 0.68 and a beta of 1.34. Ally Financial Inc has a fifty-two week low of $22.21 and a fifty-two week high of $31.29.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.12. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. Ally Financial had a return on equity of 9.45% and a net margin of 15.62%. During the same period last year, the company earned $0.55 EPS. equities research analysts predict that Ally Financial Inc will post 3.09 earnings per share for the current fiscal year.

ALLY has been the subject of several research analyst reports. TheStreet raised shares of Ally Financial from a “c+” rating to a “b-” rating in a research report on Thursday, July 19th. Zacks Investment Research cut shares of Ally Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Stephens reiterated a “hold” rating and issued a $32.00 price target on shares of Ally Financial in a research note on Friday, July 27th. Bank of America raised shares of Ally Financial from a “neutral” rating to a “buy” rating and lifted their price target for the company from $33.00 to $35.00 in a report on Monday, July 30th. Finally, Instinet began coverage on shares of Ally Financial in a report on Tuesday, June 19th. They issued a “neutral” rating and a $28.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $32.75.

Ally Financial Company Profile

Ally Financial Inc provides various financial products and services for consumers, businesses, automotive dealers, and corporate clients in the United States and Canada. The company operates 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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