Texas Permanent School Fund Corp Buys 3,107 Shares of Ally Financial Inc. (NYSE:ALLY)

Texas Permanent School Fund Corp lifted its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 1.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 237,585 shares of the financial services provider’s stock after acquiring an additional 3,107 shares during the period. Texas Permanent School Fund Corp owned approximately 0.08% of Ally Financial worth $9,644,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ALLY. Scout Investments Inc. purchased a new position in Ally Financial in the 4th quarter worth $63,080,000. Norges Bank purchased a new position in shares of Ally Financial in the fourth quarter valued at about $62,869,000. Jennison Associates LLC purchased a new position in shares of Ally Financial in the first quarter valued at about $52,252,000. ANTIPODES PARTNERS Ltd purchased a new position in shares of Ally Financial in the fourth quarter valued at about $27,975,000. Finally, Donald Smith & CO. Inc. increased its position in shares of Ally Financial by 22.0% in the fourth quarter. Donald Smith & CO. Inc. now owns 2,752,830 shares of the financial services provider’s stock valued at $96,129,000 after acquiring an additional 495,584 shares during the period. 88.76% of the stock is owned by institutional investors.

Ally Financial Stock Up 2.5 %

Shares of NYSE ALLY traded up $1.05 during midday trading on Thursday, hitting $42.30. The stock had a trading volume of 3,069,326 shares, compared to its average volume of 3,388,237. The business’s 50 day moving average is $39.50 and its 200-day moving average is $37.81. The company has a market cap of $12.86 billion, a P/E ratio of 17.27, a PEG ratio of 0.49 and a beta of 1.41. Ally Financial Inc. has a 52 week low of $22.54 and a 52 week high of $42.64. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.50.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.12. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the company earned $0.82 earnings per share. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. As a group, analysts predict that Ally Financial Inc. will post 3 EPS for the current year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, April 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.84%. Ally Financial’s payout ratio is 48.98%.

Analyst Ratings Changes

ALLY has been the topic of several research analyst reports. StockNews.com upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. upgraded shares of Ally Financial from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $39.00 to $45.00 in a research report on Monday. Citigroup initiated coverage on shares of Ally Financial in a research report on Monday, June 24th. They set a “buy” rating and a $50.00 price target on the stock. Compass Point boosted their price target on shares of Ally Financial from $28.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Finally, Bank of America upgraded shares of Ally Financial from a “neutral” rating to a “buy” rating and boosted their price target for the company from $42.00 to $46.00 in a research report on Tuesday, April 9th. Two 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 currently has an average rating of “Hold” and an average target price of $41.89.

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.