First Mercantile Trust Co. held its position in Ally Financial Inc. (NYSE:ALLY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,500 shares of the company’s stock at the end of the second quarter. First Mercantile Trust Co.’s holdings in Ally Financial were worth $111,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mizuho Asset Management Co. Ltd. raised its position in Ally Financial by 176.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 6,999 shares of the company’s stock worth $119,000 after buying an additional 4,467 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new position in Ally Financial during the second quarter worth $168,000. Barnett & Company Inc. purchased a new position in Ally Financial during the first quarter worth $178,000. Dynamic Technology Lab Private Ltd purchased a new position in Ally Financial during the second quarter worth $179,000. Finally, Seven Eight Capital LLC raised its position in Ally Financial by 180.5% in the first quarter. Seven Eight Capital LLC now owns 10,412 shares of the company’s stock worth $195,000 after buying an additional 6,700 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors.
Ally Financial Inc. (NYSE:ALLY) opened at 19.76 on Friday. Ally Financial Inc. has a 1-year low of $14.55 and a 1-year high of $21.03. The stock’s market cap is $9.48 billion. The firm has a 50-day moving average of $19.54 and a 200-day moving average of $18.01.
Ally Financial (NYSE:ALLY) last released its earnings results on Tuesday, July 26th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. Ally Financial had a net margin of 17.61% and a return on equity of 17.19%. During the same quarter in the previous year, the business posted $0.46 EPS. Analysts expect that Ally Financial Inc. will post $2.25 EPS for the current fiscal year.
ALLY has been the topic of several research reports. Credit Suisse Group AG reaffirmed an “outperform” rating on shares of Ally Financial in a research report on Tuesday, July 5th. Barclays PLC reaffirmed an “overweight” rating and issued a $23.00 price objective on shares of Ally Financial in a research report on Sunday, July 10th. Zacks Investment Research lowered shares of Ally Financial from a “buy” rating to a “sell” rating in a research report on Tuesday, September 27th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Ally Financial in a research report on Thursday, August 18th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Ally Financial in a research report on Tuesday, September 13th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Ally Financial presently has a consensus rating of “Buy” and a consensus target price of $25.13.
Ally Financial Company Profile
Ally Financial Inc is a financial holding company and a bank holding company. The Company’s banking subsidiary, Ally Bank, is a franchise in the Internet, telephone, mobile and mail banking market. The Company operates through three segments: Automotive Finance operations, Insurance operations and Mortgage operations.
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