Interval Partners LP Has $9.41 Million Holdings in Ally Financial Inc. (NYSE:ALLY)

Interval Partners LP decreased its holdings in Ally Financial Inc. (NYSE:ALLY) by 36.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 231,785 shares of the financial services provider’s stock after selling 131,110 shares during the period. Interval Partners LP’s holdings in Ally Financial were worth $9,408,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ALLY. Transcendent Capital Group LLC acquired a new position in Ally Financial in the 1st quarter valued at approximately $28,000. Northwest Financial Advisors acquired a new position in shares of Ally Financial in the fourth quarter worth $31,000. Rise Advisors LLC purchased a new stake in shares of Ally Financial during the first quarter worth $32,000. Quarry LP boosted its position in Ally Financial by 165.7% during the fourth quarter. Quarry LP now owns 959 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 598 shares during the last quarter. Finally, SYSTM Wealth Solutions LLC grew its stake in Ally Financial by 571.7% in the first quarter. SYSTM Wealth Solutions LLC now owns 927 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 789 shares in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Ally Financial from $51.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, July 1st. Compass Point increased their price target on shares of Ally Financial from $28.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. BTIG Research began coverage on shares of Ally Financial in a research note on Friday, June 7th. They issued a “buy” rating and a $51.00 price objective for the company. Morgan Stanley increased their target price on shares of Ally Financial from $47.00 to $49.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Finally, Royal Bank of Canada boosted their price target on Ally Financial from $46.00 to $49.00 and gave the stock an “outperform” rating in a research report 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 stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $42.78.

Ally Financial Stock Performance

ALLY stock traded up $0.38 on Tuesday, reaching $44.54. 2,053,601 shares of the company were exchanged, compared to its average volume of 3,349,342. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.92 and a quick ratio of 0.91. Ally Financial Inc. has a 12 month low of $22.54 and a 12 month high of $45.25. The stock’s fifty day moving average price is $40.33 and its 200 day moving average price is $38.60. The firm has a market capitalization of $13.54 billion, a PE ratio of 18.24, a PEG ratio of 0.43 and a beta of 1.42.

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

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Wednesday, July 31st. Ally Financial’s payout ratio is presently 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.