Barden Capital Management Inc. Reduces Stock Position in Ally Financial Inc. (NYSE:ALLY)

Barden Capital Management Inc. lessened its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 25.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,830 shares of the financial services provider’s stock after selling 8,715 shares during the quarter. Barden Capital Management Inc.’s holdings in Ally Financial were worth $1,048,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Trust Co. of Toledo NA OH boosted its stake in Ally Financial by 1.7% in the 1st quarter. Trust Co. of Toledo NA OH now owns 17,622 shares of the financial services provider’s stock worth $715,000 after buying an additional 287 shares during the last quarter. WBI Investments LLC boosted its stake in Ally Financial by 2.2% in the 4th quarter. WBI Investments LLC now owns 14,635 shares of the financial services provider’s stock worth $511,000 after buying an additional 316 shares during the last quarter. Signet Financial Management LLC boosted its stake in Ally Financial by 4.8% in the 1st quarter. Signet Financial Management LLC now owns 7,273 shares of the financial services provider’s stock worth $295,000 after buying an additional 330 shares during the last quarter. Xponance Inc. boosted its stake in Ally Financial by 1.4% in the 4th quarter. Xponance Inc. now owns 33,366 shares of the financial services provider’s stock worth $1,165,000 after buying an additional 472 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Ally Financial by 1.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 32,253 shares of the financial services provider’s stock valued at $1,309,000 after purchasing an additional 484 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ALLY shares. Royal Bank of Canada lifted their price objective on Ally Financial from $46.00 to $49.00 and gave the company an “outperform” rating in a research note on Thursday. Evercore ISI boosted their price target on Ally Financial from $43.00 to $45.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. Bank of America raised Ally Financial from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $42.00 to $46.00 in a research report on Tuesday, April 9th. Morgan Stanley boosted their price target on Ally Financial from $47.00 to $49.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, TD Cowen boosted their price target on Ally Financial from $42.00 to $43.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $42.78.

Ally Financial Stock Performance

NYSE ALLY traded down $0.58 during trading hours on Friday, hitting $41.86. The company had a trading volume of 2,248,109 shares, compared to its average volume of 3,412,184. Ally Financial Inc. has a fifty-two week low of $22.54 and a fifty-two week high of $44.50. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.39. The business has a fifty day simple moving average of $40.00 and a 200-day simple moving average of $38.19. The firm has a market cap of $12.72 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 0.51 and a beta of 1.41.

Ally Financial (NYSE:ALLY) last issued its 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. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the company earned $0.96 earnings per share. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. Equities analysts predict that Ally Financial Inc. will post 2.98 EPS for the current year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a $0.30 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $1.20 annualized dividend and a dividend yield of 2.87%. Ally Financial’s payout ratio is 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.