Prescott Group Capital Management L.L.C. Cuts Position in Ally Financial Inc. (NYSE:ALLY)

Prescott Group Capital Management L.L.C. trimmed its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 12.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 81,547 shares of the financial services provider’s stock after selling 12,010 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in Ally Financial were worth $2,203,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ALLY. Salem Investment Counselors Inc. lifted its stake in shares of Ally Financial by 115.0% in the first quarter. Salem Investment Counselors Inc. now owns 645 shares of the financial services provider’s stock worth $28,000 after buying an additional 345 shares in the last quarter. WealthPLAN Partners LLC purchased a new stake in shares of Ally Financial during the first quarter valued at $25,000. BI Asset Management Fondsmaeglerselskab A S increased its holdings in Ally Financial by 167.3% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,200 shares of the financial services provider’s stock worth $31,000 after buying an additional 751 shares in the last quarter. Natixis purchased a new position in Ally Financial in the 4th quarter worth about $41,000. Finally, Brown Brothers Harriman & Co. lifted its stake in Ally Financial by 618.8% during the 1st quarter. Brown Brothers Harriman & Co. now owns 1,718 shares of the financial services provider’s stock valued at $75,000 after acquiring an additional 1,479 shares during the period. 86.04% of the stock is owned by institutional investors.

Ally Financial Trading Down 0.1 %

ALLY stock traded down $0.03 during mid-day trading on Monday, reaching $27.48. 536,409 shares of the stock traded hands, compared to its average volume of 5,339,493. Ally Financial Inc. has a one year low of $21.58 and a one year high of $35.78. The stock has a market capitalization of $8.29 billion, a PE ratio of 7.47 and a beta of 1.38. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.93 and a current ratio of 0.93. The business has a 50-day moving average price of $25.96 and a two-hundred day moving average price of $26.96.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.80 by $0.03. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.06 billion. Ally Financial had a net margin of 14.64% and a return on equity of 11.36%. The firm’s revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.12 EPS. Equities research analysts expect that Ally Financial Inc. will post 3.2 EPS for the current year.

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date was Tuesday, October 31st. Ally Financial’s payout ratio is currently 32.79%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ALLY shares. Bank of America reduced their price objective on Ally Financial from $30.00 to $28.00 in a research report on Tuesday, October 10th. Citigroup reduced their price objective on Ally Financial from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, October 19th. Morgan Stanley lowered their target price on Ally Financial from $24.00 to $23.00 and set an “underweight” rating on the stock in a research report on Thursday, October 19th. JPMorgan Chase & Co. reduced their price objective on shares of Ally Financial from $31.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday, October 17th. Finally, TD Cowen assumed coverage on Ally Financial in a research note on Wednesday, November 1st. They issued a “market perform” rating and a $28.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Ally Financial presently has a consensus rating of “Hold” and a consensus target price of $29.80.

About Ally Financial

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.