California Public Employees Retirement System Has $37.19 Million Holdings in Ally Financial Inc (ALLY)

California Public Employees Retirement System reduced its position in shares of Ally Financial Inc (NYSE:ALLY) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,415,763 shares of the financial services provider’s stock after selling 24,685 shares during the quarter. California Public Employees Retirement System’s holdings in Ally Financial were worth $37,192,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ALLY. Freestone Capital Holdings LLC raised its position in shares of Ally Financial by 4.9% in the first quarter. Freestone Capital Holdings LLC now owns 40,867 shares of the financial services provider’s stock valued at $1,110,000 after purchasing an additional 1,904 shares during the period. Putnam Investments LLC raised its position in shares of Ally Financial by 0.3% in the second quarter. Putnam Investments LLC now owns 839,837 shares of the financial services provider’s stock valued at $22,062,000 after purchasing an additional 2,225 shares during the period. First Republic Investment Management Inc. raised its position in shares of Ally Financial by 20.6% in the second quarter. First Republic Investment Management Inc. now owns 13,423 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 2,292 shares during the period. Stifel Financial Corp raised its position in shares of Ally Financial by 13.4% in the first quarter. Stifel Financial Corp now owns 20,086 shares of the financial services provider’s stock valued at $547,000 after purchasing an additional 2,381 shares during the period. Finally, First Mercantile Trust Co. raised its position in shares of Ally Financial by 27.6% in the second quarter. First Mercantile Trust Co. now owns 11,230 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 2,430 shares during the period. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on ALLY shares. ValuEngine lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a research report on Friday, June 1st. Instinet started coverage on shares of Ally Financial in a research report on Tuesday, June 19th. They issued a “neutral” rating and a $28.00 price objective on the stock. Nomura started coverage on shares of Ally Financial in a research report on Tuesday, June 19th. They issued a “neutral” rating and a $28.00 price objective on the stock. Janney Montgomery Scott raised shares of Ally Financial from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Friday, June 29th. Finally, Zacks Investment Research raised shares of Ally Financial from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Tuesday, July 17th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $32.75.

NYSE:ALLY opened at $27.30 on Tuesday. Ally Financial Inc has a 52 week low of $23.15 and a 52 week high of $31.29. The stock has a market cap of $11.62 billion, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 0.70 and a beta of 1.34. The company has a debt-to-equity ratio of 3.60, a quick ratio of 1.21 and a current ratio of 1.21.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.12. Ally Financial had a net margin of 15.62% and a return on equity of 9.45%. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the firm earned $0.55 earnings per share. equities research analysts anticipate that Ally Financial Inc will post 3.09 earnings per share for the current year.

About Ally Financial

Ally Financial Inc provides various financial products and services for consumers, businesses, automotive dealers, and corporate clients in the United States and Canada. The company operates Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.

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Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

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