5,863 Shares in Ally Financial Inc. (NYSE:ALLY) Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC acquired a new position in Ally Financial Inc. (NYSE:ALLY) during the second quarter, Holdings Channel reports. The institutional investor acquired 5,863 shares of the financial services provider’s stock, valued at approximately $233,000.

Other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Ally Financial by 510.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock valued at $25,000 after buying an additional 526 shares during the period. Transcendent Capital Group LLC bought a new stake in shares of Ally Financial in the 1st quarter worth approximately $28,000. Rise Advisors LLC acquired a new stake in shares of Ally Financial during the 1st quarter worth approximately $32,000. Quarry LP increased its position in shares of 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 period. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Ally Financial in the second quarter valued at $41,000. 88.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wells Fargo & Company lowered their price target on shares of Ally Financial from $37.00 to $32.00 and set an “underweight” rating on the stock in a report on Thursday, September 26th. Royal Bank of Canada dropped their target price on Ally Financial from $49.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, September 12th. Morgan Stanley decreased their price target on Ally Financial from $49.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 11th. Bank of America dropped their price objective on Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Finally, TD Cowen cut their price objective on Ally Financial from $45.00 to $37.00 and set a “hold” rating for the company in a report on Monday, September 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Ally Financial presently has a consensus rating of “Hold” and a consensus price target of $41.38.

Ally Financial Stock Up 1.9 %

Shares of ALLY opened at $35.13 on Friday. The business’s fifty day moving average price is $38.89 and its two-hundred day moving average price is $39.42. The firm has a market capitalization of $10.68 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 0.37 and a beta of 1.40. Ally Financial Inc. has a 52 week low of $22.54 and a 52 week high of $45.46. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.91 and a current ratio of 0.92.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.33. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.96 earnings per share. On average, analysts predict that Ally Financial Inc. will post 3.15 earnings per share for the current year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.42%. The ex-dividend date was Thursday, August 1st. Ally Financial’s dividend payout ratio is 48.98%.

Ally Financial Company 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.