US Bancorp DE Buys 590 Shares of Ally Financial Inc. (NYSE:ALLY)

US Bancorp DE raised its stake in Ally Financial Inc. (NYSE:ALLY) by 4.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,516 shares of the financial services provider’s stock after buying an additional 590 shares during the period. US Bancorp DE’s holdings in Ally Financial were worth $517,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Ally Financial by 510.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock worth $25,000 after buying an additional 526 shares during the last quarter. Transcendent Capital Group LLC bought a new position in shares of Ally Financial during the first quarter valued at about $28,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Ally Financial in the 2nd quarter valued at about $41,000. Allworth Financial LP boosted its holdings in Ally Financial by 41.9% during the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 421 shares during the period. Finally, Hobbs Group Advisors LLC bought a new position in Ally Financial during the 2nd quarter worth approximately $52,000. Institutional investors own 88.76% of the company’s stock.

Analyst Ratings Changes

ALLY has been the subject of several recent research reports. Raymond James upgraded Ally Financial from an “underperform” rating to a “market perform” rating in a research report on Monday, October 21st. Royal Bank of Canada reiterated an “outperform” rating and issued a $40.00 price objective on shares of Ally Financial in a research report on Monday, October 21st. JPMorgan Chase & Co. upgraded Ally Financial from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $46.00 to $40.00 in a research report on Monday, October 7th. Morgan Stanley lowered their price objective on Ally Financial from $45.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Finally, Wells Fargo & Company lowered their price objective on Ally Financial from $37.00 to $32.00 and set an “underweight” rating for the company in a research report on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $40.38.

Ally Financial Trading Down 0.1 %

NYSE ALLY opened at $37.54 on Tuesday. Ally Financial Inc. has a 12 month low of $25.23 and a 12 month high of $45.46. The stock has a market cap of $11.44 billion, a P/E ratio of 15.02, a P/E/G ratio of 0.45 and a beta of 1.40. The stock’s fifty day moving average price is $35.62 and its 200-day moving average price is $38.83. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36.

Ally Financial (NYSE:ALLY) last released its earnings results on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.38. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the firm posted $0.83 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, equities analysts forecast that Ally Financial Inc. will post 3 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.30 dividend. The ex-dividend date is Friday, November 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.20%. Ally Financial’s dividend payout ratio is currently 48.00%.

About Ally Financial

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.