Farther Finance Advisors LLC Sells 791 Shares of Ally Financial Inc. (NYSE:ALLY)

Farther Finance Advisors LLC trimmed its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 27.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,057 shares of the financial services provider’s stock after selling 791 shares during the quarter. Farther Finance Advisors LLC’s holdings in Ally Financial were worth $73,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC grew its stake in shares of Ally Financial by 9.7% in the first quarter. Janney Montgomery Scott LLC now owns 39,397 shares of the financial services provider’s stock worth $1,599,000 after purchasing an additional 3,488 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Ally Financial in the first quarter valued at about $367,000. Forsta AP Fonden raised its position in shares of Ally Financial by 7.1% during the first quarter. Forsta AP Fonden now owns 48,500 shares of the financial services provider’s stock worth $1,969,000 after acquiring an additional 3,200 shares during the last quarter. Atomi Financial Group Inc. acquired a new position in shares of Ally Financial in the first quarter worth approximately $256,000. Finally, Qsemble Capital Management LP bought a new stake in Ally Financial in the first quarter valued at approximately $335,000. 88.76% of the stock is owned by institutional investors.

Ally Financial Stock Performance

ALLY opened at $36.64 on Wednesday. The company has a market cap of $11.16 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 0.45 and a beta of 1.40. The company’s fifty day moving average price is $35.50 and its two-hundred day moving average price is $38.82. Ally Financial Inc. has a 1-year low of $25.23 and a 1-year high of $45.46. 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 quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.38. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. Ally Financial’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.83 EPS. On average, analysts expect that Ally Financial Inc. will post 3 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.28%. The ex-dividend date is Friday, November 1st. Ally Financial’s dividend payout ratio (DPR) is presently 48.00%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ALLY. Bank of America lowered their price target on shares of Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. StockNews.com raised shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. Wells Fargo & Company cut their price target on shares of Ally Financial from $37.00 to $32.00 and set an “underweight” rating on the stock in a research report on Thursday, September 26th. Raymond James raised Ally Financial from an “underperform” rating to a “market perform” rating in a research note on Monday, October 21st. Finally, Keefe, Bruyette & Woods decreased their target price on Ally Financial from $50.00 to $44.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $40.38.

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.