Captrust Financial Advisors lessened its stake in shares of Ally Financial Inc. (NYSE:ALLY – Free Report) by 12.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,952 shares of the financial services provider’s stock after selling 828 shares during the quarter. Captrust Financial Advisors’ holdings in Ally Financial were worth $212,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of Ally Financial by 10.2% during the 2nd quarter. Blue Trust Inc. now owns 4,308 shares of the financial services provider’s stock valued at $175,000 after acquiring an additional 400 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in Ally Financial in the second quarter worth $285,000. Hobbs Group Advisors LLC acquired a new stake in Ally Financial in the second quarter worth $52,000. Fifth Third Bancorp grew its stake in shares of Ally Financial by 1.2% in the second quarter. Fifth Third Bancorp now owns 23,275 shares of the financial services provider’s stock worth $923,000 after purchasing an additional 278 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC bought a new position in shares of Ally Financial in the second quarter worth $338,000. 88.76% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on ALLY shares. Wells Fargo & Company decreased their price target on Ally Financial from $37.00 to $32.00 and set an “underweight” rating for the company in a research note on Thursday, September 26th. Morgan Stanley cut their price target on Ally Financial from $45.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. JPMorgan Chase & Co. raised their price objective on Ally Financial from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. 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. Finally, Barclays decreased their target price on Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a research note on Thursday, September 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ally Financial has a consensus rating of “Hold” and a consensus price target of $41.73.
Ally Financial Trading Up 0.4 %
NYSE:ALLY opened at $37.68 on Monday. 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 Inc. has a 12 month low of $31.77 and a 12 month high of $45.46. The company has a market cap of $11.48 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 0.46 and a beta of 1.42. The company has a 50 day simple moving average of $36.65 and a two-hundred day simple moving average of $38.58.
Ally Financial (NYSE:ALLY – Get Free Report) last issued its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.38. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the firm posted $0.83 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Research analysts forecast that Ally Financial Inc. will post 3 earnings per share for the current year.
Ally Financial Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.18%. Ally Financial’s dividend payout ratio (DPR) is presently 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.
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