Stifel Financial Corp Trims Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

Stifel Financial Corp lessened its position in shares of Ally Financial Inc. (NYSE:ALLY) by 18.2% during the 3rd quarter, Holdings Channel reports. The firm owned 28,186 shares of the financial services provider’s stock after selling 6,292 shares during the quarter. Stifel Financial Corp’s holdings in Ally Financial were worth $1,003,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC increased its holdings in Ally Financial by 68.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 68,986 shares of the financial services provider’s stock worth $2,455,000 after buying an additional 28,114 shares during the period. CWA Asset Management Group LLC acquired a new stake in shares of Ally Financial in the third quarter worth $1,338,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Ally Financial by 58.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,466 shares of the financial services provider’s stock worth $1,796,000 after purchasing an additional 18,671 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Ally Financial during the third quarter valued at $21,571,000. Finally, Private Management Group Inc. boosted its holdings in Ally Financial by 3.1% in the third quarter. Private Management Group Inc. now owns 721,693 shares of the financial services provider’s stock valued at $25,685,000 after purchasing an additional 21,846 shares during the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ALLY has been the subject of several analyst reports. Bank of America decreased their price objective on Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Barclays decreased their price target on Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a report on Thursday, September 12th. BTIG Research cut shares of Ally Financial from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. Citigroup boosted their target price on shares of Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Wells Fargo & Company dropped 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. One equities research 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. Based on data from MarketBeat.com, Ally Financial has a consensus rating of “Hold” and a consensus target price of $42.14.

Ally Financial Stock Performance

Shares of NYSE:ALLY opened at $35.26 on Tuesday. The business’s 50 day moving average price is $36.69 and its 200-day moving average price is $38.48. Ally Financial Inc. has a 1 year low of $31.77 and a 1 year high of $45.46. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $10.74 billion, a PE ratio of 14.10, a P/E/G ratio of 0.46 and a beta of 1.42.

Ally Financial (NYSE:ALLY) last released its earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping 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 net margin of 10.84% and a return on equity of 8.39%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.83 earnings per share. As a group, equities research analysts expect that Ally Financial Inc. will post 3 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.40%. The ex-dividend date was Friday, November 1st. Ally Financial’s dividend payout ratio is currently 48.00%.

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.