Sanctuary Advisors LLC Invests $702,000 in Ally Financial Inc. (NYSE:ALLY)

Sanctuary Advisors LLC acquired a new stake in Ally Financial Inc. (NYSE:ALLY) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,853 shares of the financial services provider’s stock, valued at approximately $702,000.

A number of other institutional investors also recently added to or reduced their stakes in ALLY. 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 purchasing an additional 526 shares during the period. Transcendent Capital Group LLC purchased a new stake in shares of Ally Financial during the 1st quarter worth approximately $28,000. Rise Advisors LLC acquired a new stake in shares of Ally Financial in the 1st quarter worth approximately $32,000. Quarry LP increased its stake in Ally Financial by 165.7% in the 4th quarter. Quarry LP now owns 959 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 598 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Ally Financial during the second quarter worth $41,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Wall Street Analyst Weigh In

ALLY has been the subject of several research reports. Bank of America cut their price target 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. StockNews.com downgraded shares of Ally Financial from a “hold” rating to a “sell” rating in a report on Friday. Evercore ISI cut their price objective on Ally Financial from $47.00 to $38.00 and set an “in-line” rating for the company in a research report on Monday, October 7th. Barclays lowered their target price on Ally Financial from $44.00 to $36.00 and set an “equal weight” rating on the stock in a report on Thursday, September 12th. Finally, Citigroup began coverage on Ally Financial in a report on Monday, June 24th. They issued a “buy” rating and a $50.00 price target for the company. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $40.63.

Ally Financial Price Performance

Shares of Ally Financial stock opened at $35.66 on Monday. The business’s fifty day moving average price is $38.07 and its 200 day moving average price is $39.28. Ally Financial Inc. has a twelve month low of $22.54 and a twelve month high of $45.46. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $10.84 billion, a P/E ratio of 14.56, a PEG ratio of 0.42 and a beta of 1.39.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share 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 analyst estimates of $2.03 billion. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. The company’s revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.96 EPS. As a group, research analysts anticipate that Ally Financial Inc. will post 2.87 earnings per share for the current year.

Ally Financial Dividend Announcement

The firm 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Friday, November 1st. Ally Financial’s dividend payout ratio is presently 48.98%.

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.