Vest Financial LLC Raises Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

Vest Financial LLC lifted its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 56.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,449 shares of the financial services provider’s stock after purchasing an additional 15,765 shares during the quarter. Vest Financial LLC’s holdings in Ally Financial were worth $1,546,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in 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 worth $25,000 after buying an additional 526 shares in the last quarter. Transcendent Capital Group LLC purchased a new stake in Ally Financial in the first quarter worth approximately $28,000. Ashton Thomas Private Wealth LLC purchased a new stake in Ally Financial in the second quarter worth approximately $41,000. Hobbs Group Advisors LLC purchased a new stake in Ally Financial in the second quarter worth approximately $52,000. Finally, First Community Trust NA bought a new stake in Ally Financial in the second quarter valued at approximately $53,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Trading Down 2.3 %

NYSE ALLY opened at $35.01 on Monday. Ally Financial Inc. has a 12 month low of $22.54 and a 12 month high of $45.46. The stock has a market cap of $10.64 billion, a P/E ratio of 14.29, a P/E/G ratio of 0.42 and a beta of 1.39. The stock’s fifty day moving average price is $37.62 and its 200-day moving average price is $39.13. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.39.

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 8.37% and a net margin of 10.26%. 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 2.87 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.30 per share. The ex-dividend date is Friday, November 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.43%. Ally Financial’s dividend payout ratio (DPR) is presently 48.98%.

Analysts Set New Price Targets

Several analysts have weighed in on ALLY shares. BTIG Research downgraded Ally Financial from a “buy” rating to a “neutral” rating in a research report on Monday, September 16th. TD Cowen decreased their target price on Ally Financial from $45.00 to $37.00 and set a “hold” rating for the company in a report on Monday, September 23rd. Bank of America decreased their target price on Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Evercore ISI decreased their target price on Ally Financial from $47.00 to $38.00 and set an “in-line” rating for the company in a report on Monday, October 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Ally Financial from $51.00 to $50.00 and set a “buy” rating for the company in a report on Monday, July 1st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $40.63.

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.