EP Wealth Advisors LLC Invests $233,000 in Ally Financial Inc. (NYSE:ALLY)

EP Wealth Advisors LLC acquired a new position in shares of Ally Financial Inc. (NYSE:ALLY) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,863 shares of the financial services provider’s stock, valued at approximately $233,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Boston Partners purchased a new position in shares of Ally Financial during the first quarter valued at approximately $152,079,000. Scout Investments Inc. acquired a new position in Ally Financial in the 4th quarter valued at $63,080,000. Jennison Associates LLC purchased a new position in shares of Ally Financial during the 1st quarter worth $52,252,000. Delta Global Management LP boosted its holdings in shares of Ally Financial by 3,262.3% during the first quarter. Delta Global Management LP now owns 1,035,994 shares of the financial services provider’s stock worth $42,051,000 after purchasing an additional 1,005,182 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Ally Financial by 11.3% in the second quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider’s stock valued at $384,715,000 after purchasing an additional 987,489 shares during the last quarter. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Ally Financial Price Performance

Shares of NYSE ALLY opened at $35.13 on Friday. The business has a 50 day simple moving average of $38.89 and a 200-day simple moving average of $39.42. Ally Financial Inc. has a twelve month low of $22.54 and a twelve month high of $45.46. The company has a market capitalization of $10.68 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 0.37 and a beta of 1.40. 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 issued its earnings results on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.33. The firm 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 firm’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period last year, the company earned $0.96 earnings per share. As a group, equities research analysts expect that Ally Financial Inc. will post 3.15 earnings per share for the current year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date was Thursday, August 1st. Ally Financial’s payout ratio is 48.98%.

Analyst Ratings Changes

ALLY has been the subject of several research analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of Ally Financial from $50.00 to $44.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. Wells Fargo & Company dropped 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. Citigroup began coverage on Ally Financial in a report on Monday, June 24th. They issued a “buy” rating and a $50.00 price objective on the stock. Barclays dropped their target price on shares of Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a research report on Thursday, September 12th. Finally, BTIG Research lowered shares of Ally Financial from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $41.38.

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.