Ally Financial Inc. (NYSE:ALLY) Shares Bought by Cerity Partners LLC

Cerity Partners LLC grew its stake in Ally Financial Inc. (NYSE:ALLY) by 8.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,488 shares of the financial services provider’s stock after purchasing an additional 1,273 shares during the period. Cerity Partners LLC’s holdings in Ally Financial were worth $587,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. CWM LLC grew its holdings in Ally Financial by 10.3% during the second quarter. CWM LLC now owns 8,395 shares of the financial services provider’s stock worth $333,000 after acquiring an additional 782 shares during the period. SG Americas Securities LLC increased its holdings in shares of Ally Financial by 33.6% in the 2nd quarter. SG Americas Securities LLC now owns 164,786 shares of the financial services provider’s stock valued at $6,537,000 after purchasing an additional 41,413 shares in the last quarter. Asset Management Advisors LLC increased its holdings in shares of Ally Financial by 1.2% in the 2nd quarter. Asset Management Advisors LLC now owns 165,599 shares of the financial services provider’s stock valued at $6,569,000 after purchasing an additional 1,889 shares in the last quarter. First Community Trust NA acquired a new stake in shares of Ally Financial in the second quarter valued at about $53,000. Finally, M&G Plc acquired a new position in Ally Financial during the second quarter worth about $497,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Up 0.5 %

Shares of ALLY opened at $38.55 on Friday. The company has a market capitalization of $11.75 billion, a P/E ratio of 15.42, a PEG ratio of 0.46 and a beta of 1.42. Ally Financial Inc. has a one year low of $29.05 and a one year high of $45.46. The business’s 50 day simple moving average is $36.33 and its 200-day simple moving average is $38.59. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.92 and a quick ratio of 0.92.

Ally Financial (NYSE:ALLY) last released its earnings results on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.57 by $0.38. The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $0.83 EPS. As a group, sell-side analysts predict that Ally Financial Inc. will post 3 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend was Friday, November 1st. Ally Financial’s payout ratio is presently 48.00%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ALLY. Wells Fargo & Company lowered their price target on Ally Financial from $37.00 to $32.00 and set an “underweight” rating on the stock in a report on Thursday, September 26th. Royal Bank of Canada restated an “outperform” rating and issued a $40.00 price target on shares of Ally Financial in a research report on Monday, October 21st. Barclays decreased their price objective on shares of Ally Financial from $44.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 12th. TD Cowen dropped their target price on shares of Ally Financial from $45.00 to $37.00 and set a “hold” rating for the company in a report on Monday, September 23rd. Finally, JPMorgan Chase & Co. raised shares of Ally Financial from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $46.00 to $40.00 in a report on Monday, October 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $40.80.

Ally Financial Company 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.