Captrust Financial Advisors Decreases Position in Ally Financial Inc. (NYSE:ALLY)

Captrust Financial Advisors lessened its holdings in Ally Financial Inc. (NYSE:ALLY) by 12.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,952 shares of the financial services provider’s stock after selling 828 shares during the quarter. Captrust Financial Advisors’ holdings in Ally Financial were worth $212,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position 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 acquiring an additional 526 shares during the period. Venturi Wealth Management LLC increased its position in shares of Ally Financial by 153.9% during the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock valued at $34,000 after buying an additional 577 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Ally Financial during the second quarter valued at about $41,000. Allworth Financial LP increased its position in shares of Ally Financial by 41.9% during the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after buying an additional 421 shares during the period. Finally, Hobbs Group Advisors LLC bought a new stake in Ally Financial during the second quarter worth about $52,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Up 0.4 %

ALLY stock opened at $37.68 on Monday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.36. Ally Financial Inc. has a 52 week low of $31.77 and a 52 week high of $45.46. The firm has a 50 day moving average of $36.65 and a 200 day moving average of $38.58. The stock has a market capitalization of $11.48 billion, a PE ratio of 15.07, a price-to-earnings-growth 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. Sell-side analysts forecast that Ally Financial Inc. will post 3 earnings per share for the current year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a $0.30 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.20 annualized dividend and a yield of 3.18%. Ally Financial’s dividend payout ratio is currently 48.00%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ALLY. Evercore ISI dropped their price objective on shares of Ally Financial from $47.00 to $38.00 and set an “in-line” rating on the stock in a research note on Monday, October 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $40.00 target price on shares of Ally Financial in a research note on Monday, October 21st. TD Cowen decreased their price objective 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. Barclays decreased their price objective on shares of Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a report on Thursday, September 12th. Finally, Bank of America reduced their target price on shares of Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.73.

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.