Ashton Thomas Private Wealth LLC Takes $41,000 Position in Ally Financial Inc. (NYSE:ALLY)

Ashton Thomas Private Wealth LLC acquired a new stake in shares of Ally Financial Inc. (NYSE:ALLY) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,031 shares of the financial services provider’s stock, valued at approximately $41,000.

A number of other hedge funds also recently made changes to their positions in ALLY. Price T Rowe Associates Inc. MD grew its position in shares of Ally Financial by 245.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 608,179 shares of the financial services provider’s stock worth $24,687,000 after buying an additional 432,350 shares in the last quarter. Allianz Asset Management GmbH grew its position in shares of Ally Financial by 18.7% during the fourth quarter. Allianz Asset Management GmbH now owns 1,662,075 shares of the financial services provider’s stock worth $58,040,000 after buying an additional 261,897 shares in the last quarter. OLD National Bancorp IN grew its position in shares of Ally Financial by 3.8% during the second quarter. OLD National Bancorp IN now owns 880,601 shares of the financial services provider’s stock worth $34,933,000 after buying an additional 32,478 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of Ally Financial by 15.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 369,491 shares of the financial services provider’s stock worth $14,988,000 after buying an additional 49,539 shares in the last quarter. Finally, Banque Cantonale Vaudoise grew its position in shares of Ally Financial by 309.5% during the first quarter. Banque Cantonale Vaudoise now owns 99,315 shares of the financial services provider’s stock worth $4,031,000 after buying an additional 75,063 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Price Performance

Shares of NYSE ALLY opened at $33.05 on Tuesday. Ally Financial Inc. has a fifty-two week low of $22.54 and a fifty-two week high of $45.46. The firm’s 50-day simple moving average is $41.15 and its 200 day simple moving average is $39.72. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.39. The stock has a market cap of $10.05 billion, a P/E ratio of 13.49, a P/E/G ratio of 0.32 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.33. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the business earned $0.96 earnings per share. The company’s revenue was down 3.8% on a year-over-year basis. Equities analysts expect that Ally Financial Inc. will post 3.51 EPS 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 given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.63%. The ex-dividend date was Thursday, August 1st. Ally Financial’s dividend payout ratio (DPR) is presently 48.98%.

Analysts Set New Price Targets

A number of equities analysts have commented on ALLY shares. 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. Royal Bank of Canada decreased their price objective on shares of Ally Financial from $49.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, September 12th. Bank of America decreased their price objective 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. Wells Fargo & Company lifted their price objective on shares of Ally Financial from $33.00 to $37.00 and gave the stock an “underweight” rating in a report on Thursday, July 18th. Finally, Morgan Stanley decreased their price objective on shares of Ally Financial from $49.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Ally Financial has an average rating of “Hold” and a consensus target price of $41.41.

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.