Blue Trust Inc. Has $166,000 Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

Blue Trust Inc. raised its stake in Ally Financial Inc. (NYSE:ALLY) by 8.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,660 shares of the financial services provider’s stock after buying an additional 352 shares during the quarter. Blue Trust Inc.’s holdings in Ally Financial were worth $166,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Bfsg LLC increased its stake in Ally Financial by 11.1% in the 3rd quarter. Bfsg LLC now owns 5,810 shares of the financial services provider’s stock valued at $207,000 after buying an additional 580 shares during the period. Wedge Capital Management L L P NC increased its stake in shares of Ally Financial by 584.7% during the 3rd quarter. Wedge Capital Management L L P NC now owns 1,395,308 shares of the financial services provider’s stock worth $49,659,000 after purchasing an additional 1,191,529 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Ally Financial by 28.9% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 19,600 shares of the financial services provider’s stock worth $697,000 after purchasing an additional 4,400 shares during the last quarter. USA Financial Formulas acquired a new position in shares of Ally Financial during the 3rd quarter worth $201,000. Finally, Sara Bay Financial increased its stake in shares of Ally Financial by 10.1% during the 3rd quarter. Sara Bay Financial now owns 26,625 shares of the financial services provider’s stock worth $948,000 after purchasing an additional 2,449 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Wall Street Analyst Weigh In

ALLY has been the topic of several analyst reports. Raymond James upgraded shares of Ally Financial from an “underperform” rating to a “market perform” rating in a research note on Monday, October 21st. Royal Bank of Canada restated an “outperform” rating and set a $40.00 price target on shares of Ally Financial in a research note on Monday, October 21st. Bank of America dropped their price target on shares of Ally Financial from $46.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Barclays dropped their price target on shares of Ally Financial from $44.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 12th. Finally, JPMorgan Chase & Co. upgraded shares of Ally Financial from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $46.00 to $40.00 in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $40.38.

Ally Financial Price Performance

Shares of Ally Financial stock opened at $34.42 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.92 and a quick ratio of 0.91. Ally Financial Inc. has a fifty-two week low of $23.26 and a fifty-two week high of $45.46. The firm has a fifty day moving average price of $36.96 and a two-hundred day moving average price of $38.98. The company has a market cap of $10.46 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 0.42 and a beta of 1.39.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.38. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the firm earned $0.83 EPS. The business’s revenue was up 6.9% on a year-over-year basis. Analysts expect that Ally Financial Inc. will post 2.87 EPS for the current year.

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Friday, November 1st. Ally Financial’s payout ratio is 48.98%.

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.