Everence Capital Management Inc. Purchases Shares of 8,260 Ally Financial Inc. (NYSE:ALLY)

Everence Capital Management Inc. acquired a new position in shares of Ally Financial Inc. (NYSE:ALLY) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 8,260 shares of the financial services provider’s stock, valued at approximately $297,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Ally Financial by 510.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 526 shares during the period. Venturi Wealth Management LLC lifted its position in Ally Financial by 153.9% in the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 577 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Ally Financial during the 2nd quarter valued at $41,000. Allworth Financial LP increased its position in shares of Ally Financial by 41.9% during the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 421 shares during the period. Finally, Quarry LP raised its stake in shares of Ally Financial by 311.4% in the 2nd quarter. Quarry LP now owns 1,510 shares of the financial services provider’s stock worth $60,000 after buying an additional 1,143 shares in the last quarter. 88.76% of the stock is owned by institutional investors.

Ally Financial Trading Down 1.2 %

Shares of NYSE:ALLY opened at $35.79 on Wednesday. The firm has a fifty day moving average of $36.88 and a two-hundred day moving average of $38.18. 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 12-month low of $31.77 and a 12-month high of $45.46. The firm has a market capitalization of $10.91 billion, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 0.46 and a beta of 1.44.

Ally Financial (NYSE:ALLY) last issued its earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.38. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates 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 was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.83 EPS. On average, equities analysts expect that Ally Financial Inc. will post 3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Morgan Stanley lifted their target price on Ally Financial from $41.00 to $42.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Wells Fargo & Company dropped their target price on shares of Ally Financial from $37.00 to $32.00 and set an “underweight” rating on the stock in a report on Thursday, September 26th. Barclays raised their target price on shares of Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday. TD Cowen dropped their price target on Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a report on Monday, September 23rd. Finally, Raymond James raised Ally Financial from an “underperform” rating to a “market perform” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $42.67.

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.