Wealthcare Advisory Partners LLC Invests $461,000 in Ally Financial Inc. (NYSE:ALLY)

Wealthcare Advisory Partners LLC purchased a new stake in Ally Financial Inc. (NYSE:ALLY) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 12,789 shares of the financial services provider’s stock, valued at approximately $461,000.

Several other hedge funds have also modified their holdings of ALLY. CIBC Asset Management Inc raised its stake in shares of Ally Financial by 1.9% in the 3rd quarter. CIBC Asset Management Inc now owns 15,638 shares of the financial services provider’s stock valued at $557,000 after purchasing an additional 293 shares in the last quarter. Maverick Capital Ltd. boosted its position in Ally Financial by 1.2% during the 3rd quarter. Maverick Capital Ltd. now owns 26,120 shares of the financial services provider’s stock valued at $930,000 after purchasing an additional 299 shares during the period. Blue Trust Inc. grew its stake in Ally Financial by 8.2% during the 3rd quarter. Blue Trust Inc. now owns 4,660 shares of the financial services provider’s stock worth $166,000 after buying an additional 352 shares during the last quarter. Allworth Financial LP increased its position in Ally Financial by 41.9% in the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock worth $51,000 after buying an additional 421 shares during the period. Finally, Venturi Wealth Management LLC lifted its stake 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 valued at $34,000 after buying an additional 577 shares during the last quarter. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ALLY has been the subject of several recent analyst reports. Citigroup upped their target price on shares of Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Royal Bank of Canada restated an “outperform” rating and issued a $40.00 target price on shares of Ally Financial in a research report on Monday, October 21st. JPMorgan Chase & Co. cut their price objective on shares of Ally Financial from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Morgan Stanley raised their target price on shares of Ally Financial from $41.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Finally, Barclays increased their price objective on shares of Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Ally Financial presently has an average rating of “Hold” and a consensus price target of $42.53.

Ally Financial Price Performance

NYSE ALLY opened at $36.96 on Tuesday. The firm’s 50 day moving average is $36.85 and its 200-day moving average is $37.96. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $11.26 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 0.33 and a beta of 1.44. Ally Financial Inc. has a 12-month low of $31.77 and a 12-month high of $45.46.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data 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 the consensus estimate of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The firm’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 posted $0.83 EPS. Equities research analysts anticipate that Ally Financial Inc. will post 2.95 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.25%. Ally Financial’s dividend payout ratio is presently 48.00%.

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.