Ally Financial Inc. $ALLY Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc reduced its position in shares of Ally Financial Inc. (NYSE:ALLY) by 28.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 70,423 shares of the financial services provider’s stock after selling 27,350 shares during the period. Ensign Peak Advisors Inc’s holdings in Ally Financial were worth $2,743,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Private Advisor Group LLC acquired a new stake in Ally Financial in the first quarter valued at $498,000. Avantax Advisory Services Inc. increased its holdings in shares of Ally Financial by 12.2% in the 1st quarter. Avantax Advisory Services Inc. now owns 6,516 shares of the financial services provider’s stock valued at $238,000 after acquiring an additional 708 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Ally Financial by 11.7% during the 1st quarter. Cetera Investment Advisers now owns 59,592 shares of the financial services provider’s stock worth $2,173,000 after acquiring an additional 6,228 shares in the last quarter. HB Wealth Management LLC lifted its stake in Ally Financial by 10.4% during the first quarter. HB Wealth Management LLC now owns 6,968 shares of the financial services provider’s stock worth $254,000 after purchasing an additional 657 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in Ally Financial by 33.5% in the first quarter. LPL Financial LLC now owns 140,047 shares of the financial services provider’s stock valued at $5,108,000 after purchasing an additional 35,144 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on ALLY shares. Cowen raised shares of Ally Financial from a “hold” rating to a “buy” rating in a report on Monday, October 20th. Wells Fargo & Company raised shares of Ally Financial from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $37.00 to $45.00 in a research report on Tuesday, September 2nd. Keefe, Bruyette & Woods reduced their price target on shares of Ally Financial from $56.00 to $51.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. Evercore ISI decreased their price objective on shares of Ally Financial from $45.00 to $44.00 and set an “in-line” rating for the company in a research note on Tuesday, September 30th. Finally, Citigroup raised their price objective on Ally Financial from $59.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Twelve research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $45.67.

Ally Financial Price Performance

Shares of ALLY opened at $41.19 on Thursday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.92 and a current ratio of 0.92. Ally Financial Inc. has a fifty-two week low of $29.52 and a fifty-two week high of $44.83. The firm has a 50-day simple moving average of $39.91 and a 200-day simple moving average of $38.94. The company has a market capitalization of $12.69 billion, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 0.28 and a beta of 1.21.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Monday, July 28th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter. Ally Financial had a return on equity of 9.96% and a net margin of 8.10%.The firm had revenue of $2.06 billion for the quarter. On average, equities research analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 31st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, October 31st. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. Ally Financial’s dividend payout ratio (DPR) is currently 72.29%.

Insiders Place Their Bets

In related news, insider Kathleen L. Patterson sold 29,000 shares of Ally Financial stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $40.86, for a total value of $1,184,940.00. Following the transaction, the insider directly owned 100,203 shares in the company, valued at $4,094,294.58. This trade represents a 22.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.67% of the stock is currently owned by company insiders.

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.