Intech Investment Management LLC Has $728,000 Stock Position in Ally Financial Inc. (NYSE:ALLY)

Intech Investment Management LLC lowered its stake in Ally Financial Inc. (NYSE:ALLY – Get Rating) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,781 shares of the financial services provider’s stock after selling 600 shares during the quarter. Intech Investment Management LLC’s holdings in Ally Financial were worth $728,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Ally Financial in the 4th quarter valued at $28,000. Salem Investment Counselors Inc. raised its stake in Ally Financial by 115.0% during the 1st quarter. Salem Investment Counselors Inc. now owns 645 shares of the financial services provider’s stock worth $28,000 after buying an additional 345 shares during the period. Global Retirement Partners LLC raised its stake in Ally Financial by 145.4% during the 3rd quarter. Global Retirement Partners LLC now owns 1,367 shares of the financial services provider’s stock worth $38,000 after buying an additional 810 shares during the period. Pinion Investment Advisors LLC acquired a new stake in Ally Financial during the 4th quarter worth $50,000. Finally, EverSource Wealth Advisors LLC raised its stake in Ally Financial by 1,027.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,615 shares of the financial services provider’s stock worth $64,000 after buying an additional 2,383 shares during the period. Institutional investors and hedge funds own 90.35% of the company’s stock.

Ally Financial Trading Down 3.1 %

Ally Financial stock opened at $26.43 on Monday. Ally Financial Inc. has a 52 week low of $21.58 and a 52 week high of $44.33. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a market capitalization of $7.95 billion, a P/E ratio of 6.49 and a beta of 1.34. The stock has a 50-day simple moving average of $25.38 and a 200 day simple moving average of $27.05.

Ally Financial (NYSE:ALLY – Get Rating) last posted its quarterly earnings results on Wednesday, April 19th. The financial services provider reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.06). Ally Financial had a return on equity of 14.79% and a net margin of 16.42%. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the previous year, the business posted $2.03 EPS. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. Analysts expect that Ally Financial Inc. will post 3.51 earnings per share for the current year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date was Friday, April 28th. Ally Financial’s payout ratio is currently 29.48%.

Analysts Set New Price Targets

Several analysts recently commented on ALLY shares. StockNews.com started coverage on Ally Financial in a research note on Thursday. They set a “hold” rating on the stock. Citigroup dropped their price target on Ally Financial from $45.00 to $40.00 in a research note on Tuesday, April 18th. Piper Sandler lifted their price target on Ally Financial from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, April 20th. Bank of America raised Ally Financial from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $24.00 to $28.00 in a research note on Monday, April 24th. Finally, TheStreet raised Ally Financial from a “c” rating to a “b-” rating in a research note on Thursday, February 2nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $34.87.

About Ally Financial

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Ally Financial, Inc engages in the provision of online banking, securities brokerage, and investment advisory services. It operates through the following segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, Corporate Finance Operations, and Corporate and Other. The Automotive Finance Operations segment offers retail installment sales contracts, loans, and operating leases, offering term loans to dealers, financing dealer floor plans and other lines of credit to dealers, warehouse lines to automotive retailers, fleet financing, providing financing to companies and municipalities for the purchase or lease of vehicles, and vehicle-remarketing services.