Ally Financial Inc. (NYSE:ALLY) Stock Holdings Lifted by Xponance Inc.

Xponance Inc. lifted its holdings in Ally Financial Inc. (NYSE:ALLY) by 1.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 33,366 shares of the financial services provider’s stock after purchasing an additional 472 shares during the period. Xponance Inc.’s holdings in Ally Financial were worth $1,165,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of ALLY. AE Wealth Management LLC bought a new position in shares of Ally Financial in the 3rd quarter worth about $368,000. DnB Asset Management AS lifted its position in Ally Financial by 6.6% in the 3rd quarter. DnB Asset Management AS now owns 49,548 shares of the financial services provider’s stock valued at $1,322,000 after purchasing an additional 3,082 shares during the last quarter. SG Americas Securities LLC lifted its position in Ally Financial by 53.1% in the 3rd quarter. SG Americas Securities LLC now owns 43,178 shares of the financial services provider’s stock valued at $1,152,000 after purchasing an additional 14,972 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Ally Financial in the 3rd quarter valued at about $860,000. Finally, Denali Advisors LLC lifted its position in Ally Financial by 68.6% in the 3rd quarter. Denali Advisors LLC now owns 1,897 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 772 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on ALLY. Royal Bank of Canada reiterated an “outperform” rating and issued a $40.00 price objective on shares of Ally Financial in a research report on Monday, January 22nd. BMO Capital Markets lifted their price objective on shares of Ally Financial from $36.00 to $37.00 and gave the company a “market perform” rating in a research report on Friday, April 19th. Bank of America upgraded shares of Ally Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $42.00 to $46.00 in a research report on Tuesday, April 9th. The Goldman Sachs Group reiterated a “buy” rating on shares of Ally Financial in a research report on Thursday, February 1st. Finally, Evercore ISI boosted their price target on shares of Ally Financial from $41.00 to $43.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Ally Financial currently has a consensus rating of “Hold” and a consensus target price of $38.47.

Ally Financial Stock Performance

Shares of ALLY opened at $39.76 on Thursday. The firm’s 50 day moving average is $37.92 and its 200-day moving average is $33.28. The stock has a market capitalization of $12.09 billion, a P/E ratio of 16.23, a P/E/G ratio of 0.58 and a beta of 1.40. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.92. Ally Financial Inc. has a 12-month low of $22.54 and a 12-month high of $41.56.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.12. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. The business’s revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS. Equities research analysts anticipate that Ally Financial Inc. will post 2.95 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Tuesday, April 30th. Ally Financial’s dividend payout ratio (DPR) is currently 48.98%.

About Ally Financial

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.