6,399 Shares in Ally Financial Inc. (NYSE:ALLY) Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new position in shares of Ally Financial Inc. (NYSE:ALLYFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,399 shares of the financial services provider’s stock, valued at approximately $230,000.

Several other institutional investors and hedge funds also recently modified their holdings of ALLY. Venturi Wealth Management LLC raised its stake in Ally Financial by 153.9% in the 3rd 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 in the last quarter. Allworth Financial LP raised its stake 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 valued at $51,000 after purchasing an additional 421 shares in the last quarter. Quarry LP lifted its position in Ally Financial by 311.4% during the second quarter. Quarry LP now owns 1,510 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 1,143 shares during the period. Brooklyn Investment Group bought a new position in Ally Financial in the 3rd quarter valued at about $63,000. Finally, Rakuten Securities Inc. raised its position in shares of Ally Financial by 65,375.0% in the 3rd quarter. Rakuten Securities Inc. now owns 2,619 shares of the financial services provider’s stock valued at $93,000 after buying an additional 2,615 shares in the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ALLY has been the topic of a number of recent analyst reports. StockNews.com cut shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Thursday. Royal Bank of Canada boosted their price target on Ally Financial from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday. Wolfe Research lowered Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. Citigroup increased their target price on shares of Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Ally Financial presently has an average rating of “Hold” and a consensus target price of $43.47.

Get Our Latest Stock Analysis on Ally Financial

Ally Financial Stock Down 2.7 %

Ally Financial stock opened at $39.03 on Monday. The firm has a 50 day moving average price of $37.06 and a two-hundred day moving average price of $37.92. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.92 and a current ratio of 0.93. Ally Financial Inc. has a 52-week low of $31.95 and a 52-week high of $45.46. The firm has a market cap of $11.89 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 0.42 and a beta of 1.44.

Ally Financial (NYSE:ALLYGet Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2,021,808.41 billion. During the same quarter in the prior year, the firm posted $0.45 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities analysts predict that Ally Financial Inc. will post 3.91 EPS for the current year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.07%. Ally Financial’s payout ratio is currently 46.15%.

About Ally Financial

(Free Report)

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.

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Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

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