Cetera Investment Advisers Has $1.92 Million Stake in Ally Financial Inc. (NYSE:ALLY)

Cetera Investment Advisers grew its holdings in Ally Financial Inc. (NYSE:ALLY) by 192.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,364 shares of the financial services provider’s stock after buying an additional 35,130 shares during the period. Cetera Investment Advisers’ holdings in Ally Financial were worth $1,922,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ALLY. Park Avenue Securities LLC acquired a new stake in shares of Ally Financial in the fourth quarter valued at approximately $230,000. Wealthcare Advisory Partners LLC acquired a new stake in Ally Financial during the 4th quarter worth approximately $461,000. HB Wealth Management LLC acquired a new stake in Ally Financial during the 4th quarter worth approximately $227,000. UMB Bank n.a. lifted its holdings in Ally Financial by 218.8% during the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 1,061 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Ally Financial by 55.8% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,720 shares of the financial services provider’s stock worth $170,000 after purchasing an additional 1,690 shares during the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. BTIG Research cut Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 price target for the company. in a report on Tuesday, March 25th. JPMorgan Chase & Co. dropped their price target on Ally Financial from $43.00 to $36.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group lifted their price target on Ally Financial from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, April 1st. Truist Financial cut their target price on Ally Financial from $45.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $40.00 target price on shares of Ally Financial in a research report on Monday, April 21st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Ally Financial presently has an average rating of “Hold” and an average target price of $41.69.

Ally Financial Price Performance

Ally Financial stock opened at $36.06 on Tuesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. Ally Financial Inc. has a 52 week low of $29.52 and a 52 week high of $45.46. The stock has a market capitalization of $11.08 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14. The stock has a fifty day moving average of $33.95 and a 200-day moving average of $35.99.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.15. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the previous year, the firm earned $0.45 EPS. On average, sell-side analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.33%. Ally Financial’s payout ratio is presently 88.24%.

Insiders Place Their Bets

In other news, CFO Russell E. Hutchinson bought 8,200 shares of the stock in a transaction on Tuesday, April 22nd. The stock was acquired at an average price of $30.81 per share, with a total value of $252,642.00. Following the acquisition, the chief financial officer now directly owns 236,421 shares in the company, valued at approximately $7,284,131.01. This trade represents a 3.59% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephanie N. Richard sold 8,000 shares of the stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total value of $257,120.00. Following the completion of the sale, the insider now directly owns 90,387 shares of the company’s stock, valued at approximately $2,905,038.18. The trade was a 8.13% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

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.