Blair William & Co. IL Sells 825 Shares of Ally Financial Inc. (NYSE:ALLY)

Blair William & Co. IL lessened its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 8.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,728 shares of the financial services provider’s stock after selling 825 shares during the period. Blair William & Co. IL’s holdings in Ally Financial were worth $318,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ALLY. Wells Fargo & Company MN boosted its stake in Ally Financial by 14.4% in the 4th quarter. Wells Fargo & Company MN now owns 450,896 shares of the financial services provider’s stock worth $16,237,000 after purchasing an additional 56,670 shares in the last quarter. FMR LLC boosted its stake in Ally Financial by 1.1% in the 4th quarter. FMR LLC now owns 3,259,705 shares of the financial services provider’s stock worth $117,382,000 after purchasing an additional 35,625 shares in the last quarter. Cerity Partners LLC boosted its stake in Ally Financial by 11.7% in the 4th quarter. Cerity Partners LLC now owns 18,411 shares of the financial services provider’s stock worth $661,000 after purchasing an additional 1,923 shares in the last quarter. Invesco Ltd. boosted its stake in Ally Financial by 27.0% in the 4th quarter. Invesco Ltd. now owns 2,272,243 shares of the financial services provider’s stock worth $81,823,000 after purchasing an additional 483,063 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Ally Financial by 70.0% in the 4th quarter. Renaissance Technologies LLC now owns 127,300 shares of the financial services provider’s stock worth $4,584,000 after purchasing an additional 52,400 shares in the last quarter. Institutional investors own 88.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ALLY. Truist Financial upped their price target on shares of Ally Financial from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Wells Fargo & Company dropped their price target on shares of Ally Financial from $34.00 to $32.00 and set an “underweight” rating on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. upped their price target on shares of Ally Financial from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. BTIG Research raised Ally Financial from a “sell” rating to a “neutral” rating in a research report on Monday, July 14th. Finally, Wall Street Zen raised Ally Financial from a “sell” rating to a “hold” rating in a research report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $42.80.

Ally Financial Price Performance

NYSE ALLY opened at $37.26 on Tuesday. Ally Financial Inc. has a 52 week low of $29.52 and a 52 week high of $43.86. The firm has a market capitalization of $11.47 billion, a P/E ratio of 24.19, a PEG ratio of 0.29 and a beta of 1.16. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.30. The company has a 50-day moving average price of $38.24 and a 200-day moving average price of $36.26.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Friday, July 18th. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.78 by $0.21. Ally Financial had a net margin of 7.64% and a return on equity of 9.48%. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities research analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.2%. Ally Financial’s dividend payout ratio is presently 77.92%.

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.