Geneos Wealth Management Inc. Purchases 1,413 Shares of Ally Financial Inc. $ALLY

Geneos Wealth Management Inc. raised its holdings in Ally Financial Inc. (NYSE:ALLY) by 148.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,368 shares of the financial services provider’s stock after buying an additional 1,413 shares during the period. Geneos Wealth Management Inc.’s holdings in Ally Financial were worth $86,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Captrust Financial Advisors raised its stake in Ally Financial by 49.7% in the 4th quarter. Captrust Financial Advisors now owns 8,910 shares of the financial services provider’s stock valued at $321,000 after acquiring an additional 2,958 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Ally Financial by 49.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,002 shares of the financial services provider’s stock valued at $1,909,000 after purchasing an additional 17,450 shares during the period. Quantinno Capital Management LP raised its position in shares of Ally Financial by 93.8% in the fourth quarter. Quantinno Capital Management LP now owns 62,193 shares of the financial services provider’s stock valued at $2,240,000 after purchasing an additional 30,098 shares during the period. ProShare Advisors LLC raised its position in shares of Ally Financial by 7.4% in the fourth quarter. ProShare Advisors LLC now owns 12,833 shares of the financial services provider’s stock valued at $462,000 after purchasing an additional 882 shares during the period. Finally, Toronto Dominion Bank raised its position in shares of Ally Financial by 3.8% in the fourth quarter. Toronto Dominion Bank now owns 35,804 shares of the financial services provider’s stock valued at $1,289,000 after purchasing an additional 1,309 shares during the period. Institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Up 1.5%

Shares of NYSE ALLY opened at $43.96 on Thursday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.92 and a current ratio of 0.92. Ally Financial Inc. has a 52 week low of $29.52 and a 52 week high of $44.71. The stock has a market capitalization of $13.53 billion, a P/E ratio of 28.55, a PEG ratio of 0.34 and a beta of 1.14. The stock’s fifty day moving average is $39.72 and its 200 day moving average is $36.75.

Ally Financial (NYSE:ALLY) last released its 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 for the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the firm earned $0.97 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Sell-side analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, August 1st. Ally Financial’s dividend payout ratio (DPR) is 77.92%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Morgan Stanley reissued an “overweight” rating and issued a $47.00 price target (up from $39.00) on shares of Ally Financial in a report on Thursday, July 10th. JPMorgan Chase & Co. increased their target price on Ally Financial from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Citigroup increased their price objective on Ally Financial from $59.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday. BTIG Research upgraded Ally Financial from a “sell” rating to a “neutral” rating in a research report on Monday, July 14th. Finally, Wall Street Zen upgraded Ally Financial from a “sell” rating to a “hold” rating in a research report on Friday, May 23rd. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.40.

Ally Financial Company Profile

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.