Cetera Investment Advisers Sells 34,610 Shares of Ally Financial Inc. $ALLY

Cetera Investment Advisers lessened its position in Ally Financial Inc. (NYSE:ALLY) by 58.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,982 shares of the financial services provider’s stock after selling 34,610 shares during the period. Cetera Investment Advisers’ holdings in Ally Financial were worth $973,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. WPG Advisers LLC acquired a new stake in Ally Financial during the 1st quarter worth approximately $25,000. SVB Wealth LLC bought a new position in shares of Ally Financial during the first quarter valued at $27,000. Allworth Financial LP raised its stake in shares of Ally Financial by 385.2% during the second quarter. Allworth Financial LP now owns 752 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 597 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Ally Financial by 662.0% during the second quarter. Hantz Financial Services Inc. now owns 823 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 715 shares during the period. Finally, Westside Investment Management Inc. grew its stake in shares of Ally Financial by 116.8% in the second quarter. Westside Investment Management Inc. now owns 837 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 451 shares during the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ally Financial

In other news, insider Kathleen L. Patterson sold 29,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $40.86, for a total transaction of $1,184,940.00. Following the completion of the sale, the insider owned 100,203 shares in the company, valued at $4,094,294.58. The trade was a 22.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.67% of the company’s stock.

Ally Financial Stock Performance

NYSE:ALLY opened at $42.40 on Friday. The firm has a market capitalization of $13.06 billion, a P/E ratio of 25.54, a P/E/G ratio of 0.29 and a beta of 1.22. Ally Financial Inc. has a twelve month low of $29.52 and a twelve month high of $44.83. The company has a fifty day moving average of $39.74 and a 200-day moving average of $39.14. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.31.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Monday, July 28th. The financial services provider reported $0.99 EPS for the quarter. Ally Financial had a net margin of 8.10% and a return on equity of 9.96%. The business had revenue of $2.06 billion during the quarter. As a group, sell-side analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 31st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, October 31st. Ally Financial’s dividend payout ratio is 72.29%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ALLY shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ally Financial in a research report on Monday. Keefe, Bruyette & Woods lowered their price objective on Ally Financial from $56.00 to $51.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. Wall Street Zen lowered Ally Financial from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Morgan Stanley increased their target price on shares of Ally Financial from $47.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. Finally, Evercore ISI dropped their price target on shares of Ally Financial from $45.00 to $44.00 and set an “in-line” rating on the stock in a research report on Tuesday, September 30th. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.67.

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.