First Horizon Advisors Inc. Has $272,000 Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

First Horizon Advisors Inc. reduced its holdings in Ally Financial Inc. (NYSE:ALLY) by 5.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,655 shares of the financial services provider’s stock after selling 465 shares during the quarter. First Horizon Advisors Inc.’s holdings in Ally Financial were worth $272,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Boston Partners acquired a new stake in Ally Financial in the first quarter valued at $152,079,000. Wedge Capital Management L L P NC grew its position in shares of Ally Financial by 584.7% in the 3rd quarter. Wedge Capital Management L L P NC now owns 1,395,308 shares of the financial services provider’s stock valued at $49,659,000 after buying an additional 1,191,529 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Ally Financial by 11.3% in the second quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider’s stock valued at $384,715,000 after buying an additional 987,489 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Ally Financial by 2,088.2% in the third quarter. Assenagon Asset Management S.A. now owns 728,864 shares of the financial services provider’s stock worth $25,940,000 after acquiring an additional 695,555 shares during the period. Finally, Los Angeles Capital Management LLC boosted its holdings in Ally Financial by 182.2% in the second quarter. Los Angeles Capital Management LLC now owns 726,718 shares of the financial services provider’s stock valued at $28,829,000 after acquiring an additional 469,199 shares during the last quarter. Institutional investors own 88.76% of the company’s stock.

Ally Financial Price Performance

Shares of NYSE ALLY opened at $37.85 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.92 and a current ratio of 0.92. The firm’s 50-day simple moving average is $35.35 and its 200 day simple moving average is $38.66. The stock has a market cap of $11.53 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 0.42 and a beta of 1.40. Ally Financial Inc. has a fifty-two week low of $26.50 and a fifty-two week high of $45.46.

Ally Financial (NYSE:ALLY) last announced its earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.38. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. Ally Financial’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 earnings per share. As a group, research analysts anticipate that Ally Financial Inc. will post 3 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.17%. Ally Financial’s payout ratio is 48.00%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ALLY shares. Barclays lowered their price target on shares of Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a report on Thursday, September 12th. Evercore ISI cut their price target on shares of Ally Financial from $47.00 to $38.00 and set an “in-line” rating on the stock in a research report on Monday, October 7th. Raymond James upgraded Ally Financial from an “underperform” rating to a “market perform” rating in a report on Monday, October 21st. Citigroup upped their target price on Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Wells Fargo & Company decreased their target price on Ally Financial from $37.00 to $32.00 and set an “underweight” rating for the company in a research note on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Ally Financial has an average rating of “Hold” and a consensus price target of $40.69.

Ally Financial 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.