Signet Financial Management LLC Buys New Stake in Ally Financial Inc. (NYSE:ALLY)

Signet Financial Management LLC bought a new stake in Ally Financial Inc. (NYSE:ALLY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,943 shares of the financial services provider’s stock, valued at approximately $242,000.

Several other institutional investors have also recently added to or reduced their stakes in ALLY. NBC Securities Inc. purchased a new position in Ally Financial in the 3rd quarter valued at approximately $26,000. Salem Investment Counselors Inc. lifted its position in shares of Ally Financial by 115.0% during the 1st quarter. Salem Investment Counselors Inc. now owns 645 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 345 shares during the last quarter. PCA Investment Advisory Services Inc. purchased a new stake in shares of Ally Financial during the 2nd quarter worth $30,000. Natixis purchased a new stake in shares of Ally Financial during the 4th quarter worth $41,000. Finally, Harvest Fund Management Co. Ltd lifted its position in shares of Ally Financial by 337.8% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,563 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 1,206 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Stock Performance

Ally Financial stock opened at $36.27 on Thursday. Ally Financial Inc. has a 12-month low of $22.54 and a 12-month high of $41.56. The company has a market capitalization of $11.02 billion, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 0.54 and a beta of 1.40. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.90 and a quick ratio of 0.90. The firm’s fifty day moving average price is $37.60 and its 200 day moving average price is $32.78.

Ally Financial (NYSE:ALLY) last released its earnings results on Friday, January 19th. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.99 billion. Ally Financial had a net margin of 12.42% and a return on equity of 9.41%. During the same quarter in the previous year, the firm earned $1.08 EPS. On average, research analysts forecast that Ally Financial Inc. will post 2.94 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Tuesday, April 30th. Ally Financial’s dividend payout ratio (DPR) is presently 40.13%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ALLY. Royal Bank of Canada reissued an “outperform” rating and issued a $40.00 price target on shares of Ally Financial in a research report on Monday, January 22nd. Morgan Stanley raised shares of Ally Financial from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $37.00 to $47.00 in a research report on Thursday, February 8th. The Goldman Sachs Group restated a “buy” rating on shares of Ally Financial in a research note on Thursday, February 1st. Barclays lifted their price objective on shares of Ally Financial from $32.00 to $43.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ally Financial in a research note on Wednesday, January 10th. They issued a “buy” rating and a $47.00 price objective on the stock. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $37.59.

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.