Kestra Private Wealth Services LLC Acquires 4,388 Shares of Ally Financial Inc. (NYSE:ALLY)

Kestra Private Wealth Services LLC increased its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,808 shares of the financial services provider’s stock after purchasing an additional 4,388 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Ally Financial were worth $3,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ALLY. AE Wealth Management LLC bought a new position in shares of Ally Financial during the third quarter valued at $368,000. SG Americas Securities LLC lifted its holdings in Ally Financial by 53.1% in the third quarter. SG Americas Securities LLC now owns 43,178 shares of the financial services provider’s stock valued at $1,152,000 after acquiring an additional 14,972 shares during the period. State of Alaska Department of Revenue bought a new position in Ally Financial in the third quarter valued at about $860,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Ally Financial by 15.7% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 111,583 shares of the financial services provider’s stock valued at $2,977,000 after acquiring an additional 15,100 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Ally Financial by 4.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,617,545 shares of the financial services provider’s stock valued at $43,156,000 after acquiring an additional 65,176 shares during the period. 88.76% of the stock is owned by institutional investors.

Ally Financial Stock Performance

NYSE ALLY opened at $38.34 on Wednesday. The stock has a market capitalization of $11.65 billion, a PE ratio of 15.65, a P/E/G ratio of 0.57 and a beta of 1.40. The business has a 50 day simple moving average of $38.13 and a two-hundred day simple moving average of $33.72. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.92. Ally Financial Inc. has a 1-year low of $22.54 and a 1-year high of $41.56.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.12. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. Ally Financial had a return on equity of 8.35% and a net margin of 10.59%. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period last year, the company earned $0.82 EPS. On average, research analysts predict that Ally Financial Inc. will post 2.99 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Tuesday, April 30th. Ally Financial’s payout ratio is 48.98%.

Analyst Ratings Changes

A number of research analysts have weighed in on ALLY shares. Raymond James downgraded Ally Financial from a “market perform” rating to an “underperform” rating in a report on Friday, January 5th. Morgan Stanley upgraded Ally Financial from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $37.00 to $47.00 in a research report on Thursday, February 8th. Bank of America upgraded Ally Financial from a “neutral” rating to a “buy” rating and upped their price target for the stock from $42.00 to $46.00 in a research report on Tuesday, April 9th. Evercore ISI upped their price target on Ally Financial from $41.00 to $43.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Ally Financial in a research report on Thursday, February 1st. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Ally Financial has a consensus rating of “Hold” and a consensus price target of $38.47.

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.