1834 Investment Advisors Co. Purchases 122,059 Shares of Ally Financial Inc. (NYSE:ALLY)

1834 Investment Advisors Co. grew its position in shares of Ally Financial Inc. (NYSE:ALLY) by 127.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 217,646 shares of the financial services provider’s stock after purchasing an additional 122,059 shares during the quarter. 1834 Investment Advisors Co. owned approximately 0.07% of Ally Financial worth $7,746,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ALLY. Fifth Third Bancorp boosted its holdings in Ally Financial by 1.2% in the second quarter. Fifth Third Bancorp now owns 23,275 shares of the financial services provider’s stock valued at $923,000 after acquiring an additional 278 shares during the last quarter. Blue Trust Inc. boosted its position in Ally Financial by 8.2% during the third quarter. Blue Trust Inc. now owns 4,660 shares of the financial services provider’s stock valued at $166,000 after acquiring an additional 352 shares during the last quarter. Allworth Financial LP raised its position in shares of Ally Financial by 41.9% in the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 421 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Ally Financial by 39.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,630 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 463 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in Ally Financial by 0.6% during the second quarter. Arizona State Retirement System now owns 75,147 shares of the financial services provider’s stock worth $2,981,000 after purchasing an additional 480 shares during the period. 88.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on ALLY. Morgan Stanley reduced their price objective on shares of Ally Financial from $45.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Barclays dropped their price target on Ally Financial from $44.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 12th. JPMorgan Chase & Co. raised Ally Financial from a “neutral” rating to an “overweight” rating and lowered their target price for the stock from $46.00 to $40.00 in a research report on Monday, October 7th. StockNews.com raised shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. Finally, Bank of America decreased their target price on shares of Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $40.38.

Ally Financial Trading Up 2.9 %

Shares of ALLY opened at $35.23 on Wednesday. The firm has a market cap of $10.71 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 0.41 and a beta of 1.40. Ally Financial Inc. has a fifty-two week low of $25.16 and a fifty-two week high of $45.46. 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 business has a 50-day moving average of $35.91 and a 200 day moving average of $38.87.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.38. The business 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%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 EPS. As a group, research analysts forecast that Ally Financial Inc. will post 3 EPS for the current year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.20 annualized dividend and a yield of 3.41%. Ally Financial’s dividend payout ratio is currently 48.00%.

About Ally Financial

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.