Schubert & Co Invests $350,000 in Ally Financial Inc. (NYSE:ALLY)

Schubert & Co acquired a new stake in Ally Financial Inc. (NYSE:ALLY) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,828 shares of the financial services provider’s stock, valued at approximately $350,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in Ally Financial by 510.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 526 shares during the period. Transcendent Capital Group LLC purchased a new position in shares of Ally Financial in the 1st quarter valued at about $28,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Ally Financial in the 2nd quarter valued at about $41,000. Hobbs Group Advisors LLC purchased a new stake in Ally Financial during the second quarter worth about $52,000. Finally, First Community Trust NA acquired a new position in Ally Financial during the second quarter worth about $53,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Trading Down 2.3 %

Ally Financial stock traded down $0.83 during trading on Friday, hitting $35.01. The company’s stock had a trading volume of 9,150,005 shares, compared to its average volume of 3,528,759. The stock’s fifty day moving average is $37.62 and its 200 day moving average is $39.12. Ally Financial Inc. has a 1-year low of $22.54 and a 1-year high of $45.46. The stock has a market capitalization of $10.64 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 0.42 and a beta of 1.39. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.91 and a current ratio of 0.92.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.38. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the company posted $0.83 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts predict that Ally Financial Inc. will post 2.87 EPS for the current year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.30 dividend. The ex-dividend date is Friday, November 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.43%. Ally Financial’s dividend payout ratio (DPR) is presently 48.98%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ALLY shares. TD Cowen reduced their price target on shares of Ally Financial from $45.00 to $37.00 and set a “hold” rating for the company in a research report on Monday, September 23rd. Citigroup began coverage on Ally Financial in a research report on Monday, June 24th. They set a “buy” rating and a $50.00 target price on the stock. Keefe, Bruyette & Woods dropped their price target on Ally Financial from $50.00 to $44.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. StockNews.com upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Royal Bank of Canada dropped their target price on shares of Ally Financial from $49.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $40.63.

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.