Davis Investment Partners LLC Decreases Position in Ally Financial Inc. (NYSE:ALLY)

Davis Investment Partners LLC reduced its stake in Ally Financial Inc. (NYSE:ALLY) by 8.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,485 shares of the financial services provider’s stock after selling 600 shares during the period. Davis Investment Partners LLC’s holdings in Ally Financial were worth $222,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ALLY. Venturi Wealth Management LLC boosted its stake in shares of Ally Financial by 153.9% in the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock valued at $34,000 after buying an additional 577 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Ally Financial during the second quarter worth about $41,000. 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 buying an additional 421 shares during the period. Quarry LP lifted its holdings in shares of Ally Financial by 311.4% during the 2nd quarter. Quarry LP now owns 1,510 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 1,143 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in Ally Financial during the 3rd quarter worth approximately $63,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ALLY shares. Wolfe Research downgraded Ally Financial from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 5th. Citigroup lifted their price objective on shares of Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, November 15th. BTIG Research cut shares of Ally Financial from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. Keefe, Bruyette & Woods lifted their price target on shares of Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, Truist Financial began coverage on shares of Ally Financial in a research note on Tuesday, January 7th. They set a “buy” rating and a $42.00 target price for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $42.67.

Ally Financial Price Performance

NYSE ALLY traded up $0.82 during trading on Monday, hitting $35.01. 2,186,785 shares of the company’s stock were exchanged, compared to its average volume of 2,779,265. The stock’s 50 day moving average price is $36.87 and its two-hundred day moving average price is $38.08. Ally Financial Inc. has a fifty-two week low of $31.77 and a fifty-two week high of $45.46. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. The company has a market cap of $10.67 billion, a PE ratio of 14.00, a P/E/G ratio of 0.46 and a beta of 1.44.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.38. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the business posted $0.83 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. Research analysts expect that Ally Financial Inc. will post 3 EPS for the current year.

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.