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

Signet Financial Management LLC cut its holdings in shares of Ally Financial Inc. (NYSE:ALLYFree Report) by 8.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,367 shares of the financial services provider’s stock after selling 569 shares during the quarter. Signet Financial Management LLC’s holdings in Ally Financial were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. CIBC Asset Management Inc boosted its position in shares of Ally Financial by 1.9% during the third quarter. CIBC Asset Management Inc now owns 15,638 shares of the financial services provider’s stock worth $557,000 after buying an additional 293 shares during the period. Maverick Capital Ltd. boosted its holdings in Ally Financial by 1.2% during the 3rd quarter. Maverick Capital Ltd. now owns 26,120 shares of the financial services provider’s stock valued at $930,000 after acquiring an additional 299 shares during the period. Blue Trust Inc. grew its position in Ally Financial by 8.2% in the 3rd 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 in the last quarter. Allworth Financial LP lifted its position in shares of Ally Financial by 41.9% during the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 421 shares in the last quarter. Finally, 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 purchasing an additional 577 shares during the period. 88.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ALLY. Citigroup upped their target price on shares of Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. JPMorgan Chase & Co. upped their price objective on Ally Financial from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Truist Financial initiated coverage on Ally Financial in a report on Tuesday, January 7th. They issued a “buy” rating and a $42.00 target price for the company. StockNews.com upgraded Ally Financial from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. Finally, Wells Fargo & Company decreased their price objective on Ally Financial from $37.00 to $32.00 and set an “underweight” rating for the company in a research note on Thursday, September 26th. 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $42.67.

Check Out Our Latest Analysis on Ally Financial

Ally Financial Stock Performance

NYSE ALLY opened at $35.01 on Tuesday. The company has a fifty day moving average of $36.88 and a two-hundred day moving average of $38.05. The company has a market capitalization 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 Inc. has a 1 year low of $31.77 and a 1 year high of $45.46. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.92 and a quick ratio of 0.92.

Ally Financial (NYSE:ALLYGet Free Report) last released its quarterly earnings results 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. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the business posted $0.83 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, analysts expect that Ally Financial Inc. will post 3 earnings per share for the current year.

Ally Financial Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

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