Ally Financial Inc. (NYSE:ALLY) Shares Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC grew its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 16.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 147,933 shares of the financial services provider’s stock after purchasing an additional 20,569 shares during the period. Kestra Private Wealth Services LLC’s holdings in Ally Financial were worth $5,327,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Venturi Wealth Management LLC lifted its position in Ally Financial by 153.9% in the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 577 shares during the period. Allworth Financial LP boosted its stake in Ally Financial by 41.9% during the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after buying an additional 421 shares in the last quarter. UMB Bank n.a. grew its holdings in Ally Financial by 218.8% during the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 1,061 shares during the period. Brooklyn Investment Group acquired a new position in Ally Financial during the third quarter worth about $63,000. Finally, Rakuten Securities Inc. lifted its holdings in Ally Financial by 65,375.0% in the 3rd quarter. Rakuten Securities Inc. now owns 2,619 shares of the financial services provider’s stock valued at $93,000 after acquiring an additional 2,615 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Stock Performance

Shares of ALLY stock opened at $38.29 on Monday. Ally Financial Inc. has a fifty-two week low of $31.95 and a fifty-two week high of $45.46. The stock’s 50-day moving average is $37.22 and its two-hundred day moving average is $37.64. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market cap of $11.67 billion, a P/E ratio of 14.73, a PEG ratio of 0.43 and a beta of 1.45.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.21. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 earnings per share. Analysts predict that Ally Financial Inc. will post 3.69 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Friday, January 31st. Ally Financial’s dividend payout ratio is presently 46.15%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Barclays boosted their target price on shares of Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Citigroup upped their price target on Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, November 15th. JPMorgan Chase & Co. raised their price objective on Ally Financial from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Raymond James raised Ally Financial from an “underperform” rating to a “market perform” rating in a research report on Monday, October 21st. Finally, Wolfe Research lowered Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $43.76.

Insiders Place Their Bets

In other news, CEO Michael George Rhodes bought 25,634 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were acquired at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the purchase, the chief executive officer now owns 25,634 shares of the company’s stock, valued at $1,002,033.06. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Russell E. Hutchinson bought 19,100 shares of the business’s stock in a transaction on Friday, January 24th. The shares were purchased at an average cost of $39.45 per share, with a total value of $753,495.00. Following the transaction, the chief financial officer now owns 202,845 shares in the company, valued at approximately $8,002,235.25. The trade was a 10.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

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.