1834 Investment Advisors Co. Increases Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

1834 Investment Advisors Co. boosted its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 127.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 about 0.07% of Ally Financial worth $7,746,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp lifted its position in Ally Financial by 1.2% during the 2nd quarter. Fifth Third Bancorp now owns 23,275 shares of the financial services provider's stock worth $923,000 after buying an additional 278 shares in the last quarter. Blue Trust Inc. increased its holdings 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 worth $166,000 after buying an additional 352 shares during the last quarter. Allworth Financial LP lifted its stake in Ally Financial by 41.9% in the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider's stock valued at $51,000 after acquiring an additional 421 shares during the last quarter. Versant Capital Management Inc increased its stake 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 worth $65,000 after purchasing an additional 463 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings 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. Institutional investors own 88.76% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on ALLY. StockNews.com raised shares of Ally Financial from a "sell" rating to a "hold" rating in a research report on Saturday, October 19th. Barclays reduced their price target on Ally Financial from $44.00 to $36.00 and set an "equal weight" rating for the company in a research note on Thursday, September 12th. JPMorgan Chase & Co. raised shares of Ally Financial from a "neutral" rating to an "overweight" rating and reduced their target price for the company from $46.00 to $40.00 in a research report on Monday, October 7th. Raymond James upgraded shares of Ally Financial from an "underperform" rating to a "market perform" rating in a research report on Monday, October 21st. Finally, Morgan Stanley dropped their price target 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $40.38.

Ally Financial Stock Up 6.7 %

ALLY traded up $2.35 during midday trading on Wednesday, hitting $37.57. The company had a trading volume of 3,882,352 shares, compared to its average volume of 3,486,576. The company has a market capitalization of $11.42 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 0.41 and a beta of 1.40. The stock's 50 day moving average price is $35.91 and its 200 day moving average price is $38.87. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.36. Ally Financial Inc. has a 52 week low of $25.16 and a 52 week high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.57 by $0.38. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The company's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.83 earnings per share. On average, research analysts anticipate that Ally Financial Inc. will post 3 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Friday, November 1st. Ally Financial's payout ratio is 48.00%.

Ally Financial Company 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.