Empowered Funds LLC Makes New $4.15 Million Investment in Ally Financial Inc. (NYSE:ALLY)

Empowered Funds LLC bought a new position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 116,600 shares of the financial services provider's stock, valued at approximately $4,150,000.

Several other hedge funds have also recently modified their holdings of ALLY. Allspring Global Investments Holdings LLC raised its holdings in Ally Financial by 510.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 526 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Ally Financial in the first quarter valued at approximately $28,000. Venturi Wealth Management LLC lifted its position in Ally Financial by 153.9% during the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider's stock worth $34,000 after buying an additional 577 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Ally Financial during the second quarter worth $41,000. Finally, Hobbs Group Advisors LLC purchased a new stake in Ally Financial in the 2nd quarter valued at $52,000. Institutional investors and hedge funds own 88.76% of the company's stock.

Ally Financial Stock Down 1.4 %

ALLY stock traded down $0.52 during midday trading on Monday, hitting $35.70. The company's stock had a trading volume of 2,958,592 shares, compared to its average volume of 3,482,280. Ally Financial Inc. has a 52-week low of $26.50 and a 52-week high of $45.46. The firm has a 50-day simple moving average of $35.14 and a 200-day simple moving average of $38.75. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $10.88 billion, a P/E ratio of 14.34, a PEG ratio of 0.43 and a beta of 1.40.

Ally Financial (NYSE:ALLY - Get Free Report) last released its earnings results 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 analysts' expectations of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. Ally Financial's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 EPS. As a group, equities analysts forecast that Ally Financial Inc. will post 3 EPS for the current year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.30 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.20 annualized dividend and a yield of 3.36%. Ally Financial's dividend payout ratio (DPR) is 48.00%.

Wall Street Analyst Weigh In

ALLY has been the topic of several analyst reports. Wells Fargo & Company reduced their price target on Ally Financial from $37.00 to $32.00 and set an "underweight" rating on the stock in a report on Thursday, September 26th. Evercore ISI reduced their target price on shares of Ally Financial from $47.00 to $38.00 and set an "in-line" rating on the stock in a research note on Monday, October 7th. Keefe, Bruyette & Woods cut their price target on shares of Ally Financial from $50.00 to $44.00 and set an "outperform" rating for the company in a report on Monday, September 16th. Citigroup upped their price objective on Ally Financial from $50.00 to $55.00 and gave the company a "buy" rating in a report on Friday. Finally, Bank of America cut their target price on Ally Financial from $46.00 to $37.00 and set a "buy" rating for the company in a research note on Wednesday, September 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $40.69.

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.