Ally Financial Inc. (NYSE:ALLY) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its holdings in Ally Financial Inc. (NYSE:ALLY - Free Report) by 58.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,466 shares of the financial services provider's stock after purchasing an additional 18,671 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Ally Financial were worth $1,796,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ALLY. Boston Partners acquired a new stake in shares of Ally Financial during the first quarter worth $152,079,000. Jennison Associates LLC acquired a new stake in shares of Ally Financial in the 1st quarter worth $52,252,000. Wedge Capital Management L L P NC boosted its holdings in shares of Ally Financial by 584.7% in the third quarter. Wedge Capital Management L L P NC now owns 1,395,308 shares of the financial services provider's stock valued at $49,659,000 after acquiring an additional 1,191,529 shares in the last quarter. Delta Global Management LP increased its stake in shares of Ally Financial by 3,262.3% during the first quarter. Delta Global Management LP now owns 1,035,994 shares of the financial services provider's stock worth $42,051,000 after acquiring an additional 1,005,182 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Ally Financial by 11.3% during the second quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider's stock worth $384,715,000 after purchasing an additional 987,489 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wells Fargo & Company dropped their target price on Ally Financial from $37.00 to $32.00 and set an "underweight" rating on the stock in a research report on Thursday, September 26th. TD Cowen cut their price objective on Ally Financial from $45.00 to $37.00 and set a "hold" rating for the company in a research report on Monday, September 23rd. Bank of America decreased their target price on shares of Ally Financial from $46.00 to $37.00 and set a "buy" rating on the stock in a research report on Wednesday, September 11th. 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. Finally, JPMorgan Chase & Co. raised shares of Ally Financial from a "neutral" rating to an "overweight" rating and decreased their price objective for the stock from $46.00 to $40.00 in a report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $40.38.

Ally Financial Trading Down 0.9 %

Shares of NYSE ALLY traded down $0.32 during midday trading on Monday, reaching $34.25. 2,024,837 shares of the stock were exchanged, compared to its average volume of 3,490,808. 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 capitalization of $10.41 billion, a P/E ratio of 13.70, a P/E/G ratio of 0.42 and a beta of 1.40. The stock has a 50 day moving average price of $36.06 and a 200-day moving average price of $38.90. 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 results on Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the firm posted $0.83 EPS. Ally Financial's revenue was up 6.9% on a year-over-year basis. Equities research analysts expect that Ally Financial Inc. will post 3 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently declared 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 3.50%. The ex-dividend date of this dividend is Friday, November 1st. Ally Financial's payout ratio is 48.00%.

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.