Pathstone Holdings LLC Acquires 33,420 Shares of Ally Financial Inc. (NYSE:ALLY)

Pathstone Holdings LLC raised its stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 127.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 59,741 shares of the financial services provider's stock after buying an additional 33,420 shares during the quarter. Pathstone Holdings LLC's holdings in Ally Financial were worth $2,126,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Janney Montgomery Scott LLC increased its holdings in shares of Ally Financial by 68.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 68,986 shares of the financial services provider's stock worth $2,455,000 after buying an additional 28,114 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Ally Financial by 245.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 608,179 shares of the financial services provider's stock worth $24,687,000 after purchasing an additional 432,350 shares in the last quarter. OLD National Bancorp IN lifted its position in Ally Financial by 3.8% during the second quarter. OLD National Bancorp IN now owns 880,601 shares of the financial services provider's stock valued at $34,933,000 after buying an additional 32,478 shares in the last quarter. Fulton Bank N.A. acquired a new position in shares of Ally Financial during the 2nd quarter valued at $689,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in Ally Financial by 58.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,466 shares of the financial services provider's stock valued at $1,796,000 after purchasing an additional 18,671 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 commented on ALLY. Keefe, Bruyette & Woods dropped their target price on Ally Financial from $50.00 to $44.00 and set an "outperform" rating on the stock in a report on Monday, September 16th. Wells Fargo & Company dropped their price target on shares of Ally Financial from $37.00 to $32.00 and set an "underweight" rating on the stock in a research note on Thursday, September 26th. Morgan Stanley decreased their price objective 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. StockNews.com upgraded Ally Financial from a "sell" rating to a "hold" rating in a research note on Saturday, October 19th. Finally, Citigroup raised their price objective on Ally Financial from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $40.69.

Ally Financial Trading Up 0.2 %

Shares of ALLY stock traded up $0.07 during trading hours on Wednesday, reaching $39.49. 2,273,929 shares of the stock traded hands, compared to its average volume of 3,470,400. Ally Financial Inc. has a 1-year low of $26.50 and a 1-year high of $45.46. 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 $12.03 billion, a PE ratio of 15.62, a PEG ratio of 0.46 and a beta of 1.40. The business has a fifty day moving average price of $35.59 and a 200 day moving average price of $38.64.

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 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 business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. Ally Financial's revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities research analysts forecast that Ally Financial Inc. will post 3 EPS for the current year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend was Friday, November 1st. Ally Financial's dividend payout ratio is currently 48.00%.

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.