Ally Financial Inc. (NYSE:ALLY) Shares Bought by Philip James Wealth Mangement LLC

Philip James Wealth Mangement LLC lifted its stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 3,811.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 237,545 shares of the financial services provider's stock after acquiring an additional 231,472 shares during the period. Ally Financial makes up 1.0% of Philip James Wealth Mangement LLC's investment portfolio, making the stock its 21st biggest position. Philip James Wealth Mangement LLC owned about 0.08% of Ally Financial worth $8,454,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ALLY. Price T Rowe Associates Inc. MD grew its stake in shares of Ally Financial by 245.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 608,179 shares of the financial services provider's stock valued at $24,687,000 after buying an additional 432,350 shares during the last quarter. OLD National Bancorp IN raised its holdings in Ally Financial by 3.8% in the 2nd quarter. OLD National Bancorp IN now owns 880,601 shares of the financial services provider's stock worth $34,933,000 after purchasing an additional 32,478 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of Ally Financial by 15.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 369,491 shares of the financial services provider's stock valued at $14,988,000 after buying an additional 49,539 shares during the period. Fulton Bank N.A. purchased a new stake in Ally Financial in the second quarter worth about $689,000. Finally, Duality Advisers LP bought a new stake in Ally Financial during the 1st quarter valued at approximately $1,000,000. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on ALLY shares. Raymond James raised shares of Ally Financial from an "underperform" rating to a "market perform" rating in a research note on Monday, October 21st. Wells Fargo & Company lowered their price target on shares of Ally Financial from $37.00 to $32.00 and set an "underweight" rating on the stock in a report on Thursday, September 26th. BTIG Research cut Ally Financial from a "buy" rating to a "neutral" rating in a report on Monday, September 16th. JPMorgan Chase & Co. raised Ally Financial from a "neutral" rating to an "overweight" rating and reduced their target price for the stock from $46.00 to $40.00 in a report on Monday, October 7th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $40.00 price target on shares of Ally Financial in a report on Monday, October 21st. One 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, Ally Financial presently has an average rating of "Hold" and an average price target of $40.38.

Ally Financial Trading Down 1.2 %

ALLY traded down $0.46 on Friday, hitting $37.56. The company had a trading volume of 2,714,073 shares, compared to its average volume of 3,498,242. The company's fifty day moving average price is $35.73 and its 200 day moving average price is $38.86. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. Ally Financial Inc. has a 1 year low of $25.16 and a 1 year high of $45.46. The firm has a market cap of $11.42 billion, a P/E ratio of 15.21, a PEG ratio of 0.41 and a beta of 1.40.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.38. The business 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%. The business's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 EPS. As a group, equities analysts expect that Ally Financial Inc. will post 3 earnings per share for the current year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, November 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.19%. Ally Financial's dividend payout ratio (DPR) 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.