Blair William & Co. IL Sells 403 Shares of Ally Financial Inc. (NYSE:ALLY)

Posted by Defense World Staff on Jun 1st, 2023

Blair William & Co. IL decreased its position in shares of Ally Financial Inc. (NYSE:ALLY – Get Rating) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,800 shares of the financial services provider’s stock after selling 403 shares during the quarter. Blair William & Co. IL’s holdings in Ally Financial were worth $240,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Kinneret Advisory LLC boosted its stake in Ally Financial by 2.3% in the first quarter. Kinneret Advisory LLC now owns 11,700 shares of the financial services provider’s stock valued at $509,000 after buying an additional 262 shares in the last quarter. Salem Investment Counselors Inc. grew its holdings in shares of Ally Financial by 115.0% during the 1st quarter. Salem Investment Counselors Inc. now owns 645 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 345 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in shares of Ally Financial by 8.2% during the 1st quarter. EP Wealth Advisors LLC now owns 4,656 shares of the financial services provider’s stock valued at $202,000 after purchasing an additional 354 shares during the last quarter. Captrust Financial Advisors increased its position in Ally Financial by 4.9% during the 1st quarter. Captrust Financial Advisors now owns 8,020 shares of the financial services provider’s stock worth $349,000 after purchasing an additional 371 shares in the last quarter. Finally, State of Michigan Retirement System lifted its stake in Ally Financial by 2.9% in the 4th quarter. State of Michigan Retirement System now owns 14,364 shares of the financial services provider’s stock valued at $351,000 after purchasing an additional 400 shares during the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ALLY shares. Citigroup lowered their price target on shares of Ally Financial from $45.00 to $40.00 in a report on Tuesday, April 18th. JPMorgan Chase & Co. cut their price target on Ally Financial from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, April 17th. TheStreet upgraded Ally Financial from a “c” rating to a “b-” rating in a report on Thursday, February 2nd. Piper Sandler raised their price objective on shares of Ally Financial from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, April 20th. Finally, Bank of America raised shares of Ally Financial from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $24.00 to $28.00 in a report on Monday, April 24th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $34.87.

Ally Financial Trading Down 1.5 %

Shares of ALLY stock opened at $26.66 on Thursday. Ally Financial Inc. has a fifty-two week low of $21.58 and a fifty-two week high of $44.33. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a 50 day simple moving average of $25.87 and a two-hundred day simple moving average of $27.06. The company has a market cap of $8.02 billion, a P/E ratio of 6.55 and a beta of 1.34.

Ally Financial (NYSE:ALLY – Get Rating) last released its quarterly earnings data on Wednesday, April 19th. The financial services provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.06). The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.07 billion. Ally Financial had a net margin of 16.42% and a return on equity of 14.79%. The business’s revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.03 EPS. Research analysts forecast that Ally Financial Inc. will post 3.51 earnings per share for the current year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Monday, May 1st were given a dividend of $0.30 per share. The ex-dividend date was Friday, April 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.50%. Ally Financial’s dividend payout ratio (DPR) is presently 29.48%.

Ally Financial Company Profile

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Ally Financial, Inc engages in the provision of online banking, securities brokerage, and investment advisory services. It operates through the following segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, Corporate Finance Operations, and Corporate and Other. The Automotive Finance Operations segment offers retail installment sales contracts, loans, and operating leases, offering term loans to dealers, financing dealer floor plans and other lines of credit to dealers, warehouse lines to automotive retailers, fleet financing, providing financing to companies and municipalities for the purchase or lease of vehicles, and vehicle-remarketing services.