Davis Investment Partners LLC Sells 600 Shares of Ally Financial Inc. (NYSE:ALLY)

Davis Investment Partners LLC decreased its position in Ally Financial Inc. (NYSE:ALLY) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,485 shares of the financial services provider’s stock after selling 600 shares during the period. Davis Investment Partners LLC’s holdings in Ally Financial were worth $222,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. raised its position in shares of Ally Financial by 217.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider’s stock worth $81,260,000 after acquiring an additional 1,563,008 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in shares of Ally Financial by 584.7% during 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 buying an additional 1,191,529 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Ally Financial by 11.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider’s stock worth $384,715,000 after acquiring an additional 987,489 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Ally Financial by 2,088.2% during the third quarter. Assenagon Asset Management S.A. now owns 728,864 shares of the financial services provider’s stock valued at $25,940,000 after acquiring an additional 695,555 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Ally Financial during the 3rd quarter valued at $21,571,000. Institutional investors own 88.76% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on ALLY shares. Truist Financial initiated coverage on shares of Ally Financial in a research report on Tuesday, January 7th. They set a “buy” rating and a $42.00 target price on the stock. Evercore ISI dropped their price target on 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. JPMorgan Chase & Co. raised their price objective on Ally Financial from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Barclays upped their target price on Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Finally, Wells Fargo & Company decreased their price objective on shares of Ally Financial from $37.00 to $32.00 and set an “underweight” rating for the company in a research note on Thursday, September 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $42.67.

Ally Financial Price Performance

NYSE ALLY traded up $0.82 during mid-day trading on Monday, hitting $35.01. The stock had a trading volume of 2,186,785 shares, compared to its average volume of 2,779,265. Ally Financial Inc. has a twelve month low of $31.77 and a twelve month high of $45.46. The stock has a market capitalization of $10.67 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 0.46 and a beta of 1.44. The firm’s 50 day moving average is $36.87 and its 200 day moving average is $38.08. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.92 and a quick ratio of 0.92.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, topping 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 company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts forecast that Ally Financial Inc. will post 3 earnings per share for the current fiscal year.

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.