DGS Capital Management LLC Reduces Position in Ally Financial Inc. (NYSE:ALLY)

DGS Capital Management LLC reduced its position in shares of Ally Financial Inc. (NYSE:ALLY) by 23.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,014 shares of the financial services provider’s stock after selling 1,835 shares during the period. DGS Capital Management LLC’s holdings in Ally Financial were worth $217,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Ally Financial by 55.8% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,720 shares of the financial services provider’s stock worth $170,000 after buying an additional 1,690 shares during the last quarter. UMB Bank n.a. raised its position in shares of Ally Financial by 218.8% during the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 1,061 shares in the last quarter. HB Wealth Management LLC acquired a new position in Ally Financial in the fourth quarter valued at approximately $227,000. Wealthcare Advisory Partners LLC purchased a new position in Ally Financial in the fourth quarter valued at approximately $461,000. Finally, Park Avenue Securities LLC acquired a new stake in Ally Financial during the fourth quarter worth approximately $230,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Price Performance

Shares of NYSE:ALLY opened at $39.03 on Monday. Ally Financial Inc. has a 52 week low of $31.95 and a 52 week high of $45.46. The company has a 50-day moving average price of $37.06 and a 200 day moving average price of $37.92. The company has a market cap of $11.89 billion, a P/E ratio of 15.01, a PEG ratio of 0.42 and a beta of 1.44. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 1.51.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2,021,808.41 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 earnings per share. Research analysts predict that Ally Financial Inc. will post 3.91 earnings per share for the current year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Friday, January 31st. Ally Financial’s dividend payout ratio (DPR) is 46.15%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, November 15th. Jefferies Financial Group raised their price objective on Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday. Truist Financial initiated coverage on Ally Financial in a research report on Tuesday, January 7th. They issued a “buy” rating and a $42.00 target price for the company. Morgan Stanley lifted their price target on Ally Financial from $41.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Royal Bank of Canada increased their price objective on Ally Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $43.47.

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.