DGS Capital Management LLC reduced its position in shares of Ally Financial Inc. (NYSE:ALLY – Free Report) 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 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.
View Our Latest Stock Analysis on Ally Financial
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.
Featured Stories
- Five stocks we like better than Ally Financial
- Stock Market Sectors: What Are They and How Many Are There?
- MP Materials: Rare Earth Elements Powering the EV Boom
- How to Evaluate a Stock Before Buying
- Verizon’s Turnaround Gains Traction: New Highs Are Likely in 2025
- Canadian Penny Stocks: Can They Make You Rich?
- Bloom Energy: Powering the Future With Decentralized Energy
Want to see what other hedge funds are holding ALLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ally Financial Inc. (NYSE:ALLY – Free Report).
Receive News & Ratings for Ally Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ally Financial and related companies with MarketBeat.com's FREE daily email newsletter.