Kestra Private Wealth Services LLC Raises Position in Ally Financial Inc. (NYSE:ALLY)

Kestra Private Wealth Services LLC increased its holdings in Ally Financial Inc. (NYSE:ALLY) by 16.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 147,933 shares of the financial services provider’s stock after purchasing an additional 20,569 shares during the period. Kestra Private Wealth Services LLC’s holdings in Ally Financial were worth $5,327,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC boosted its holdings in shares of Ally Financial by 68.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 68,986 shares of the financial services provider’s stock valued at $2,455,000 after purchasing an additional 28,114 shares during the last quarter. Oak Thistle LLC acquired a new position in Ally Financial in the fourth quarter valued at $1,112,000. CWA Asset Management Group LLC purchased a new stake in Ally Financial during the third quarter valued at about $1,338,000. Wealth Enhancement Advisory Services LLC increased its stake in Ally Financial by 58.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,466 shares of the financial services provider’s stock worth $1,796,000 after acquiring an additional 18,671 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of Ally Financial in the 3rd quarter worth about $21,571,000. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ALLY shares. Jefferies Financial Group increased their target price on shares of Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. StockNews.com lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Raymond James upgraded shares of Ally Financial from an “underperform” rating to a “market perform” rating in a report on Monday, October 21st. The Goldman Sachs Group increased their price target on Ally Financial from $42.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, Barclays boosted their price objective on Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $43.76.

Ally Financial Price Performance

ALLY opened at $38.29 on Monday. The company has a market capitalization of $11.67 billion, a P/E ratio of 14.73, a PEG ratio of 0.43 and a beta of 1.45. The company has a 50-day moving average of $37.22 and a 200-day moving average of $37.64. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. Ally Financial Inc. has a 1-year low of $31.95 and a 1-year high of $45.46.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period in the previous year, the company earned $0.45 earnings per share. Ally Financial’s quarterly revenue was up 3.6% on a year-over-year basis. Equities analysts expect that Ally Financial Inc. will post 3.69 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company 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 dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Friday, January 31st. Ally Financial’s dividend payout ratio (DPR) is presently 46.15%.

Insiders Place Their Bets

In other Ally Financial news, CFO Russell E. Hutchinson bought 19,100 shares of the business’s stock in a transaction on Friday, January 24th. The shares were purchased at an average price of $39.45 per share, with a total value of $753,495.00. Following the completion of the acquisition, the chief financial officer now directly owns 202,845 shares of the company’s stock, valued at approximately $8,002,235.25. The trade was a 10.39 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael George Rhodes bought 25,634 shares of the stock in a transaction dated Monday, January 27th. The shares were bought at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the acquisition, the chief executive officer now directly owns 25,634 shares of the company’s stock, valued at approximately $1,002,033.06. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by corporate insiders.

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.